My note for Crypto Airdrops #airdropguide #airdropguide

Definition: Airdrops distribute free tokens to promote new cryptocurrency or blockchain projects.
Purpose:
- Marketing: Raise awareness.
- Community Building: Engage users.
- Token Distribution: Enhance decentralization.

Types
1. Standard Airdrop: Tokens distributed to wallets meeting specific criteria (e.g., holding another cryptocurrency).
- Example: OmiseGO (OMG) to Ethereum holders in 2017.
2. Bounty Airdrop: Tokens given for specific tasks (e.g., social media promotion).
- Example: Creating content for the project.
3. Holder Airdrop: Distributed to holders of a particular cryptocurrency, proportional to their holdings.
- Example: Stellar (XLM) to Bitcoin holders.
4. Exclusive Airdrop: Given to a select group (e.g., early adopters).
- Example: Uniswap (UNI) to early users.
5. Fork Airdrop: During a blockchain fork, original chain holders receive new chain tokens.
- Example: Bitcoin Cash (BCH) to Bitcoin holders.

Examples
1. Uniswap (UNI): 400 UNI tokens to users before September 1, 2020.
2. Stellar (XLM): 19% of supply distributed, including to Bitcoin holders.
3. Bitcoin Cash (BCH): BCH distributed during the fork to Bitcoin holders.

Strategies to Find and Participate in Airdrops
1. Research and Stay Informed:
- Crypto News Websites: Follow CoinDesk, CoinTelegraph, CryptoSlate.
- Social Media: Track projects and influencers on Twitter, Reddit, Telegram.
2. Join Airdrop Aggregator Websites:
- Sites: Use Airdrop Alert, Airdrops.io, Airdrop King.
3. Community Involvement:
- Forums: Engage in Bitcointalk, Reddit communities.
- Social Media: Follow official project channels.
4. Wallet Preparation:
- ERC-20 Compatible Wallets: Use MetaMask for Ethereum tokens.
- Security: Protect your private keys.
5. Follow Airdrop Instructions Carefully:
- Tasks: Complete tasks (e.g., joining Telegram groups, following social media).
- Verification: Ensure your wallet meets criteria.