Crypto airdrop is a marketing strategy used by blockchain-based projects to give free tokens or coins to many wallet addresses. The main purpose is to get attention, increase the user base, and give tokens to early adopters or existing holders. Airdrop can be used to promote new projects, give rewards to loyal users, or distribute tokens from a hard fork.
Types of Airdrops
1. Standard Airdrop:
Description: Tokens are distributed for free to many wallet addresses, usually only requiring minimal action such as registering or following a project on social media.
Example: Airdrop token $UNI from Uniswap in September 2020 for users who have already used the platform.
2. Airdrop Bounty:
Description: Users get tokens in return for doing certain tasks such as promoting projects on social media, writing articles, or creating content.
Example: Airdrop BitTorrent (BTT) which includes the task of sharing posts on social media and inviting friends.
3. Holder Airdrop
Description: Tokens are distributed to certain crypto holders. The amount received corresponds to the amount of crypto held.
Example: Airdrop Spark (FLR) for XRP holders, where XRP holders get FLR tokens based on the amount of XRP they hold.
4. Exclusive Airdrop:
Description: Tokens are distributed to certain user groups based on specific criteria, such as being early adopters or loyal community members.
Example: 1INCH token airdrop that rewards early users from the 1inch decentralized exchange.
5. Airdrop Fork:
Description: Occurs when the blockchain splits into two separate chains (hard fork), and holders of the original chain get the equivalent number of tokens on the new chain.
Example: Bitcoin Cash (BCH) was airdropped to Bitcoin (BTC) holders after the 2017 Bitcoin fork.
Examples of Successful Airdrops
1. Airdrop Uniswap (UNI):
Details: In September 2020, Uniswap gave away 400 UNI tokens to anyone who had used the platform before a certain date.
Results: Many recipients received tokens worth thousands of dollars, greatly increasing the user base and loyalty of the platform.
2. Airdrop Stellar (XLM):
Details: Stellar held several large airdrops, including one in collaboration with Blockchain.com, giving away $125 million worth of XLM tokens to their wallet users.
Results: This airdrop helps increase awareness and adoption of the Stellar network.
3. Airdrop Fork Bitcoin Cash (BCH):
Details: In August 2017, Bitcoin Cash was created from the Bitcoin hard fork, and BTC holders received an equivalent amount of BCH.
Result: This event increased the number of BCH users and really increased the presence of Bitcoin Cash on the market.
4. Airdrop $NOT
Detail: The NOT airdrop will be held on January 15 2023. At first this airdrop seemed doubtful, because to get points we only need to tap our cellphone screen in the Notcoin application, but who would have thought that there were so many people enthusiastic about this Airdrop that in the end it was NOT listed in almost all CEX in the world.Results: This airdrop helps increase awareness and adoption of the TON network.
Strategies for Searching and Following Airdrops
1. Join a Crypto Community:
Action: Join crypto forums, Telegram groups, and follow social media accounts that specifically discuss airdrops.
Benefits: Stay updated on the latest airdrop opportunities and get timely notifications.
2. Pake Website Aggregator Airdrop:
Action: Regularly check websites like AirdropAlert, AirdropBob, and the airdrop section on CoinMarketCap.
Benefit: Access the complete list of airdrops that are still running and will come.
3. Follow Projects and Exchange:
Action: Follow blockchain projects and crypto exchanges on social media and sign up for their newsletters.
Benefits: Be the first to know about exclusive and public airdrops.
4. Join the Bounty Program:
Action: Join the bounty program by doing tasks such as sharing content, writing articles, or inviting friends.
Benefits: Earn tokens by contributing to the promotion and growth of the project.
5. Meet Eligible Conditions:
Action: Hold crypto that meets the requirements or meets the specific criteria determined by the airdrop. Benefits: Ensures that you get an airdrop intended for certain holders or community members.
By using this strategy, you can maximize your chances of participating in valuable airdrops and perhaps get early access to promising blockchain projects.
Risk Disclaimer: Crypto currency prices are subject to market risk and high price volatility. You should only invest in products you are familiar with and understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial advisor before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invest. You are solely responsible for your investment decisions.