Crypto Airdrop
Crypto airdrop is a marketing campaign deployed by token issuers to create awareness for their own tokens.
What does airdrop mean in crypto?
Crypto airdrop is a marketing campaign deployed by token issuers to create awareness for their own tokens. The act involves distributing tokens to designated wallet addresses unconditionally or in exchange for small services such as retweeting or posting. Different projects have their own criteria on how to get crypto airdrops specifically.
The content in the airdrops is usually a cryptocurrency that is worth equally to its original currency. Traders may freely exchange airdropped content to other currencies as they deem appropriate.
Can you make money from crypto airdrops?
You can treat airdrops as “give away”. Once you have received the airdrop, you can either swap it to other cryptocurrencies for instant return or hold it for speculative purposes. Please note that the value of airdropped contents is not constant but rather volatile as same like cryptocurrencies.
However, do proceed vigilantly as some airdrop campaigns are not meant for creating awareness but rather a scam. The token owners might secretly inflate the value of the tokens in a “pump and dump” scheme seeking gullible victims for profit.
Are crypto airdrops real?
Crypto airdrops are normally distributed to users’ wallet addresses. Users can verify and check the distributed tokens in their wallets by themselves. However, there are several cases of scammers announcing airdrop features that lead to phishing activities.
The scammers would often deceive crypto traders into connecting their wallets to their fake websites. The fraudulent websites would request consent to perform transactions in the wallets of the ignorant victims. Once the request has been granted, cryptocurrencies in the wallets will be emptied out.
Scammers mostly appear in form of fake Twitter accounts or even fake official websites. Thus, before signing any consent, DYOR especially when you are about to connect your wallet to dubious websites.
A way to prevent this is to create a new wallet address that is dedicated to receiving airdrops only. This method can be done easily and would avoid any phishing activities targeted to your main wallet. Once you receive the airdrop, directly transfer the contents to your main wallet.
Which are the best crypto airdrops?
There are different types of airdrops namely bounty airdrop, exclusive airdrop, holder airdrop, and more as new types of airdrop are being launched every day. Users need to meet the criteria of different types of airdrop to be eligible to claim them accordingly. Here is the list of some of the best crypto airdrops so far:
Minereum (2016) - Highest airdrop value was $440,000 Decred (2016) - Highest airdrop value was $32,500 Oyster Pearl (2017) - Highest airdrop value was $11,000 Bitcoin Cash BCH (2017) - Highest airdrop value was $4,300 Stellar - issued over $125,000,000 in XLM tokens
Additionally, the new type of airdrop (NFA) was recently launched by Arken Finance which revolutionized typical airdrop launches. See for yourselves and don’t miss the trend!
More Details about Arken NFA :
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