A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and to control the creation of new units.
Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
Bitcoin became the first decentralized cryptocurrency in 2009.
Since then, numerous cryptocurrencies have been created.
These are frequently called altcoins, as a blend of bitcoin alternative.*
A crypto currency airdrop is when a blockchain project distributes free tokens or coins to the "crypto community".
The value of an airdrop varies greatly between 0,10 dollar and several hundred dollars.
The tokens / coins you got from an airdrop can be exchanged via crypto-exchanges for Bitcoin or Ethereum or other crypto currencies, or you can exchange it for fiat (euros/dollars) and have it deposited into a bank account.
We strive to keep our website free of scam projects.
Our team examines every project and each coin we list.
However it is still possible we miss a scam project.
Recently some projects changed their google form asking for private keys after we list them on our website.
Help us to keep the site clean and prevent other people to be a victim of a scam, you can contact us true the contact page on our website.
Every airdrop has a different set of rules.
Currently new airdrops require retweets on Twitter, usually you need a minimum amount of followers. Make sure you have active social media accounts to be eligible for these free crypto tokens.
Most airdrops of today require to join their Telegram group so make sure to download the Telegram app.
Other possible requirements are:
Check your wallets regularly to see if you received surprise airdrops. Platforms like Waves or Komodo have delivered airdrops for Waves or Komodo holders without any announcement.
If you are an investor holding a diverse portfolio of coins you are likely to be receiving more and more free crypto as this concept keeps gaining popularity.
If you're not paying for the product, you
are the product. With doing an airdrop the project creates awareness about their ICO or token. It brings people to the project that otherwise would not have owned or heard about it. It could lead to token price appreciation, since people value a token they own higher than a token they don't own. This is called the endowment effect.
Airdrops create a community/network of people who own the tokens. If you would list the token distribution after an ICO in a pie graph, a large part of the pie is still owned by the Dev's or project. Another large part is owned by people who joined a pre-sale. And a reasonable part is owned by people who invested in the ICO. An airdrop adds an extra slice to the pie and that slice will have the most people in it.
An airdrop also plants a seed. When you look at Coinmarketcap you will see a list of thousand coins. Just on page one you can see 100 coins listed. However if you have or had a coin that name is still in your brain. The seed is planted and whenever you check Coinmarketcap and scroll down, the name of the free e-Coin will jump out and people will check how it is doing. If they see an article that the free e-Token is doing well or bad, they are more likely to click it if they own it or previously have owned it. It's just like advertising!
Looking forward, possible crypto airdrop developments could be projects starting to gift tokens to users who hold tokens in projects that overlap or have some synergy with their own. We could also see projects encouraging other projects to airdrop to their token owners and receiving some benefit in return. Like we already see happening at the Ethereum, Waves, NXT & Komodo platforms.
Recommended exchanges to sell your received Airdrops for Bitcoin or Ethereum
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