Cryptocurrency airdrops are a technique for distributing free virtual currencies to a pre-selected group of users. Cryptocurrency airdrops are often used by companies launching a new project to promote their token and reach a wider audience. They can also be used to reward existing users of another cryptocurrency for their loyalty or to entice people to adopt a new technology.
There are several ways to participate in a cryptocurrency airdrop. Sometimes it may be as simple as registering on the website of the currency in question and providing a valid e-wallet address. Other times, it may be necessary to fill out an online form or follow the currency on social networks, including Twitter, to be eligible.
But what exactly is an airdrop? How do you sign up for a cryptocurrency airdrop and what are the best airdrop sites currently available?
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What is an airdrop?
A cryptocurrency airdrop is a free distribution technique of virtual currencies. This technique is very often used when launching a new project and allows the company behind the project to promote its currency to a wider audience. When a new cryptocurrency launches an airdrop, it distributes free quantities of its currency to a select group of people. These people can be existing users of another cryptocurrency, people who follow the new cryptocurrency on social networks or simply people who fill out an online form.
There are several reasons why a company may decide to launch an airdrop. First of all, it is an effective way to expand its user base. By offering free quantities of tokens, the company intends to make itself known to users, who will be led to inquire about – or even use – the token in question. Second, airdrops can be used to reward existing users of another cryptocurrency for their loyalty. This can be a way to entice them to use the new currency and show them that their commitment is appreciated. Finally, airdrops can be used to entice people to adopt a new technology. For example, a blockchain company can launch an airdrop to promote its proof-of-stake (PoS) protocol to proof-of-work (PoW) users.
There are three main types of cryptocurrency airdrops, each with its own characteristics and distribution methods:
- Token airdrop: This is the most common form of airdrop. Tokens are units of value that can be exchanged on a crypto-exchange platform for other currencies. Airdropped tokens can be used on the platform of the company that issued them, often in exchange for goods or services.
- Blockchain token airdrop: this type of airdrop involves the distribution of tokens on a blockchain, often in exchange for a certain amount of another cryptocurrency held by the user.
- Token airdrop on smart contracts: this form of airdrop involves the distribution of tokens using a smart contract on a blockchain. Users typically have to meet a number of criteria to be eligible, such as following the company on social networks or filling out an online form.
How to participate in an airdrop?
To participate in an airdrop, a number of steps must be followed:
- Find an airdrop: There are several ways to find cryptocurrency airdrops. You can search for them directly online, or follow cryptocurrency social media accounts, or sign up for crypto exchange newsletters. Before you jump in, make sure you do your own research and only participate in airdrops from trustworthy companies.
- Create an e-wallet: To receive airdrops, you will need an e-wallet that supports the currency in question. There are several e-wallet options available, each with its own pros and cons. Do your research and choose the one that best suits your needs.
- Follow the airdrop instructions: each airdrop has its own rules and conditions. Some may require you to register on the company’s website, some may require you to follow the company on social media, and some may require you to fill out an online form. Be sure to read the instructions carefully and meet all the criteria to be eligible.
- Send your e-wallet address: Once you have met all the criteria and conditions of the airdrop, you must send your e-wallet address to the company. This address will be assigned to you when you create your e-wallet and will allow you to receive airdrops in a timely manner.
- Receive the airdrop: Once you have sent your e-wallet address and met all the airdrop criteria, all you have to do is wait to receive your airdrop. The company will distribute the airdrops according to their own schedule, so please be patient.
-> Beware: each cryptocurrency airdrop has its own way of working. Remember to research the project in question thoroughly to verify its reliability and legitimacy, and ask about the payout date, which can often take several weeks or even months.
Airdrop sites: our comparison
Cryptocurrency airdrops are a unique opportunity to get free virtual currencies, but it can be difficult to find the places to go to find them.
There are indeed many sites that offer airdrops, but all of them differ in their reliability and seriousness. To help you find the best cryptocurrency airdrop sites, we have compared several sites based on their reliability, ease of use and selection of currencies offered. We also took into account the level of security of the sites and the quality of their customer service. Here are the results of our comparison.
