What is Airdrop?
How to get free Cryptocurrency?
Money cannot reach you out of nowhere, but crypto can!
Has it ever occurred to you that one day you check your
wallet balance and see that a number of tokens have been added out of nowhere?
What is the first thing that comes to your mind?
Introduction to the concept of Airdrop
In the past, when wars or natural disasters broke out, the first aid, food, medicine, or weapons were dropped from planes or helicopters as aid boxes with Parachute on people in need. But in the world of
cryptocurrencies, the concept of Airdrop is different. In fact, when we talk
about Airdrop in digital currencies, we mean a kind of marketing for digital
currencies. The purpose of creating an Airdrop is not to invest or make a
profit.
To clarify the concept of Airdrop in the field of
cryptocurrencies, we will give you an example. Suppose you are informed by a
friend, colleague, or a social network that you will receive some free digital
currency in exchange for a series of simple tasks. If this is true,
why not do it?! Probably everyone is encouraged to get some free cryptocurrency
by doing a few simple things. This is exactly what an Airdrop provider or
company is looking for, that is, introducing themselves (it can be a wallet, an
exchange office, a token, etc.) to more people at a lower cost.
The purpose of offering a variety of Airdrops
Airdrops are more commonly known as tokens or coins, but the fact is that Airdrops are used for other purposes that we will tell you.
Introducing a new cryptocurrency (ICO)
The initial coin or coin width in the crypto market is
known by the ICO, which stands for Initial Coin Offering. Providers can market with
the help of Airdrop to better introduce the coins they are about to offer by
distributing a percentage of the coins to the public for free, and instead
asking them to do something about earning the coins.
Introducing a new exchange
Founders of exchange offices or brokerages also sometimes
expand their users to introduce their newly established exchange by encouraging
users with granting free coins or credit, etc,.
Data collection
Other uses for Airdrops include collecting information
through survey forms and the like. Using Airdrop is one of the ways to persuade
users to fill out forms. Today, few people have the time and patience to fill
out forms on the Internet unless they earn something in return.
Of course, this will also benefit the person or institution
providing the forms, as they will be able to obtain information about users at
a lower cost, which can help them make decisions and grow their business.
Introducing a new wallet
Sometimes a person, group or an exchange office creates a
new wallet and Airdrops are one of the best and most cost-effective ways to
introduce your wallet.
Time to do forks
In the network of any cryptocurrency, a set of rules are
established by the programmers of that digital currency that are fixed. When
there is a need to change these rules for any reason, since it is not possible
to change, a branch is created from that network called Fork.
Simply put, the main cryptographic network program forms a
branched cryptographic program by making changes.
In fact, they get help from Airdrop to introduce their new
product.
The difference between initial coin offering (ICO) and airdrop
The initial public offering of digital currency and Airdrop have similarities. In fact, some airdrops can be considered as a kind of free digital currency initial public offering. However, the initial public offering differs from Airdrop in that participation is more sensitive and requires more knowledge and awareness from participants. However, many non-professional users, with any level of knowledge related to this field, can also earn money from Airdrop, so be sure to keep this difference in mind.
Airdrop strengths and weaknesses
In general, the concept of earning money from Airdrop has various strengths and weaknesses, which we will mention below:
Strengths
·
Receive currency code
without any investment
·
They are completely free
(if you are asked for some money in an Airdrop, it is probably a scam project)
·
Profit from the
fluctuations of those cryptocurrencies in the market, if you are familiar with
the principles of digital currency trading.
The weak points
·
About 50% of Airdrops are
scam projects (My whole focus in introducing Airdrops is to introduce more credible Airdrops
to my readers).
·
Most cryptocurrencies that
are given to users as gifts are not very valuable dollars-wise at the moment.
·
There are a number of ways
to make money from Airdrop in the form of a lottery, and they may not win a
prize despite doing all the work requested by users.
Airdrop
projects with fraudulent intentions
It
is true that earning money from Airdrop is mostly done for free, but that is
not the reason why all of them are profitable. In many cases, it has been
observed that tasks that are part of the requirements of Airdrop are not worth
the value of the prize token at all, or in some cases, users are asked to pay a
fee to participate in Airdrop. (scam alert!)
In
fact, when we understand the concept of earning money from Airdrop exactly, we
can naturally understand to a large extent the nature of these projects. But
from time to time, scammers have come up with creative ways to mold their fake Airdrops
to uninformed users for a variety of purposes. So it's very important what
source you choose the Airdrops from!
1.
