Winning Crypto #Airdrops
Ever thought about raising awareness about a new project and increasing its user base? Airdrops can serve as a reward to loyal community members and early adopters.
How it works
Airdrops are generally small amounts of a new cryptocurrency or NFT which are distributed to users. To get an airdrop, you usually so something specified by the distributor. How does this process work?
1. Announcement: The project team announces the airdrop, including details such as eligibility criteria, amount of tokens and the date/time of the airdrop
2. Eligibility: Users need to meet certain criteria
3. Distribution to a wallet
Types of Airdrops
There are several types of crypto airdrops, each with different methods and purposes:
1. Standard: a specific cryptocurrency is doubled or incentivized by another token or currency, e.g. BTC holder got a certain amount of #BitcoinCash
2. Bounty: Users are required to perform specific tasks such as following the project on social media
3. Exclusive Airdrop: Tokens are distributed to a select group of people, e.g. early supporters.