AIRDROPS 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
wider disbursement of coins.
They are free coins or tokens that are dropped directly to
your wallet or you claim. They are mostly associated with new and developing
coins and tokens. They are always limited and available for a period of time.
Airdrops are not special coins or tokens, they are normal coins
or token that are given to people for free as a reward for doing a task for a
period of time for some specific reasons.
Recently, Binance gave out 100 TWT (trust wallet token) to
everyone who claimed it by just few steps or tasks.
Examples of recent airdrops
are:
v
TWT
v
1 Inch
v
Morpher
v
Uniswap
v
Serum
permission
v
OnX
finance
History
Of Airdrops
Auroracoin(cryptocurrency
for Iceland) is the first recognized airdrop distributed to Iceland citizens in
March 2014..
The distribution, which is the very
first airdrop sends 50% of the total Auroracoins to the country’s
citizens, to the Icelandic residents that entered their permanent
resident ID received 31.8 AUR. On March 25th the Icelandic citizens
received their tokens.
Reasons
for Airdrops
Airdrops are been conducted or given
for several reasons which may include:
v Generating Awareness: I believe this
is the first and foremost reason for releasing airdrops, mainly for awareness.
You will notice that most airdrops don’t come from already established and
well known coins like BTC, ETH, XRP, they come from new and struggling coins which
needs recognition.
v Understanding the users: Some airdrops
are also released by its developers to get user experience reports and also to
understand if the coin/token is good enough.
v For Rewarding Loyalty: Some airdrops are used for compensation of its
user.
v Wider Distribution of Tokens
How
to Access Airdrops
Well, accessing airdrops has no regular
techniques, because the release airdrops are not predictable and also each
airdrop may have a specific way or channel of distribution. But to get airdrops
or to be alert and ready for airdrops you need:
v Cryptocurrency
Wallet: You need to have a wallet you will store your airdrop,
not a wallet like that of binance and coinbase, but a pure wallet like trust
wallet, coinbase wallet e.t.c.
v Follow top exchanges: Then, to
actually, get the airdrops, you need information about it and also to get information
you need to follow top exchanges like Binance, coinbase, luno e.t.c on social
media (most especially twitter) and turn on notification from them, because
they then to drop information about airdrops mostly on social media.
Now,
please not, airdrops are not a regular thing. It is not a style of trading and
it is not an advisable thing, because it is not predictable. But, it is just an
add-on and bonus.
