Airdrops are another way to distribute crypto tokens. An initial coin offering ICO is a great way to startup a blockchain project. It is a newly issued digital token or coin. Recently, airdrop has emerged in new tokens distribute method. In this way when any blockchain project distributes coins or tokens called airdrops. Through this method, many companies distribute blockchain crypto-free tokens. This type of method is known as the airdrop. In a different way, you can receive free crypto tokens.
What Are Airdrops Tokens?
To receive free crypto Tokens you need to have the coins from the relevant blockchain in your wallets. There have several examples who are provided free crypto tokens among their community. For example, Byteball, Stellar Lumens, and OmiseGo issued airdrop tokens among the coin holders.
Airdrop tokens are one of the free ways to make money on the internet. In a simple way to explain what is airdrop token?, then the answer is ” Hold the parent token to get the airdrop free tokens which airdrop is being done.
Sometimes airdrops happen for forks, marketing and for decentralization, and so on.
Most famous Airdrops
From the beginning of the cryptosphere, many airdrops are happening. All the airdrops we’re not famous where free money is not any harm. Some of the airdrops are etched in our memories as the biggest ones. Already we have discussed Bitcoin hard fork that was most families airdrop in the past.
Ethereum Classic Airdrop
Callisto token (CLO) was distributed to ETC holders. It happened in March (1:1) with some excitement because this token was Cold Proof of stake token. Its price surge is six months high as per Satoshi terms.
Stellar Lumens is another one of the biggest airdrops with 16 billion tokens last year. Every Stellar holder gets a part of the number of Lumens. When they hold the coin before snapshot they just get a certain amount of receive free crypto Tokens.
What You Need To receive free crypto tokens
You will be eligible to get these airdrop tokens if you prove you were the owner of those tokens or coins at certain times of that blockchain. This free tokens giveaway is generally like this: As pre-announced time the project behind the event will take a ” snapshot” of the blockchain, anyone holding Ethereum or Bitcoin at that point will receive a certain number of free e-tokens. This can also be done on other blockchains, but Ethereum and Bitcoin are the most used for this airdrop format. refer link
All cryptocurrency wallets are not supported free airdrop tokens. It should be relevant and certain blockchain base. For example, if the blockchain project is based on Etherium and ERC20 tokens then you need to use certain wallets like MetaMask and MyEtherWallet that are supporting the tokens.
Another important thing is to receive free crypto tokens. You should have a reasonable amount of the matching tokens so that as included snapshot just before airdrop happens.
In this case, if the airdrop project was not using the snapshot method, then you need to use social media accounts. Some project needs Twitter accounts. In many cases, other project needs telegram account and so on. Moreover, different blockchain companies offer different methods to provide airdrop tokens.
How to launch an Airdrop?
You need some brainstorming to lunch your airdrop projects. To complete the airdrop project you can take the software advantage and crypto tools. SnowFox Technologies is providing a platform to complete airdrop projects with their KYC verification feature.
In a fast and efficient way, this promo technology builds on where investors can receive 1,000,000 addresses tokens. Corporate entities easily create and integrate tokens for their business. This company helps to design and customization airdrop projects.
Basic Requirement To Receive Free Crypto Tokens
To receive a free airdrop token, you need a stable wallet that supports the tokens or crypto coins. You also need a certain amount of parent tokens to get certain coins.
There has no specific way to receive free tokens different companies provide different offers to get tokens.
Before participating in any airdrop just stays in the relevant token community and holds the number of cryptocurrency tokens.
For example, you can hold Britain and Ethereum to get the airdrop future tokens.
You only get the token if the project is base on the relevant blockchain. Not all Blockchain protocols do not allow airdrop.
How To Get Updated About Crypto Airdrops?
Various ways you can get updated about crypto airdrops. One of the most effective ways to stay updated is to join the cryptocurrency community that works in this area. Crypt is one of the communities that work in this area. Already we have mentioned the links where you can get all the airdrop news details.
If you periodically visit that page you will get all the airdrop news there and take the advantage of free tokens. We provide many aspects about how to claim free airdrop tokens.
There have also some websites and services where you can get the airdrop updates regularly. However, remember that all the random airdrop is not worth participating in. Beware of the fraudulent activities on the cryptosphere. Nevertheless, here have a shortlist of airdrop news and updates.
Here is another way you can get updates with announcements about the airdrop. It might help to get updated about the relevant news and messages. – Links
How To Store Free Airdropped Crypto?
Calming your free crypto token can be a varied from project to project. A different way you can collect your airdrop coins. For the forks airdrop coins, you will be needed to fully control private key to secure your tokens. You can also know how to create your public address with your secret keys.
Already we explained how to store and secure your coin/ tokens. I recommended always store your all cryptocurrency in the recommended wallets where you can fully control your privets keys.
- Ledger Nano S (Hardware Wallet)
- Trezor (Hardware Wallet)
- Exodus (Desktop Wallet)
- MyEtherWallet (Web Wallet) etc..
Sometimes you only need to get airdrop tokens in this way
- Sign-up Accounts
- Retweet Post
- Refer a friend To Join
- Join Telegram
- Or complete other social media tasks
Now we see everywhere are scammers in the crypto community so airdrops are not outside of them. Just keep is, mind you should not send your private secret key for an airdrop project. You also need to remember to send any money or crypto to someone to get the tokens/ coins. Simply follow this guideline to avoid any type of scammer or fraud. If you follow this guide, then you will earn a free crypto token and earn money from the airdrops project.