What Is Airdrop? 5 Steps Guide To Receive Free Tokens
While it may appear to be easy to understand, the world of cryptocurrency can start getting complex as you delve deeper into it. There has been considerable development in the cryptocurrency market, we have heard about ICO, DAICO, and yet another crypto event that is gaining popularity is Airdrop. In this blog, we will focus on Airdrop and how you can achieve free crypto tokens.
Exploring more about Airdrop
There has been a considerable rise in the popularity of cryptocurrency. Many people are now participating in ICOs, but this number is still limited to a handful of people. With an aim to generate maximum awareness and generate maximum participation, we have events like Airdrop, where free tokens are distributed. These free coins can be easily exchanged with Bitcoin, Ethereum, or Litecoin and other cryptocurrencies.
ICOs have adopted a smart way to generate awareness. Instead of spending heavily on the advertisement, the ICO project focuses on the Blockchain of an established token to gather up people who have a coin in their wallet. The ICO distributes their own free spins in proportion to the number of coins in its digital wallet.
To become a part of an Airdrop, you can register on the website of an emerging Blockchain project and fill in the details.
How to Find Airdrops?
The next most important question that pops up is how you will find Airdrop? Well, the answer is pretty simple, to become a beneficiary of Airdrop, you have to register yourself on such portals, or else you can have some tools; here is a list of things that you must have:
1. Ethereum Wallet- You would need an Ethereum wallet with a personal address, and it must be compatible to be a part of all the Airdrops. Most of the tokens that are distributed are ERC20, and they can only be deposited in an Ethereum Wallet.
2. Active Ethereum Wallet- Merely having an Ethereum Wallet won’t do the job; you must be actually using it to receive tokens.
3. A Telegram Account- It becomes a popular medium of interaction in Blockchain projects. The project might require you to have a Telegram account, and you have to follow their account to receive free tokens in Airdrop.
4. Twitter Account- One must also have a Twitter account to receive free tokens in Airdrop.
5. Knowing About An Upcoming Airdrop- By now, you know about what are the qualifying parameters for you to become eligible for Airdrop; the next important question that pops up is how does one get to know about an upcoming Airdrop. Well, there are many websites and online groups where you can find such information. Airdropalert and Icodrops give you the list of upcoming Airdrop events. Here you will also get information like the type of currency that you must have to receive free coins. You can also explore the events on social media.
Conclusion
Yes, there is a probability that you might come across a scam website, but with a bit of chariness and research, you will be able to find a trustworthy Airdrop and filter out the scam websites.
For more such interesting updates regarding Blockchain or to learn more about Blockchain and related events, connect with the Blockchain Council today.
