What is a crypto airdrop and how does it work?

What is a crypto airdrop and how does it work?

Crypto airdrops are a marketing strategy used by startups to give tokens to existing cryptocurrency traders for free or in exchange for minimal promotional work. For most crypto investors, there is nothing more important than making a return on their investment. Thanks to the volatility, this can be done quickly or it can be a hugely difficult task. That's why crypto airdrops are an inexpensive way to make additional returns on your portfolio. After all, airdrop tokens are free and never hurt, right?Almost daily there are new crypto airdrops, with some easier to obtain than others. Not....


Related News

Gas DAO Project Forms to Airdrop Tokens to Ethereum Users That Spent $1,559 i...

A new type of airdrop has been very popular during the last quarter of 2021 as quickly assembled decentralized autonomous organizations (DAOs) have been distributing lots of value to existing crypto users. Just recently, Opendao gave Opensea users an airdrop and many people accrued thousands of dollars in SOS tokens. Now, another project called Gas DAO is airdropping tokens to any wallet that’s paid more than $1,559 in ether gas fees before December 26. Gas DAO Airdrops Tokens to Users That Spent $1,559 in Ether Fees Before the Snapshot A lot of projects this year have created....

Auroracoin Airdrop: Flop?

Auracoin Airdrop. The Auroracoin Airdrop took place on March 25th with the result in line with what was predicted byCryptoCoinsNews - A dramatic price drop. The Auroracoin Airdrop was a method of distributing 10.5 million Auroracoins to about 330,000 Icelanders or 31.8 Aurorcoins each. In some ways, the idea is quite good. Crypto coins could operate as a national currency. If they did, we would see how adoption by a nation could cause greater stability in price and also greatly increase the value of the coins. As such Auroracoin gained much popularity, and at one point its' market cap was....

Ukraine cancels token airdrop, reveals new NFT plans

Ukraine has received nearly $40 million in crypto donations, out of which almost $7 million came after the announcement of the now-canceled airdrop. The vice prime minister of Ukraine informed the public on Wednesday that they have decided to cancel the airdrop for crypto donors that was announced on Tuesday and plans to raise more money through the sale of nonfungible tokens (NFTs) instead.After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the agression. Instead, we will announce NFTs to support....

Missed Aptos? Here Are 5 Projects That May Airdrop

In the past couple of days, the mainnet launch of the Aptos blockchain and the accompanying airdrop made big waves in the crypto space. While the long-unknown tokenomics and token distribution have sparked a lot of controversy, airdrop beneficiaries have been able to enjoy free crypto. You missed the APT airdrop from Aptos and are now upset about it? Don’t worry. There are no less than 5 very promising projects that could be doing an airdrop in the coming weeks and months. We’ll tell you which projects these are and what you should do to possibly be eligible for the airdrop.....

AOFEX Rolls out “OT Airdrop Program” and Gives away 120,000 OT at Phase 1

AOFEX will launch its “OT Airdrop Program” at 15:00, November 4, 2021, which is designed to build a closer connection with users, enable all OT holders to enjoy blockchain value, explore more application scenarios, contribute to the development of the blockchain industry, and realize mutual benefits. In “OT Airdrop Program” Phase 1 AOFEX will give […]