Crypto or cryptocurrency began in 2009, with Bitcoin being the very first cryptocurrency. Over time, it has become a remarkable force in the global financial ecosystem. According to triple-a.io, as of 2024, 562 million people own crypto, which is 6.8% of the global population, proving cryptocurrency’s popularity. Those who are new in this industry must know about crypto airdrops. It can compensat for cryptocurrency for participants. Right now, we might not be making any sense. But after reading this complete blog, you will not only understand crypto air drop but understand how to use it.
Explaining Crypto Airdrop
Cryptocurrency airdrop is a marketing activity generally performed by blockchain technology-based startups to bootstrap a virtual currency project. In this activity, virtual currencies are sent to the wallets of active members in the blockchain community in small amounts. It can be for free or in exchange for services, like retweeting a post shared by the startup. An airdrop is performed to spread awareness about the project and attract people to use the currency for trading.
Types Of Crypto Airdrops Unveiled
There can be different types of crypto air drops depending on the reason one receives them. The most common is traditional airdrop, also known as free crypto airdrop, which involves distributing cryptocurrencies for free. Here are the 5 other major types of airdrops. Learn about them, and you will be able to get the best airdrops.
Standard Airdrop
People share their valid wallet addresses in a standard airdrop to show their interest and receive crypto. Standard airdrops generally have a fixed amount of tokens, which is why some of them are time-sensitive. Due to this reason, users need to drain their airdrop amount quickly.
Bounty Airdrop
When people perform tasks like following social media accounts or joining a social media group and receive crypto airdrops in exchange for them, it’s called a bounty airdrop. Sometimes, users earn points to complete tasks equal to the airdrop amount. One might also face the situation of earning a specific amount of points to receive a cryptocurrency airdrop.
Holder Airdrop
Holder airdrops appear automatically based on how many cryptocurrencies someone is holding. A community-wide snapshot of user wallets is taken at a specific time. Those who meet the criteria receive holder airdrops. The downside of this airdrop is that it will be sent to an individual even if they don’t need it.
Exclusive Airdrop
An Exclusive Airdrop is a crypto airdrop given to a selected group of individuals for participating in a project. It is typically given to early supporters or loyal community members, but even individuals with no tokens can receive them.
Raffle Airdrop
A raffle crypto air drop occurs when several interested individuals cross the number of airdrops offered by the issuing company. In a raffle airdrop, a limited number of wallets are randomly selected to offer this airdrop.
The Process Of Crypto Airdrop
From the above section, you have learned about different types of airdrops, including free crypto airdrops. This is the final section of this blog and will describe the process of distributing airdrops.
Step 1: Deciding The Need Of Airdrop
The process begins by deciding why the company will offer airdrops. This could be a marketing strategy, a hard fork in the current network, or an incentive offer to investors. The company also determines how the airdrop will be facilitated and who will receive it.
Step 2: Launching Public Campaign
The next step in the crypto airdrop process involves launching a campaign. This includes compiling information from interested people. Generally, the airdrop issuing company collects wallet addresses of interesting individuals; however, it might also gather email addresses to grow the contact list.
Step 3: Facilitating the Airdrop
At last, the company facilitates the airdrops through smart contracts. It’s a self-executing program that automatically transfers the tokens from the company’s treasury wallet. The company often publicises the transaction of airdrop to showcase its equitability.
Your Gateway to Free Tokens
Whether free crypto airdrops or other types of airdrops, they help the issuing company grow its awareness and increase liquidity. Here, we learn about different cryptocurrency airdrops. According to airdrops.io, the best airdrops currently are Derby Race, Hi PIN by PIN AI, Evermoon, Sake Finance, etc.
