What is Crypto Airdrop?
Airdrop is a marketing strategy that
involves sending coins or tokens to an address. We can do this
compare with leaving leaflets on the cars of a parking lot,
It’s just that the winners of a leaflet can’t sell that flyer because he
It has no value to other people. On the other hand, the winners
crypto airdropa can sell its prize on some
a decentralized or centralized exchange office for one of the most
cryptocurrency, and then cash the resulting amount on say
cryptomatic ATM. In most cases, the value of the obtained
airdropa is almost non-existent, but there is a small percentage of airdrops
which pays off multipletimes. For example, one of the most famous
decentralized exchange office Uniswap, is its own coin exchange
they decided to donate to early users of their services such as
providing liquidity or replacing coins on their exchange.
Users received 400 UNI that at the time of writing this blog
worth just over $2,600, which is not at all small. If the puck
let’s look at how valuable these coins were at the peak of the UNI price, we come to the figure of $ 18,000. By analyzing these data
We know that it is worth while participating in the most.
the number of airdrops in the hope of finding the one that will financially
reward.
The most famous Crypto Airdrop
Very likely unexpected data, but the biggest airdrop so far
The state of El Salvador. When declaring bitcoin
El Salvador’s legal tender has decided on citizens who
take over the government’s official wallet to send, i.e. airdropati, 30
dollar value of bitcoin.
How to participate in Crypto Airdrop?
The question you’re all asking yourself now is how to participate in one of the
the incoming airdrops. It is important to note that no one is sure.
can’t claim how to qualify for an airdrop, but are airdrops
“mysterious” that is, we do not know who will make the airdrop and who will
to be qualified. There are some conditions that have been necessary in the past for
entering the airdrop, so we are guided by them for future airdrops. In the
In most cases, the best way is to find different
decentralized applications that could potentially make their own
coin or token, because it can be useful for users of that application.
After you find a decentralized application that does not yet have its own
coin/token is necessary to use as much as possible some of the capabilities that this
The app offers. For example, if it is a decentralized
exchanges you should try to replace some coins/tokens
using their exchange office. Transactions will be saved
on the blockchain, and when and if the exchange decides to airdrop will see
that you were one of the active users and thus became
qualified for airdrop.
Why do Decentralized Apps work on Airdrops?
The answer to the above question is first and foremost excellent marketing.
Creating a coin or token in itself exposes some decentralized
the app and its product, because they stand out from others, but if that
coin/token distributed to existing users they will be inclined to
additionally note your application in front of other people, this
it leads to even greater exposure to your product. This leads to new
users, and new users to higher earnings, thus higher prices
coins/tokens. Another reason is the possibilities that newly created
coin/token offers. For example, all users of some X decentralized
exchange offices pay a commission of 0.5% when exchanging coins on that
exchange offices. On the other hand, all users who own a token
exchange offices will pay a commission of only 0.25%. In this way
decentralized exchange office can offer slightly lower commissions in
to others, without reducing their profits.
Risks of Crypto Airdrops
When we talk about this topic, it is important to note that there is a great
a problem that arose in parallel with the appearance of crypto airdrops. Runs
There are many scams in which fraudsters claim that you are the one who
winner of the latest airdrop. The only problem that arises is that
to receive the prize, it is necessary to log in with a password and a private
The keys to your wallet. After you have done the requested
you notice that no new tokens have appeared in your
wallet, and a little later you lose access because you are “hacked”. In fact
you have not been hacked, but have provided your wallet login information
scammers. For this reason, it is important to check everything beforehand.
than you are applying to collect the prize. Simply
Look at e.g. Twitter profile, if on the official profile of the application
there is no information about airdrop very likely it is about
Trick. Another important thing to note is that no one will
search for the twelve or twenty-four words you have written down for recovery
wallet, if you lose access, and if someone asks you for the same, immediately
You know you’ve been cheated.
Benefits of Crypto Airdrop
The first and basic advantage of crypto airdrops compared to others
The way to create coins/tokens is to make airdrop more equal
Timetables. The traditional method of placing coins/tokens on
the free market leads to the fact that individuals who have a greater
the amount of capital they buy larger amounts of coin offerings. On the other hand
the offer is distributed to all users, and this leads to
It’s a bit more common, given that all users
receive an equal amount of coins/tokens. The second advantage is
The uniqueness that the project accomplishes after the airdrop. There are numerous
decentralized applications (large competition), but those that have
The tokens have a kind of originality. They are able to
offer some special services to individuals who own their coin
and thus attract a larger number of users, because they are simply better than
competition in some aspect of their business. Another advantage
It’s a reward for the early users of the app who used it while it was still
She was in development. Early users are often a source of information for developers
about defects that need to be repaired, that is, they use
an application with numerous shortcomings, so it is understandable to reward them.
Disadvantages of Crypto Airdopa
The big drawback of airdrops is rewarding in the simplest terms
users instead of developers. A developer who is trying to improve
the project should be a priority when distributing the newly created
in relation to users, however, often the situation is different because
for the expansion of the project’s business to better reward users for
the marketing effect. We have already mentioned a number of scams that
This is due to the appearance of airdrops, but this problem is easily bypassed
Check the airdrop data correctly. Another disadvantage that
There is a lack of liquidity in the project.
the moment of the creation of the token. This leads to a huge drop in price, and
it often turns out that the token, just a few days after creation,
almost worthless.
Conclusion
Crypto airdrop is a great method for projects and companies to attract
attention to your product, highlight some of its peculiarities and offers
Something they do better than other projects. We looked at some
of the risks associated with airdrops, we have listed some advantages, but also
disadvantages of airdrops. What we are interested in is your opinion on
airdrops, and have you ever participated in anyone before. Herein
you can write to us on social networks (Instagram, Twitter).