Nowadays, it is very easy to purchase crypto coins. Interested investors can purchase coins from either crypto exchange platforms or peer-to-peer crypto merchants. Besides that, you can also earn free crypto by claiming crypto airdrops.
Cryptocurrencies are split into two major categories: crypto coins and stablecoins. Some of the most common examples of crypto coins include Ethereum, Bitcoin, and Solana. Stablecoins are a special type of cryptocurrencies whose value is pegged to that of fiat currencies such as the Euro or USD. Stablecoin prices are not as volatile as compared to those of crypto coins.
What are crypto airdrops? A crypto airdrop is a free distribution of crypto coins or tokens. Crypto developers use this marketing technique to market their new products to the masses. They typically offer crypto enthusiasts free coins or tokens in exchange for marketing services.
If you're looking for ways to earn some free crypto or tokens, then this guide will be of assistance. In this guide, we will explain how crypto airdrops work. We will also show you how you can claim these free crypto coins or tokens.
An In-Depth Look at Crypto Airdrops
As mentioned earlier, crypto airdrops involve transferring free crypto coins to the crypto wallets of various investors. In most cases, crypto creators use airdrops as a marketing stunt. Crypto owners or enthusiasts may get crypto coins deposited into their wallets as payment for marketing services or free of charge.
In other cases, any crypto owner may be eligible to receive free crypto after participating in the “know your customer” process. You can also get crypto airdrops after following the coin’s social media pages or signing up for their newsletter. The overall idea behind this technique is to market the new crypto product and create brand awareness.
Type of Crypto Airdrops
Crypto airdrops are split into four main categories, namely holder airdrop, bounty airdrop, standard airdrop, and exclusive airdrop. All types of airdrops are used for creating brand awareness and marketing the new crypto coin or token. Standard airdrops are normally made during the ICO (initial coin offering). Crypto owners get coins or tokens deposited in their wallets for free. The main idea is to get more people to invest in the new coin or token.
Exclusive airdrops often target people following sites that share news involving airdrops. Most of these sites share the latest and most worthy airdrops that are about to happen. In some cases, only a selected group of crypto enthusiasts receive the free coins or tokens.
Bounty airdrop programs are normally used as a form of payment for influencer marketing services. Crypto enthusiasts may have to retweet tweets about the new crypto product. In addition, people owning crypto blogs may have to publish a post about the new crypto product. They then get paid in the form of free tokens or coins.
Holder airdrops target crypto investors that have already invested in the coin. The airdrop program distributes the coins or tokens depending on the number of coins they own at the time. Having a larger stash translates to getting more free coins.
What to Watch Out For
Crypto airdrop programs are a good and cheap way of diversifying your crypto portfolio. It allows crypto investors to acquire different coins dropping into the market without having to sell their current assets. You can find more helpful hints from airdrop aggregator websites and blogs.
There have been cases where the airdropped coins quickly lose value due to poor performance in the crypto market. Owners often end up having coins without any value in their wallets. However, one of the greatest risks of participating in airdrops is giving away your info to scam projects.
Some scam sites pose as new crypto projects, requesting users to sign up for newsletters in exchange for free coins only to end up spamming their emails. Always do some background research before signing up on any airdrop programs.
Acquiring Free Crypto Coins
You can build your crypto portfolio by participating or receiving free coins from an airdrop program. However, most airdrop programs don’t last long, and the standard airdrop programs operate on a first come first serve basis.
You can subscribe to a newsletter from various airdrop aggregator websites. These typically have the latest data about any impending airdrops. Some of the aggregator sites classify the data for easier readability.
Bottom Line
Airdrops are a cheap and convenient way of building your crypto portfolio. However, you should exercise caution before signing up. Not all crypto projects are real and some could be out to harvest your personal information.
If you're a crypto enthusiast, you can take advantage of crypto airdrop programs through visit airdrop aggregator sites. Creating content about crypto can also give you a better chance of being selected for bounty airdrop programs.
