Crypto Airdrops

Crypto Airdrops or cryptocurrency airdrops are limited time events by coin project to promote or create awareness about their crypto-currency by distribution of free tokens to early adopters(first timers)...
Crypto Airdrops is one of the best way to obtain cryptocurrency for free....You don't have to spend a dime to get these coins....Infact as a noob,i recommend you start with crypto Airdrops...

In every coin project,before launch or making it public,they either pass through an ico(initial coin offering) phase or by giving out free coins(Airdrop) and sometimes both stages...The main purpose of airdrop is to create awareness about the coin project by so doing bringing investors or just for increasing the number of token holders in order to make the coin more valuable and so doing, increasing its price.

What are the Requirements?


You might be wondering,how do i get these coins or what are the requirements....Yeah that a good question..Well as a noob,To start a crypto airdrop,all you need to do is:

1.Get a social media account(e.gTwitter, Facebook, Telegram, Instagram e.t.c which you are going to use for promoting the coin project depending on the task given by the coin project.That is,if the project require you to do some social task like retweet, liking and sharing of posts..

2.A wallet where your coins will be sent..

The two most popular coin airdrop out there is Bitcoin abd etherium airdrop....Some airdrops might require a Bitcoin wallet(Bitcoin airdrop),or for you to register a wallet built on their blockchain or their website.... while most airdrops might require an ERC-20 wallet...so many coins or tokens nowadays are built on the etherium blockchain...With etherium dominating the crypto giveaway industry with their ERC20 Token WALLETS where you can get all your tokens in one wallet...... in order for you to get these tokens or coins which are built on the etherium blockchain,you are going to need an ERC20 or ERC223 compatible wallet...In our later post im going to explain what an ERC20 WALLET is...but for now let just say in a nutshell,an ERC20 WALLET is a wallet built on the ether blockchain which is used for storing,sending tokens built on the etherium network or blockchain...For now,the best out their is Myetherwallet or Imtoken(you can search on the Google playstore)...To receive your tokens,all you nned to do is just copy your etherium address and paste on the coin airdrop project and thats all...

Well as noob these are what you need for a start...Some airdrop or bounty might require you to write some articles about the project or might require some tasks which are meant for expert...But don't feel bad...it a good step you have taken...Well as time goes by,you will get all the knowledge and information you need to become an expert....But for now,you can do some simple tasks like the ones highlighted above....

After Receiving these coins, What's next?


Just like i said earlier,these coins can also be traded for Bitcoin or etherium when it hit the crypto exchange market.... Remember coin airdrop is also a way of obtaining Bitcoin or etherium for free.... Yeah what i mean by obtaining bitcoin or etherium for free is that when received,these coins can be exchanged for Bitcoin or etherium depending on how valuable or how successful the coin airdrop is........ But also,these coins also serve some purpose according to the coin project... Remember cryptocurrency will be the new future money....You can also hold these coin and by so doing,you are adding more value to these currency... Don't be in a rush to sell off your coins just immediately you receive them or when its hit an exchange...You can also Hold it and by so doing adding more value and making it price spike high.... Remember,the value of a coin depends on how much you have in your wallet....


Why do these coin project give out free coins?


In every business, nobody wants to lose...We all want a gain...Likewise cryptocurrency giveaway (Airdrops)...Before giving out these Coins,they want something in return....like i said earlier,airdrops are limited time event,and at such what happens during these events,you contribute by promoting their project by liking, sharing and retweets of post....Hence,by so doing..you are making awareness and also bringing investors to invest on their project....
Also,they want the coin or token to appreciate thereby increasing the number of token holders...

Pros and Cons

Advantage

-As well as you know,the only advantage is that you get these coins for free....You can be making more than a thousand dollars with airdrop... Depending on how valuable the airdrop is.....


Disadvantage
-It may take a long period of time to receive these tokens/coins in your wallet..sometimes a week,month or even days depending on the project rule.

-It hard to detect a legit and real Coin Airdrop...So many fake or scam airdrops around...some might even go as far as requesting your private key to your etherium wallet or sometimes request money from you in order to get your tokens delivered...

-N.B Never reveal your private key or password to anyone....But sometimes,you might be asked to send some etherium that are not worth up to a cent just to check if you are a human or bot...But before you go into any coin airdrop project make sure you make research of the airdrop you are going for....Or just subscribe to our blog to receive legit airdrop....

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