How Airdrops Work
1. **Announcement**:
Projects announce airdrops via social media, forums, or their website.
2. **Eligibility**:
Participants must meet specific criteria like holding certain tokens or completing tasks (e.g., social media shares).
3. **Distribution**:
Tokens are sent directly to eligible wallet addresses.
4. **Verification**:
Participants may need to verify identity or task completion.
~~~Types of Airdrops~~~
1. **Standard Airdrops**:
Distributed to holders of a specific cryptocurrency.
2. **Exclusive Airdrops**:
Given to a select group based on specific criteria.
3.**Holder Airdrops**:
Based on holding a specific token in a wallet.
4. **Bounty Airdrops**:
Rewards for completing promotional tasks.
5. **Hard Fork Airdrops**:
New tokens received after a blockchain splits.
~~ Examples of Airdrops- **Uniswap (UNI)**:
Airdropped 400 UNI tokens to previous platform users.
- **Stellar Lumens (XLM)**:
Distributed tokens to Bitcoin holders and Keybase users.
- **OmiseGO (OMG)**:
Airdropped to early Ethereum holders.
Strategies to Find and Participate in Airdrops
1. **Follow Social Media and Forums**:
Monitor platforms like Twitter, Reddit, and Telegram.
2. **Sign Up for Airdrop Notifications**:
Use sites like AirdropAlert and Airdrops.io.
3. **Join Blockchain Communities**:
Participate in Discord and Bitcointalk forums.
4. **Check Project Websites**:
Regularly visit project sites for announcements.
5. **Meet Eligibility Requirements**:
Ensure your wallet meets criteria like holding specific tokens.6. **Stay Secure**:
Avoid scams by never sharing private keys and verifying announcements.
