Crypto community

Airdrop

An airdrop is a method of distributing cryptocurrency or tokens by distributing them free of charge to specific users or communities based on previously unknown selection criteria. This process has become widely popular in the cryptocurrency industry as a way to attract attention to new projects, increase their reach, build an active community, and earn money.

Key characteristics of an airdrop:

Free distribution. In an airdrop, tokens or coins are distributed for free. Recipients do not have to contribute any additional funds to participate. The goal is to attract attention. One of the main goals of an airdrop is to attract attention to a project or cryptocurrency. This allows project creators to quickly build a user base and an active community. Stimulating activity. An airdrop can stimulate the activity of participants. For example, to receive free tokens, users may be asked to perform certain actions, such as subscribing to the project’s social networks, reposting, participating in surveys, watching videos, etc.

Creating long-term holders. Some projects conduct airdrops with the goal of creating long-term token holders who will support and use their product in the future. Diversification of holders. Airdrops allow for diversification of the pool of token or coin holders, which can make the distribution more decentralized and sustainable. It is important to note that airdrops can be both a marketing ploy for successful projects and a way for new projects to attract early adopters. Participants should be vigilant and check the authenticity of the airdrop to avoid scams or phishing attacks.

The process of an airdrop usually begins with careful planning on the part of the project. It determines the number of tokens that will be distributed and the conditions that users must fulfill in order to participate in the airdrop. These conditions can include various actions, such as subscribing to the project’s social media, registering on the website, or other activities that will help increase awareness of the project. The next step is to develop a smart contract that automates the token distribution process. The smart contract contains the rules of the airdrop, including the terms, conditions, and distribution logic.

After that, the project announces the upcoming airdrop on its official resources and advertises it. Users who want to participate perform the necessary actions and provide information that may be required to verify their participation, but it is important to note that the project is not obliged to announce the upcoming drop. This information may be a rumor and guesswork for a long time from users who hope for profit. The same is true for performing activities – there is a chance that the conditions will not be known in advance, which forces users to do as much interaction with the project as possible. Soon, the project team may announce an airdrop that will only take place for those users who have already completed one or another activity. Thus, free coins will be distributed to a narrow circle of people, which can add added value to the token when listed on the exchange. There are many variations, early users can receive priority, or they can be among all the rest. After completing the airdrop, the smart contract automatically distributes tokens among the participants in accordance with the pre-established rules. There are several different types of token airdrops, each used by projects depending on their goals and strategies. Here are some of the most common types of airdrops:

Referral airdrops. In this case, participants receive bonus tokens for inviting new users to the project. This helps spread the word about the project and increase its reach.

Holder airdrops. A cryptocurrency airdrop is a mechanism where projects reward their existing holders of a certain cryptocurrency with free tokens. This type of airdrop is used to stimulate interest and participation of holders of one cryptocurrency in a new project or token.

Terminal airdrops. Some airdrops require participants to complete certain actions or tasks before receiving free tokens. These can be activities such as taking surveys, leaving reviews, or sharing on social media.

User airdrops. A user airdrop is a type of airdrop that aims to reward existing users of a project or platform. In such an airdrop, active and loyal participants can receive free tokens or coins as recognition and reward for their support and participation in the project.

Random airdrops. In some cases, projects may choose random participants to distribute tokens without any additional conditions. This can create intrigue and increase participation.

Airdrops in exchange for deposits. Some projects offer free tokens in exchange for deposits or staking other cryptocurrencies.

Airdrops as part of an ICO, IDO or STO. Some ICOs (Initial Coin Offering), IDOs (Initial Dex Offering) or STOs (Security Token Offering) include airdrops as part of their marketing strategy to attract more investors.

Airdrops for testing the project for bugs, overloads and more. This is why some users wind up transactions in the network of a particular project in large volumes to create the appearance of an active user and tester of the project, who can be thanked with free tokens.

These different types of airdrops allow projects to achieve different goals, whether it is attracting new users, rewarding loyal token holders or increasing activity in the community. It is important to understand that projects do not just do marketing – they do it to attract investors who will buy the coins, helping the price to grow and allowing early investors, founders, the team and other asset holders to lock in profits.

Information about upcoming airdrops can be found on the following resources:

Cryptocurrency sites and forums. Sites like CoinMarketCap, CoinGecko and Reddit often publish news about upcoming airdrops.

Social networks. Many projects conduct airdrops through their social networks, such as Twitter, Telegram and Discord.

Examples of resources for finding airdrops.

Airdrop Alert is a platform that tracks and publishes information about upcoming airdrops.

Airdrops.webp is another platform that tracks and publishes information about upcoming airdrops.

DappRadar is a platform that tracks decentralized applications (dApps). DappRadar also publishes information about upcoming airdrops conducted by dApps.

Coindar is a platform that tracks events in the cryptocurrency world, including airdrops.

CoinHunt is a mobile app that allows users to earn cryptocurrency for performing simple tasks, such as viewing advertisements and visiting specific locations. CoinHunt also publishes information about upcoming airdrops.