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What is airdrop cryptocurrencies?
Airrop cryptocurrencies (from English. “Airdrop” – the discharge of goods from the airplane in the air) is a tactic common in the crypto industry, which is aimed at attracting attention to the project due to the free distribution of its tokens or coins.
To participate in Airrod and obtaining a reward, one or more conditions must be met. For example, subscribe to the project pages in social networks, to be a holder of a certain cryptoactive or a user of a particular application.
How the Airrodes developed?
This type of marketing activity became popular during the heyday of ICO in 2017. Then the organizers of the tokensils offered small amounts for minor activity on social networks. So it was possible to disseminate information about the ICO among the mass audience.
Cryptocurrencies in 2022 are widely used by Defi projects that, using airrods, distribute tokens of control to users of decentralized protocols and applications. Thus, they try to quickly increase their community and at the same time create a demand for their digital asset.
NFT projects also actively use this method by spreading free non-replaced tokens from their collections, sometimes on a competitive basis.
How are the Airrodes Cryptocurrencies work?
Developers send free tokens according to certain criteria or when performing certain actions. Often, startups resort to the support of the resources known in the crypto industry in the crypto industry.
For example, on the Coinbase exchange there is a special EARN section where you can watch a series of short videos about cryptocurrency, then pass the test and, correctly answering questions, get a little coins. The section with the past and relevant craps of cryptocurrencies is on the Coinmarketcap platform (link below).
Today, most startups simply accrue crypto acts for user addresses according to some criterion. For example, early users of a decentralized exchange can get its control tokens for free. So the teams of Defi projects distribute tokens between active members of their community and attract attention to their project.
What are the cordrons of tokens?
Each cryptocurrency project has its own requirements for the participants of the Airrod, but several main types can be distinguished.
You can get cryptocurrencies for performing certain actions. These can be messages in chat, registration on the site, post in various social networks. Each action has its own cost. In addition, the participant must record his actions and then transfer this information to the representatives of the project.
After the organizers confirm that the user has performed the required actions, they accrue earned tokens on his wallet. This is a traditional way, but today it is used little, since it requires a lot of efforts from the organizers and from the participants.
Airrod for users
Tokens can be accrued for free and those who use some specific blockchain appliance. The most common is such airdrop in the field of decentralized finance.
For example, a team of some protocol charges its management tokens to all registered users or those who have performed certain actions. So she awards her community.
Also, such an airrrop may be the result of the collaboration of the crypto project and known in the crypto industry of the service, such as a wallet.
Airdrop for cryptocurrency holders
As large ecosystems form in the industry, tokens began to be distributed to the owners of native coins of “infrastructure” projects. For example, a startup, which is launched on the Ethereum blockchain, distributes its tokens to all holders of the second cryptocurrency capitalization.
How to take part in the cadlop cryptocurrency?
Regardless of the type of distribution, its participant must have a relevant address on the network of coins or token, which he wants to get – you need a non -castodial wallet, the keys to which the user always stores (for example, Metamask or Trust Wallet). Airdrop exchange account in most cases will not work.
Some projects organize promotions and announce the conditions of participation openly. Unfortunately, in most cases these are little -known companies, the tokens of which have a low cost and are not traded on large exchanges.
Other startups announce the airdrods unexpectedly to reward a certain group of loyal users and prevent lovers of “easy money” before distributing. Typically, popular or hype projects that distribute a considerable amount of tokens, the price of which can significantly increase. However, it is almost impossible to predict such events.
Examples of well -known airrodes
In 2018, the fund, which is developing the Stellar blockchain, distributed its XLM coins for several months in the amount of about $ 125 million users of the BlockChain wallet users.Com.
Uniswap decentralized exchange in September 2020 unexpectedly distributed to everyone who at least once used it, 400 UNI tokens. The price of one UNI at the beginning of the auction reached $ 7, thus, hundreds of thousands of people at one moment just got digital assets for several thousand dollars.
In 2022, the team of the largest NFT project Bored Ape Club conducted Airrod APECOIN (APE) among the holders of non-replaceable tokens from the Bored Ape and Mutant Ape collections.
We talked about the most profitable airrdrodes of cryptocurrencies in 2021 in a special material.
Where to look for cupids cryptocurrencies?
There are a lot of resources on the Internet about current and future rejoicing coins.
Among popular sites are Coinmarketcap, CoinmarketCal and Airdrops.IO, as well as Twitter channels – Airdrop, Defi Airdrops and Cosmos Airdrops. Many of these resources have calendars of past, relevant and future airrods.
We are reporting the most important airdrodes in our Telegram channel.
What are the risks of participating in the distribution of tokens?
Beginning investors consider the distribution of cryptocurrencies as an easy way to get money. However, participation in the cadlop either requires considerable effort, or is associated with risks. In particular, the concept of “free coins” often use scams.
Here are some recommendations on how to protect them from them:
- Never tell anyone a private key or a sid-fraz from your wallet.
- Be careful and check each project yourself in which you want to participate. Look for information about him on the Internet and on trusted resources – for example, forklog. If there is very little information about the project, the risks increase.
- Be especially careful if you promise you for a quick and high income for participating in Airrod.
- Never pass personal information about yourself or data for entering personal accounts.
- If you are asked to translate a small amount of coins from you, and in return they promise to send more – this is definitely scammers. Airdrops are a free distribution of cryptocurrencies, it does not need to buy it.
There are cases when scammers send a fictitious token to a wallet that mimifies under some popular coin. It is impossible to detect a fake until the user decides to sell it or exchange it. As a rule, in response, error messages calling to visit the malicious phishing website. The page interface looks similar to a decentralized application (DAPP), which offers to connect a wallet. The user confirms the transaction and unconsciously approves the transfer of his tokens to scammers.