The question must have come to your mind what is crypto airdrop? Okay, all your doubts will be clear here. And you will also able to earn some money just by participating in airdrops or bounty programs.
What is Crypto Airdrop?
Many crypto companies distribute free coins to their communities to increase the visibility of their projects, increase circulation supply and encourage trade. These free distributions are called airdrops.
Most of the airdrops we present are “opening” drops, which will reward you with tokens for completing social media tasks (joining their telegram group, reposting on Twitter, etc.). This offer creates a win-win scenario because the company gets free marketing and you get free crypto. Other wind currents will reward you for simply keeping a certain currency without expecting any mutual consideration.
How do we claim New Airdrops?
The claim process differs from project to project. Some “holder drops” will automatically drop tokens into users’ wallets of owners of a particular currency. Other projects are snapshot-based, and can only be claimed by users who have the tokens required during the snapshot, which is a record of token holders taken at specific times/blocks.
An example of the Holder AirDrop is Bitbat, which was initially distributed to JulD holders. They airdrop the monthly amount of bytes into the wallet holders’ wallets in proportion to the amount of JulD during the drop. These types of drops can create excitement that often leads to significant price action for a particular currency.
You will probably need active accounts on social media such as Facebook, Twitter, and Telegram to participate in the favored airdrops. For most grace drops you need to join a telegram group and share posts on Facebook and Twitter. After completing the prize-saving steps, you’ll often need to fill out a form with your username and wallet address.
What are hard forks?
A hard fork when a cryptocurrency splits into two separate currencies. The first hard fork was Bitcoin Cash which split from Bitcoin in Block # 478,558 on August 1, 2017 Since then Bitcoin forks and other chains forks have become popular. We list hard forks for the most informative purposes, but that’s also because we see them as dividends and resemble an airdrop. We can’t verify the safety or validity of hard forks, so always be careful and make sure to claim the forks with the private key of the empty wallet.