Earn money with crypto airdrop

What is a crypto airdrop?

A​ ​crypto airdrop​ ​is​ ​when​ ​a​ ​blockchain project distribute​s free​ ​tokens or​ ​coins to​ ​the​ crypto ​community.

To​ ​be​ ​a​ ​recipient​ ​of​ ​an​ crypto ​airdrop often​ ​the​ ​only​ ​requirement​ ​is​ ​that​ ​you​ ​have​ ​coins from the relevant blockchain stored​ ​in​ ​your​ ​wallet.

Other crypto airdrops require social media posts or you need to contact a member of the team on the Bitcointalk forum. These projects use an airdrop as a marketing campaign.

The​ ​format​ ​of​ ​these​ crypto ​giveaways​ ​is​ ​usually​ ​like​ ​this:​ ​At​ ​a​ ​pre-announced​ ​time​ ​the​ ​project​ ​behind the​ ​event​ ​will​ ​take​ ​a​ ​”snapshot” ​of​ ​the​ ​blockchain,​ ​and​ ​anyone​ ​holding​ ​Ether or Bitcoin​ ​at​ ​that​ ​point​ ​will​ ​receive​ ​a certain number​ ​of​ ​free​ ​tokens.​ ​This can also be done on other blockchains, but Ethereum and Bitcoin are the most used for this airdrop format.

Another possible way to get free crypto is a faucet. This means you get a small amount of free crypto for a longer period of time.

How do I get free crypto?

Every airdrop has a different set of rules. We suggest you make a Bitcointalk forum account to be able to apply for the airdrops that require contacting a team member (usually PM). Ethereum Dark airdrop is a good example for this format. Every person that wanted to apply for this ETHd airdrop had to PM the developer with his ETHd address to get the tokens. “Newbies” on the forum are often rejected for new airdrops, so we suggest you post once in a while to get a higher rank.

Some new airdrops require retweets on Twitter, usually you need a minimum amount of followers. Make sure you have active social media accounts to be eligible for these free crypto tokens.

Check your wallets regularly to see if you received surprise airdrops. Platforms like Waves or Komodo have delivered airdrops for Waves or Komodo holders without any announcement. If​ ​you​ ​are​ ​an​ ​investor​ ​holding​ ​a​ ​diverse​ ​portfolio​ ​of​ ​coins​ ​you​ ​are​ ​likely​ ​to​​ be receiving​ ​more​ ​and​ ​more free​ crypto ​as​ ​this​ ​concept​ ​keeps​ ​gaining​ ​popularity.

Why do ICO’s give away free tokens?

If you’re not paying for the product, you are the product. With doing an airdrop the project creates awareness about their ICO or token. It brings people to the project that otherwise would not have owned or heard about it. It could lead to token price appreciation, since people value a token they own higher than a token they don’t own. This is called the endowment effect.

Airdrops create a community/network of people who own the tokens. If you would list the token distribution after an ICO in a pie graph, a large part of the pie is still owned by the Dev’s or project. Another large part is owned by people who joined a pre-sale. And a reasonable part is owned by people who invested in the ICO. An airdrop adds an extra slice to the pie and that slice will have the most people in it.

An airdrop also plants a seed. When you look at Coinmarketcap you will see a list of thousand coins. Just on page one you can see 100 coins listed. However if you have or had a coin that name is still in your brain. The seed is planted and whenever you check Coinmarketcap and scroll down, the name of the free e-Coin will jump out and people will check how it is doing. If they see an article that the free e-Token is doing well or bad, they are more likely to click it if they own it or previously have owned it. It’s just like advertising!

Looking​ ​forward,​ ​possible​ crypto ​airdrop​ ​developments​ ​could​ ​be​ ​projects​ ​starting​ ​to​ ​gift​ ​tokens​ ​to​ ​users​ ​who hold​ ​tokens​ ​in​ ​projects​ ​that​ ​overlap​ ​or​ ​have​ ​some​ ​synergy​ ​with​ ​their​ ​own.​ ​We​ ​could​ ​also​ ​see​ ​projects encouraging​ ​other​ ​projects​ ​to​ ​airdrop​ ​to​ ​their​ ​token​ ​owners​ ​and​ ​receiving​ ​some​ ​benefit​ ​in​ ​return. Like we already see happening at the Ethereum, Waves, NXT & Komodo platforms.

Where do I sell my airdrops?

So now you have free crypto, what do you do? Many coins that do airdrops are PRE-ICO or just finished their ICO. This often means it is not traded yet on the bigger exchanges. You can check out our exchange page to see where you can best sell your crypto airdrops. E.g: Cryptopia (http://bit.ly/2H1pcjZ), HitBTC (http://bit.ly/2HAYmAb)

We suggest you make an account at all exchanges we listed so you can easily sell and receive your crypto airdrops.

We hope you receive as many airdrops as possible and that they increase in value over time. Many projects that are now top 40 coins have done airdrops in their early stages, like NEM, DECRED & Ripple. You don’t need to immediatly sell your free crypto, there is nothing wrong with being a HODLer.

“Collection from AirdropAlert”

 

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