Pump & DUMP Airdrop
Pump and dump air drains are very
professional. Everything seems right to them. Even their tokens or coins are
well distributed. But as soon as their new digital currency enters the digital
currency market and is welcomed by the public, distributors sell most of their
tokens or coins in a short period of time. After this bulk sale, distributors
disappear, like the squid game airdrop that made a lot of fuss recently. Basically,
by placing such coins in the market, the pump (sudden increase in
price) and its bulk sale by distributors is called dump (sudden decrease in
price). Note that in order to identify the pump and dump, you must carefully check all
the angles of the airdrop. See if the project development team has an
acceptable track record. Also see if the cipher goals of the project can be
grown; many of cryptocurrencies are marketed for absurd and useless purposes.
During airdrops, distributors typically gain
access to some of the user's personal information, such as email addresses,
user's account IDs on social networks, and through which they can sell users'
personal information to others for advertising or fraudulent purposes. Of
course, if these people have access to more user information, they can launch a
phishing attack and hack into people's accounts. So never give out too much
personal information to monetization or airdrop projects.
3.
Dusting Attack
With the development of blockchain networks like Ethereum, creating a new digital currency will not be as difficult as before, and different people will be able to implement their cryptocurrencies on the Ethereum network platform in a short time. Therefore, there will be the possibility of fraud in the distribution of new cryptocurrencies. It has been observed that fraudsters deposit a small amount of their counterfeit currency password into the digital currency wallet of various users and thus obtain their public key. As a result, with the public key, they are able to explore the wallet's blockchain to access the assets in the users wallet. Basically, if the assets in the wallets are a significant amount, they are used to hack it. But if they do not have a lot of money in their wallets, they will become careless. Therefore, to avoid duster attacks, it is better to consider a wallet with a small amount of assets to receive airdrops. Never use your original wallet for this purpose.
4.
Airdrop receives
users' private keys
Some fraudulent Airdrop projects ask users
for a private key (wallet recovery words) while filling out Airdrop form. If
you see something like this, do not doubt that it is a scam project.
Because distributors only need the public key (token receiving address) to send
you the token. Releasing a private key means that you have personally allowed
others to access your wallet, and if that happens, you have no choice but to
sit and watch your property being stolen!
Types of Airdrops
Airdrops can be divided into three categories: Bounty,
Standard and Holder.
Bounty Airdrops give you free tokens in
exchange for retweeting, subscribing to the Telegram channel, and the like.
Standard Airdrops will give you some coins or
tokens if you register and register on a website.
Holder Airdrops will also send you some
tokens if you have a certain amount of currency, such as Bitcoin or any other
crypto, in your digital wallet for a certain period of time.
Tools needed to get Airdrop
1-
Digital wallet
You need a wallet that is compatible with that Airdrop
network to participate and receive Airdrops, most of the Airdrops offered are
compatible with Ethereum or Binance SmartChain.
Another thing about a wallet suitable for receiving Airdrop
is that this wallet must be active, meaning that you did not prepare and
install it just to receive Airdrop. For this purpose, you must use the wallet
address when registering Airdrop, which has real balance and transactions.
Of course, in cases where Airdrop has been introduced to
introduce a new wallet, this problem will be solved.
Always remember not to share your digital wallet
recovery words with anyone under any circumstances. Another thing to keep in
mind is that Airdrops are basically completely free, so if you come across Airdrop
that has asked you for money under any heading such as transfer fee, etc., be
sure that Airdrop is scam.
2-
Social Media accounts
Membership in the Telegram and Twitter channels is often
seen among the steps required to receive Airdrop. In many cases, in addition to
following a Twitter account, you will be asked to retweet a tweet and for
example, tag 3 of your friends. This is in line with the original goal of Airdrop
providers, which is to introduce their product as much as possible.
Tip 1: Remember that the Twitter account you use
to participate in Airdrop should not be newly created and should have a number
of posts, followers and followings.
Tip 2: You also need a Medium, Discord, Reddit,
Facebook, Email and Youtube account to participate in some Airdrops.
Steps to get Airdrop
In the first step, the Airdrop provider will ask you to do
something. For example, retweeting a specific tweet, subscribing to the
Telegram channel and etc.
You will then be asked for your wallet address. Note that
the process for receiving all airdrops is not the same, but by doing several
different airdrops, no ambiguity remains for you.
After doing what you were asked to do and of course sending
the address of your wallet, if it was possible to use the referral code for
that airdrop, you can also use this opportunity to increase your prize tokens
as much as possible. In this way, after performing the necessary activities, a
code or an address will be provided to you, and if a person uses that code or
address to register, you will also be awarded a point as a representative, because
You have taken a step towards the goal of the institution that intends to
introduce itself, so you deserve a reward.
Now the job is done and you just have to wait for your
coins to be sent to your wallet.
Tip 1: Use all your care when performing the Airdrop
steps to complete the tasks correctly, otherwise bonus tokens will not be
credited to your account.
Tip 2: Most airdrops have a specific expiration
date and distribution date that you will be notified of when registering. So we
recommend that you write down these dates.
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