It only requires your phone, data and little time.*
Let's go to business.
WHAT IS ICO
ICO short for Initial Coin Offering, it is the means through which companies in crypto biz raise funds to finance the project of their products. It requires the public to contribute and purchase coin at a cheaper rate to support the project in the early stage of development before the coin is listed in the exchanges at a higher price.
WHAT ARE BOUNTIES
These are the various promotional avenues a company chooses to publicise its products and coins by engaging social network community to promote and earn bonuses for proof of work.
WHAT ARE AIRDROPS:
A crypto airdrop is when a blockchain project distributes free tokens or coins to the crypto
community and individuals for registering and partaking in publicising the coin through social network and referrals.*
WHAT TO DO WITH COLLECTED COINS
The collected coins are held in your account till the end of ICO(usually one month),after which you transfer your coin to the exchanges (a trading platform where you buy and sell coins.) to sell or hold in your wallet and allow the price to rise.
To participate in bounties and Airdrops you should have an account with some of the following social networks, sites and forums.
-Functional e-mail.(Must have)
-Instagram (Optional)
-LinkedIn (Optional but preferable)
-Facebook (Optional but preferable)
-Twitter (Optional but preferable)
-Telegram (Must have)
-Bitcointalk.talk (Optional)*
-You must have a wallet that is erc20 compatible like Ethereum wallet( from myetherwallet.com
NB: Not all ICOs worth your time because some of them might not make it to exchanges. What to look out for in*
Companies ICOs are:
-The team called the developers. A company with reputable members as part of the team is a sign of a good project.
-Good products, a company with a product that profers solution is a plus.
-The total supply of the coin, a limited number of coin in circulation and good marketing is a price determinant.
-Social network publicity is another factor to look out for.*
*Now you have an understanding of what airdrops are..