An Airdrop is a distribution of a cryptocurrency token or coin, usually for free, to a large number of 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.
Airdrops aim to take advantage of network effect by engaging existing holders of a particular blockchain-based currency, such as Bitcoin or Ethereum in their currency or project.
There are two ways creators distribute their tokens: by selecting recipients at random, or by publishing the event in airdrop-related bulletin boards or newsletters. Often, random Ethereum accounts with value above a certain threshold will receive various unsolicited airdropped tokens. Many websites now exist which promote cryptocurrency Airdrop campaigns, and social media is a great place to read about upcoming Airdrops.
Cryptocurrency enthusiasts can gain free cryptocurrency by supporting projects who release coins through an Airdrop. Often, Airdrops will have requirements such as joining a Telegram channel, retweeting a tweet, or inviting new users to the project. Should the participant have to contribute capital towards the project, then this is not considered an airdrop.
Airdrops can be considered a very effective and common marketing strategy among new cryptocurrency projects. Its goal is usually to spread the word about a certain product, coin or exchange in the world of cryptocurrencies. Additionally, the new token-holders are incentivized towards the success of the project due to owning a certain number of coins themselves.
There are many guides available for users wanting to join cryptocurrency airdrops.
Customized Airdrops Every project has different needs. At AirdropAlert we understand what this market is all about. Apply for a customised multi week or month plan to reach your targets. Use our airdr...