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Airdrops are one of the most popular way of getting free crypto without having to invest any money. But before we start explaining how to get free airdrop tokens we need to first explain what are cryptocurrency airdrops.
What is Airdrop?
A cryptocurrency airdrop occurs when a project distributes its native coins for free as a marketing tool to generate buzz, expand its network, and gain wider adoption, essentially providing free money. At times, the coins require minor tasks such as following social media pages, while at other times they are completely free of engagements.
These coins are then transferred for free to current or potential users’ wallets in the hopes of attracting more business. Airdrops became popular during the 2017 ICO boom and are still used today. While given away for free, airdrops can gain value over time and become potentially profitable to recipients.
Projects that distribute coins increase their number of holders (a positive metric for new projects) as well as their decentralization (due to increased token ownership).
Different Types of Airdrops
Crypto airdrops can occur in a variety of ways, but here are the most common scenarios to be aware of:
- Bounty airdrop: When recipients engage in some type of promotional activity, such as sharing a social media post or signing up for a newsletter, they will receive the digital asset.
- Holder airdrop: When crypto projects take a snapshot of their community members’ crypto wallets on a specific day and time and allow them to claim an airdrop based on their ownership.
- Standard airdrop: when a crypto project distributes digital assets to all wallets associated with its community.
Where to Find Airdrops
In order to become a successful airdrop hunter you need to constantly checking for new airdrops in order to catch them and complete them, so you can increase your cryptocurrency portfolio.
But you don’t have to search all over the internet in order to find the latest airdrops. On Skyrush’s airdrop page you can find the latest and most popular crypto airdrops and be able to complete them with a few clicks only thanks to our advanced integrated API.
How to Get Free Airdrop Tokens
In order to earn free cryptocurrencies you have to carefully read the requirements and Terms & Conditions in order to become eligible airdrop hunter when the airdrop token distribution begins.
For example if you are completing an airdrop on Skyrush’s Airdrop Tasker, you will see a list of tasks that needs to be completed, every airdrop task is mandatory and if you do not complete a task, it is very likely that you will be excluded from the airdrop token distribution.
Alternatives for Crypto Airdrops
Cryptocurrency airdrops are only one way for getting free crypto tokens, but there are plenty of other ways to earn free crypto by investing your free time. We will list below the alternatives for earning free cryptocurrencies besides the airdrop method.
Some of the most popular alternatives to crypto airdrops are:
- Social Media Giveaways
- NFT Giveaways
- NFT Drops
- Holder Airdrop
- Referral Program Rewards
Are Crypto Airdrops Safe?
Many crypto airdrops appear to be harmless and secure, but this is not always the case. Scammers have also discovered ways to defraud people via airdrops. They have devised methods to harm crypto enthusiasts by stealing cryptocurrencies or private keys.
Keep an eye out for airdrops, especially when large sums are promised that seem too good to be true. It is critical to remember that connecting your crypto wallet to an untrustworthy party or handing over your private keys is never a good idea.
Scammers have even deposited cryptocurrencies in fraudulent airdrop actions. These tokens were discovered to be counterfeit and therefore unsellable. To avoid becoming a victim of a scam, it can be beneficial to research the team behind the crypto project and learn what others think.
Crypto airdrops enable crypto projects to differentiate themselves and gain traction in the crypto space. It can also be a good way for crypto enthusiasts to diversify their portfolio with new tokens. However, there are likely to be more scam airdrops than legitimate ones, so proceed with caution and conduct your own research before participating.