Airdrops New

Many crypto companies distribute free coins to their communities to increase their project’s visibility, increase the circulating supply and stimulate trade. These free distributions are commonly known as airdrops.

Most of the airdrops that we present are bounty drops, which will reward you with tokens for completing simple social media tasks (Joining their Telegram group, reposting on Twitter, etc.). This offering creates a win-win scenario because the company gets free marketing, and you get free crypto. Other airdrops will reward you for simply holding a specific coin without expectation of any reciprocal consideration.

Marketing! In order for a cryptocurrency to be useful and worth something it has to be used by people and this is hard to achieve. With giving away free tokens you can get a network effect going. It's an easy way to build a large community because everyone loves free tokens. Another purpose of this is to draw people's attention to the project. Whenever they scroll through CoinMarketCap or see the logo of the free coin elsewhere they know it. This will eventually even buy them tokens, since the project appeals to them.

It's a win-win situation: On one hand, you get free tokens. And on the other hand, blockchain companies raise awareness for their projects.

Yes! You might think just because you get these tokens for free they are not worth it. However, these tokens are usually distributed before the sale in order to carry out marketing, as already mentioned. As a rule, a maximum of 1% of all tokens are made available for an airdrop. The rest is still for sale. Thus also the free tokens have a value.

The claim process differs from project to project. Some holder drops will drop tokens automatically into the wallets of users who own a specific coin. Other projects are snapshot- based, and can only be claimed by users who held the required token during the snapshot, which is a record of token holders taken at a specific time/block.

An example of a holder airdrop is Byteball, which was initially distributed to Bitcoin holders. They also airdropped a monthly amount of Bytes into the wallets of Byteball holders proportional to the amount of BTC/GBYTE that they held during the drop. These types of drops can create excitement which often results in significant price action for the particular coin.

For taking part in bounty airdrops, you will likely need active accounts on social media sites such as Facebook, Twitter, and Telegram. You should also have a Bitcointalk.org account, as some drops require participants to post proof of ownership in the forum threads. Most bounty drops will require you to join a Telegram group and share posts on Facebook and Twitter. After completing the steps to reserve rewards, you will often need to fill out a form with your usernames and wallet address.

On various exchanges. Since the cryptocurrencies mainly come from new companies, they are not yet listed on the big exchanges like Binance. However, there are dozens more small Exchanges. You can check the token's website or Twitter. New exchange listings are usually widely announced. Then you only have to create an account at the Exchange and you can usually exchange the tokens for Ether or Bitcoin.

That's normal! The airdrops usually take place before the token sale but the distribution is after the successful token sale. This can take from a few weeks to several months. In a few cases no tokens are distributed, because the company fails to sell enough tokens and the project unfortunately fails.