What Is A Crypto-Currency Airdrop?

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What is an Airdrop?

An airdrop is when a new project or existing company decides to give away their tokens or coins to the community. In order to quality for most airdrops you will need to complete certain tasks, such as joining their telegram group, registering your email address or liking their twitter page. In return you will be “airdropped” free cryptocurrency for helping promote their project.
 
Most airdrops are given once an ICO has finished or the project has fully launched. This means it can take sometime before we actually physically see our coins. In fact it is completely normal to wait several months before receiving your coins.
 

How To Participate?

The first thing to do when signing up for free airdrops is getting a safe, compatible wallet. As most projects are ERC20 tokens you will need to have a wallet that supports ERC20. I personally use myetherwallet and you can create a free one here. It may also be necessary to download other wallets to collect your coins, this will normally be mentioned when you are completing the airdrop.

Once you have your safe wallet, its time to signup. I recommend checking my personalized list to view the current ongoing airdrops, Then pick one you like and follow the instructions. 

Every airdrop is different and will have different requirements. This can include following on Twitter, providing a valid telephone number, email address or joining their official Telegram/Discord to qualify. Simply follow the necessary instructions and you will be added to the airdrop list. Check your email frequently and you will normally be emailed once the airdrop process has begun.

How Much Can I Earn?

The great thing about airdrops is the randomness of it. Lots of new projects do airdrops but nobody knows which coin or token is going to be worth serious money in a few months or years. Imagine being one of the first to join the Stellar, Ripple, Ethereum, Dash or Cardano airdrops. You would be laughing now. For all you know, one of the projects listed could be worth hundreds in the future, might as well take the risk for free, right?