How to Get Airdrops for Your Crypto Currency. Learn how to get airdrops for your cryptocurrency by following these simple steps.
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Introduction
Airdrops are a promotional tool used by ICOs and crypto projects to distribute tokens or coins to their community. An airdrop can be distributed to all holders of a certain blockchain currency, such as Bitcoin or Ethereum, or it can be sent only to members of a particular project. For example, the Stellar lumens airdrop that was conducted in October 2017 was open only to members of the Keybase chat app.
In order to claim an airdrop, you will need to have a wallet that supports the currency that is being distributed. For example, if you want to claim an airdrop of Bitcoin, you will need a Bitcoin wallet. If you want to claim an airdrop of Ethereum, you will need an Ethereum wallet. The most popular wallets for each currency can be found below.
Bitcoin:
-Blockchain Wallet
-Coinbase Wallet
– Exodus Wallet
Ethereum:
-MetaMask Wallet
-MyEtherWallet
-Mist Wallet
Once you have set up your wallet, you will need to join the relevant community for the project that is conducting the airdrop. This is usually done by joining their Telegram group or following them on Twitter. Make sure you do your research before joining any community, as there are many scams out there!
What is an Airdrop?
An airdrop is a distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses. Airdrops are primarily implemented as a way of gaining attention and new followers, resulting in a larger user-base and a strengthened network effect for the project. Many recent ICOs (Initial Coin Offerings) have used airdrops as dollops of marketing to bring awareness to their project and increase social media following. Some projects will require you to perform simple social media tasks like tweeting or sharing news articles in order to receive your free tokens. Other times, cryptocurrency projects will simply give away tokens to all holders of another popular coin like Bitcoin or Ethereum
How to Get Airdrops
In the cryptocurrency world, an airdrop is when a blockchain project or ICO distributes free tokens or coins to the crypto community. An airdrop can be done for a variety of reasons, but usually, the project is either trying to grow its community or increase awareness for their coin.
In order to receive an airdrop, most projects will require you to have their main currency in your wallet. So, for example, if you want to receive an airdrop of altcoin ABC, you will need to have Bitcoin (BTC) in your wallet. The project will then send you the ABC coins for free.
There are usually a few simple tasks that you will need to complete in order to receive an airdrop such as joining their Telegram group or following them on Twitter. Some more complicated tasks might include writing a blog post about the project or submitting proof of ownership of another cryptocurrency.
To find out about current and upcoming airdrops, you can check out websites like AirdropAlert.com which list all of the ongoing and upcoming crypto airdrops.
Conclusion
In conclusion, getting airdrops for your cryptocurrency can be a great way to increase your holdings, without having to put any money down. However, it is important to research each airdrop before participating, to make sure that it is legitimate and that you are comfortable with the terms and conditions.
