AIRDROPS are a legitimate way to get free cryptos. Airdrop is when a cryptocurrency is given away for FREE by the developers, usually given to existing coin holders with a particular amount of bitcoin or Ethereum, or by following prerequisites that will result in free coins, like sharing your email for example in exchange for the freebie.
“I think we’ll see airdrops as an increasingly sophisticated approach to customer acquisition” said Spencer Bogart, partner at San Francisco-based Blockchain Capital.
This is a cryptocurrency marketing trend to attract massive adoption of cryptocurrency projects.
Why give away free money?
Giving away coins gives the developers the chance to showcase their projects FAST to millions of people when compared to ICOs, which even at its best would only reach roughly about 10–20k people; according to Spencer Bogart a Forbes.com contributor. (“The Trend That Is Increasing the Urgency of Owning Bitcoin and Ethereum”)
Airdrops, in one sense, have taken the place of ICOs.
ICOs were once one of the most popular trends in cryptocurrency, but ever since major social media websites banned ICO ads due to a large and uncontrollable number of frauds, it has become difficult to conduct them, because ICOs are mostly based out of marketing advertisement: social media ads.
So airdrops took over, becoming one of the most popular ways to quickly achieve coin/token awareness and build a loyal community accomplishing the same results acquired through ICOs if not better.
ICOs are very pricey when it comes to marketing, promoting and advertising, and even though many have been successful, many also have not.
Now, conducting an Airdrop can be cheaper and more efficient because FREE MONEY advertises itself.
So as mentioned in the beginning, there are a few ways developers give away free cryptos, one: developers may seek for existing holders, for people who already own particular coins, for example, recently NEO holders received free Ontology tokens. And according to a Neo holder from CRYPTO SCHOOL (a Youtube channel), getting some Ontology was a good deal because it appreciated right after they received it.
The way it works is, the developers take a snapshot of the blockchain in search for wallets pertaining a certain amount of a particular coin/token, where most developers go after getting the attention of Bitcoin and Ethereum holders, who usually get free coins or airdrops as they sleep.
For example: wallets with at least 1 Bitcoin will receive 0.75 of the new crypto for each BTC they own.
Two: Another way to get AIRDROPS is to follow a set of regulations, on websites like Airdrops.com where you will find hundreds of new airdrops. In case you are not a coin holder yet, all you have to do is follow their pre-requisites, like liking their page on Youtube, or signing up to their website, or just sharing your email to receive the new token´s notifications, whatever it is once you follow the rules you shall receive your FREE TOKENS.
Keep in mind that even though most of them are faithful to their word and do indeed send you the free tokens, many are not, and may never send you anything.
Do your best to stay away from malicious entities.
First, stay alert, never pay for airdrops. Second, you should never give away private keys or private information, such as personal emails and passwords, when asked for any of these things you can be sure that is a scam.
The purpose of AIRDROPS is to GIVE AWAY FREE COINS, period.
“Sadly, airdrops are the new spam mail or coupons junk mail. They are hit and miss on benefits.” William Mougayar, blockchain investor and author of “The Business Blockchain”.
To stay safe with Airdrops:
a) Always create new emails when signing up for free coin/tokens;
b) Make sure to keep a record of your new emails and passwords;
c) Never use personal emails and passwords, especially the ones already in use for your existing cryptocurrencies.
d) Don’t give away DOB, your home address, phone number or full name.
It is important to be mindful of the kind of information being asked by any given airdrop because hackers can steal and use your personal information to wipe-out your existing funds.
Now, as long as you stay safe, the only thing that could happen is you may never receive what you have been promised or the coin/token you receive may never appreciate, airdrops are not a promise of anything.
It is hard to believe in anything given away for free, the first thing that comes to mind is “IT CANNOT BE!” especially money, right?
But Airdrops are a legitimate marketing strategy, when proceeding with caution there´s really nothing to lose.
Trond Vidar Bjorøy says “When something is free you´re the product.” — He is head of product development and implementation — Nordics at travel management company ATPI.
And he isn’t wrong. In case you were wondering “what´s the catch”? Well -You are the catch! In exchange for your partnership in their new projects and community, you get free money.
And the third and last way holders may receive free tokens may be through a hard fork. This happened with Bitcoin when they split their blockchain and became Bitcoin Cash. Bitcoin holders, at the time of their split, received the same amount they were holding of bitcoin in bitcoin cash.
Some nice freebies priced at $724 USD each, as of today.
Don´t you think?
“Slipping money into someone’s pocket is a powerful way to get their attention,”Bogart said to CNBC.COM.
“When you give something to someone for free they will pay a little more attention than if you ask them to sign up. Imagine if Walmart could put some kind of asset into everyone’s bank account in the U.S.” said Erik Voorhees, CEO of ShapeShift, a platform for trading digital tokens. (CNBC.COM)
Are airdrops all about money?
Airdrops may be a good way to get involved with cryptocurrency without investing a penny, a way to learn more about the technology of cryptocurrency blockchain ecosystem, how to use it, how it functions hands-on and also to share with others the technology.
Do you think people would give more credit to coins and tokens: If they were sold or given away for free? Let us know what you think in the comments.