You have probably seen cryptocurrency air drops It cannot be denied that they are one of the most popular trends in the cryptocurrency world right now. Cryptocurrency air drops are free coins.
Cryptocurrency air drops have three groups:
Holder Airdrops
Most of these blockchain projects are built on bigger and more popular blockchains ie. Ethereum. More than 90% of airdrops today are built on the Ethereum blockchain. Projects are rarely built on NEO and Stellar. In order to participate in this type of airdrop, all you need to do is to “hodl” that main cryptocurrency and you will be dropped with the new one.
Forked Airdrops
Sometimes when a blockchain is divided, from that point of time there are 2 different blockchains ie. forks. In this kind of airdrop if you are holding cryptocurrencies from the original chain you will be dropped with the currencies from the new chain in a proportional ratio.
Bounty Airdrops
These kind of airdrops are the most popular today. In order to participate in most cases, you will need to do some social tasks or to register for the website. And since lots of them are built on Ethereum you will need to submit your erc20 compatible wallet address. Social tasks include joining project Telegram groups, following Twitter profiles or liking Facebook pages.
Why are they giving free tokens? Where is the catch?
Airdrops are a great way of promoting the new blockchain project and to increase awareness on various social networks. We all know that a large and healthy community is one of the key factors for a successful blockchain project. So it is no wonder why bounty airdrops are so popular right now.
Are airdrops free tokens for real? What is the catch? Well, nothing is actually free. In order to participate in the bounty airdrops you usually need to invest your time, and in most cases, you will need to provide your name and email.
cryptalks.org #cryptocurrency #botcoin
Cryptocurrency air drops have three groups:
- holder cryptocurrency airdrops
- forked cryptocurrency airdrops
- bounty cryptocurrency airdrops
Holder Airdrops
Most of these blockchain projects are built on bigger and more popular blockchains ie. Ethereum. More than 90% of airdrops today are built on the Ethereum blockchain. Projects are rarely built on NEO and Stellar. In order to participate in this type of airdrop, all you need to do is to “hodl” that main cryptocurrency and you will be dropped with the new one.
Forked Airdrops
Sometimes when a blockchain is divided, from that point of time there are 2 different blockchains ie. forks. In this kind of airdrop if you are holding cryptocurrencies from the original chain you will be dropped with the currencies from the new chain in a proportional ratio.
Bounty Airdrops
These kind of airdrops are the most popular today. In order to participate in most cases, you will need to do some social tasks or to register for the website. And since lots of them are built on Ethereum you will need to submit your erc20 compatible wallet address. Social tasks include joining project Telegram groups, following Twitter profiles or liking Facebook pages.
Why are they giving free tokens? Where is the catch?
Airdrops are a great way of promoting the new blockchain project and to increase awareness on various social networks. We all know that a large and healthy community is one of the key factors for a successful blockchain project. So it is no wonder why bounty airdrops are so popular right now.
Are airdrops free tokens for real? What is the catch? Well, nothing is actually free. In order to participate in the bounty airdrops you usually need to invest your time, and in most cases, you will need to provide your name and email.
cryptalks.org #cryptocurrency #botcoin