Crypto airdrops are simply the transmission of digital assets like cryptocurrencies to various wallets for the purpose of promotion is called a crypto airdrop. Usually, a crypto development team sends airdrops to people who can be potential users of their currency, and they will invest in their project. So, it’s nothing but a promotional strategy.
How do Crypto Airdrops work?
As I mentioned that crypto airdrops are cryptocurrencies that er given to present or potential users of the cryptocurrencies. Now, the airdrops are given for the sole purpose of promoting cryptocurrencies. You have already known that when a new cryptocurrency launches, most people don’t know about them, and if they do, most of them don’t see the benefit, and they don’t invest in them. So, here’s come airdrop. The crypto team finds all the potential users of their platform by considering various factors and offers them free crypto so that they can make the currency familiar to people and marketize them.
However, it is also a fact that many other platforms offer free crypto as a form of the airdrop. But here’s the catch, they don’t do that for no reason. They will give you tasks so that they can promote their cryptocurrencies. For example, a platform where you have to sign in and will ask you to promote their cryptos on various social media platforms, and as a reward, they will give you crypto airdrops. It is one of the best strategies to market crypto, and people are also using this strategy.
However, to get the airdrop, the most important thing is that you will need a digital wallet. That is because that’s where they will send you airdrop. All the airdrop platforms will ask you about your crypto wallet address so that they can send you the airdrop.
What Are the Types of Crypto Airdrops?
There are four major types of crypto airdrops available, and those are:
Holder Airdrop
People who already have a certain number of cryptocurrencies in their wallets are eligible for this airdrop. They will receive daily basis of airdrops on their wallet. But they have to give a snapshot of their wallet to the team so that they can monitor and see if your account is eligible for the airdrop or not/.
Bounty Airdrop
You have to complete some tasks that are given to the airdrop team so that you can receive this airdrop. The airdrop team will ask you to share your project on social media like Facebook, Instagram, Twitter, and other platforms. When you are done, you have to fill up a file using your wallet address. And then you will receive your airdrop.
Standard Airdrop
It is done by existing crypto projects that already have a good number of users. But they still promote their crypto so that more people can use their crypto and invest in them. So, they will consider various factors and send an airdrop if they think you can be the potential user of their project. You just have to sign in with your wallet address, and you will receive airdrops. But you will receive the airdrop if they think you are the potential user of that project.
Executive Airdrop
This airdrop is only for those people who were part of the project and had a history with the project. And that’s why the team sends them the airdrop.