What are Airdrops?
Crypto currencies such as Bitcoin or Ethereum have become commonly known over recent years, and there are more and more people wanting to get in on the action. So called ‘Airdrops’ are a way in which anyone can take up this outstanding opportunity!
One receives new Coins free of charge from Airdrops, by doing different tasks on social media. This includes, for example, “liking” a post, or “sharing” an article. An Airdrop will reward you, so to speak, for the fact that you are advertising a new project – a win-win situation for everyone involved.
But one thing you should be aware of beforehand: You don’t get rich overnight with Airdrops!
At first, some preparation is required to participate in an Airdrop. Secondly, it sometimes takes weeks or months to get the coins from an Airdrop. Airdrops are usually performed before the introduction of a new crypto currency. The Airdrops should generate attention for the project and present the corresponding coin to a broad mass. In this context one often hears of the Initial Coin Offering or ICO. The various ICOs usually run for several weeks or months. After completion it takes further time until the corresponding coins from the Airdrop are distributed, and then these can be traded on the different crypto exchanges.
As long as you are aware of the waiting times, you can prepare accordingly, so there is no reason not to take advantage of the opportunities that Airdrops provide. Especially since the value of some Airdrops can reach astronomical heights. The best example is the Ontology Airdrop, which was performed in early 2018. Participants received 1,000 ONT tokens for simply subscribing to the newsletter. The all-time high of the Ontology coin was $10.92, which corresponds to more than $10,000 for 1,000 ONT tokens !
How do you participate in Airdrops?
In the following steps we will take you through all the preparations you should make, if you want to participate in an Airdrop. As already mentioned, these preparations take some time. Then the different Airdrops can be claimed with a few clicks.
Once you have made these preparations, you are ready to participate in a variety of Crypto Airdrops. Sometimes the following additional accounts are needed to participate in further Airdrops: Reddit, LinkedIn, YouTube, Instagram, Bitcointalk, Medium, Discord
Beginner’s Guide to Airdrops: Summary
As the explanations show, a lot of preparation and organization is needed if you want to participate in Airdrops.
However, once the preparations are finished you can quickly and easily participate in new Airdrops – and as the Ontology Airdrops example shows, these can be more than rewarding!
Therefore, Crypto Airdrops are an excellent opportunity if you want to earn money on the Internet or if you want to build your own Crypto Portfolio.