Frequently Asked Questions
A crypto airdrop is when a blockchain project distributes free tokens or coins to the crypto community.The format of these crypto giveaways is usually like this: At a pre-announced time the project behind the event will take a ”snapshot” of the blockchain,anyoneholding Ethereum, Bitcoin or other tokens,at thapoint will receive a certain number of free e-tokens.
Examples of this format of airdrops are Byteball, Stellar lumens and OmiseGo.
Currently the most common crypto airdrops require a few simple social media task or referring new members to the group with help of Bot based airdrop. These projects use an airdrop as a marketing campaign.Many projects that are now top 40 coins have done airdrops in their early stages, like NEM, DECRED & Ripple.
With the sheer size of the cryptocurrency market, a new cryptocurrency can go completely unnoticed if it isn’t given the right boost in terms of substantial marketing campaigns. Just like every other aspect of the digital world, hype and buzz play an important role in the cryptocurrency ecosystem.
Airdrop is an efficient way for the founders of new blockchain projects to bootstrap their burgeoning community. With this new way of marketing everybody wins because on one hand users get free tokens which could worth something in the future. And on the other hand, blockchain projects raise awareness for their crypto-projects.
There isn’t any standard set of rules yet. And each blockchain team can request whatever they want from their backers.Some new token airdrops require retweets on Twitter, usually you need a minimum amount of followers. Make sure you have active social media accounts to be eligible for these free crypto tokens.
Most airdrops of today require to join their Telegram group so make sure to download the Telegram app.Other possible requirements are: Bitcointalk, Reddit, Facebook, Medium ,Youtube, Slack ,Discord, & Linkedin.
So now you have free crypto, what do you do?
Many coins that do airdrops are PRE-ICO or just finished their ICO.
This often means it is not traded yet on the bigger exchanges. You can check out our Exchange Board to see where you can best sell your crypto airdrops.
We suggest you to make an account at all exchanges listed so you can easily sell and receive your crypto airdrops. We hope you receive as many airdrops as possible and that they increase in value over time. . You don’t need to immediately sell your free crypto, there is nothing wrong with being a HODLer.
Don’t be a thief of your own wallet! NEVER SHARE YOUR PRIVATE KEYS.
The safest way to store your airdrops are hardware & cold storage wallets.
These wallets store your coins offline, and therefore protect them from being hacked. There are a number of hardware wallets available. We would advise to use the Ledger Wallet Nano S or Trezor.
Not all cryptocurrency can be stored in hardware wallets. We advise you to store your crypto in wallets where you control your private keys. You don’t want your free crypto to be stolen!
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