If you want to participate in Airdrops, you should first learn what types of Airdrops exist.
Most successful marketing campaigns usually deliver freebies to prospective customers/investors. Well, crypto airdrops are built on a similar concept.
In the ICO space, an airdrop happens whenever a blockchain-based startup delivers free tokens to its potential customers. In the past, many businesses have successfully airdropped their tokens.
There are two types of Airdrops:
- Traditional Airdrops – In the traditional Airdrops, existing holders of a particular blockchain currency, such as Bitcoin or Ethereum, receive free tokens. Projects will reward users for simply holding a specific coin without expecting to get anything back. But, that only means that users don’t have to perform any task to get the coin. However, all projects that opt out for this kind of Airdrops, hope that their tokens are appealing enough to generate hype around the ICO project.
- Bounty Airdrops – which will reward users with free tokens if they complete simple social media tasks (Joining the Telegram group, reposting on Twitter, etc.)
Whatever type of Airdrop you choose to participate in, be sure to first thoroughly research the project that is conducting the Airdrop. There are many scammers out there. What you need to remember is to never, EVER, give out your private key!