AirdropAlert
AirdropAlert.com is one of the most popular sites for cryptocurrency airdrops because it offers a wide variety of free tokens to receive. It also offers detailed information about each airdrop, as well as instructions on how to receive them.
AirdropKing
This site offers a wide variety of airdrops and is regularly updated with new projects. It also offers detailed information about each airdrop as well as instructions for receiving them. Airdrops can be sorted by new releases, user ratings, performance and end date.
AirdropBob
The site also offers a wide variety of free airdrops, with detailed information about each project. It also has a rating system to help users evaluate the quality of airdrops and make informed choices about their projects. This is the simplest and easiest site to use, and it has the advantage of being updated regularly with the latest airdrops.
The best airdrop projects in 2023
If the above-mentioned sites allow you to keep informed about new projects, it is sometimes difficult to distinguish between promising and reliable projects and potential scams.
To get a clearer picture, we analyzed the most promising projects of 2023, projects that, although never 100% reliable, are much talked about and have great potential.
RobotEra (TARO)
A cross between Minecraft and The Sandbox, RobotEra is one of the most promising games of the moment. But to be able to play it, you must acquire a robot-avatar. In total, only 10,000 avatars in NFT format will be available. But then, what is RobotEra doing in our selection of the best airdrops projects? Well, only the owners of these NFT will have the possibility to have a Land in airdrop!
Airdrop date: first quarter 2023
TARO price: $0.02
Basic Attention Token (BAT)
Basic Attention Token (BAT) is a cryptocurrency used on the Brave browser platform. It was created to provide a quid pro quo solution for online advertising, allowing users to receive BAT tokens in exchange for their attention on online ads. Publishers and content creators can also be rewarded with BAT tokens for their work.
The project regularly offers BAT airdrops. To participate in these airdrops, all you have to do is install the Brave browser, check the notifications and watch the proposed ads. 70% of the advertising funds collected are returned to the users, as well as random rewards of up to 40 BATs by activating the “Brave Rewards” option.
Airdrop date: throughout the year
Price of the BAT: 0,20 €.
Calvaria (RIA)
The trading card game called Calvaria: Duels of Eternity is eagerly anticipated in the gaming world. And to celebrate the launch of the beta version of the game, Calvaria is planning an airdrop of RIA tokens in the first quarter of 2023. This airdrop, worth the equivalent of $100,000, will be reserved for users who participated in the RIA token pre-sale. In total, 300 million RIAs will be offered for sale for a price ranging from $0.01 to $0.0325.
Airdrop date: first quarter 2023
TARO price: $0.01 to $0.0325
Airdrop of cryptocurrencies : our opinion
Cryptocurrency airdrop is now a big hit with blockchain users. It must be said that this method has the advantage of being based on a win-win principle: project launchers encourage users to use a platform or participate in a project; and users benefit from free tokens to diversify their portfolio or make direct profits.
However, we feel it is essential to remember that cryptocurrency airdrops, while very interesting in most cases, can also present some risks:
- Scams: Some unscrupulous companies may use airdrops to trick people into stealing their information and data. It is important to be careful of airdrops from questionable sources and never share your private information with anyone.
- Theft of funds: If you receive funds from an airdrop on an unsecured wallet, they could be stolen by hackers. It is important to store received funds in a secure wallet and protect your login information.
- The value of the crypto-currency: When receiving crypto-currencies via airdrop, it is important to realize that the value of these crypto-currencies can vary considerably. Therefore, there can be a risk of losing value if the received crypto-currency does not hold up.
Despite these few risks, airdrop remains a valuable tool to support new projects, diversify your portfolio and increase your chances of making a profit.
Conclusion
Cryptocurrency airdrop is a technique that has become a must today, not only because it helps to increase the user base of a new project, but also because it is a great way to build user loyalty, stimulate demand and spread awareness of a project to the general public. This makes it a valuable tool, both for companies launching a new project and for users who see it as an opportunity to receive cryptocurrency tokens for free or at rock bottom prices.
Don’t forget that we also give you investment advice on NFTs.