This article is about airdrop enlightenment for you all, a good opportunity to earn a decent income stream in the crytocurrency market.
Therefore I am going to explain to you all about airdrop and cryptocurrency
WHAT IS AN AIRDROP?
Airdrop is nothing like the way it sounds when pronounced or the way you're thinking in your head of an air plane dropping coins from the sky.
Airdrops are used to provide needed supplies to people that are stranded during any of form of crises occur which makes movement dangerous where there lands are difficult to access.
However in the crypto world, airdrop has an totally different meaning.
Airdrop are free tokens shared to the crypto community by a BLOCKCHAIN PROJECT to early adopters FREE OF CHARGE.
Whenever an airdrop is available, a specified period of time and number of persons needed are given, the airdrop becomes over once the target is achieved, that is why it is only logical to apply early as other persons are applying before the specified number required is attained.
WHY WOULD A BLOCKCHAIN PROJECT GIVE AWAY TOKENS FOR FREE?
As a producer who is producing a similar product with alot of competition in the market, giving out your new product for free to people is a good strategy to market it, getting people to know that such product is available, since it's for free, a lot of be people would be interested in it, the product is more likely to appreciate being in the possession of lots of people.
And once that happens, people will start trading it and also buying it. That's just the concept.
In other words :
Airdrop is a somple strategy to create awareness about a blockchain's ICO or token.
It brings people to the project that may never get to hear about it.
The value of the token may tend to increase through this medium.
WHAT YOU NEED TO HAVE IN ORDER TO BE ABLE TO SIGN UP FOR AN AIRDROP
You need to have an ERC-20 non-exchange wallet, this simply means any wallet that supports the Ethereum blockchain system. We have coinomi, imtoken, the most preferred"myetherwallet" and some others. You can download any of this from your Google play store.
This wallet address is where your coins would be sent to, and you can store them there.
WHAT YOU NEED FOR AN AIRDROP
*A telegram account on your phone
Facebook account
Twitter account
Instagram account
An email address (GMAIL preferably)
Linkedln profile
Medium
Reddit Account
Android phone or PC (Anyone)
Internet connection
Eth wallet address (a.k.a Eth Erc20)*
WHAT YOU MAY NEED TO DO TO RECEIVE THIS TOKENS.
Different developers have different tasks for signing in for their token.
Some may just ask you for your email and your wallet address while some will need you to perform some simple tasks like:
Retweeting their project on your twitter account, some may give you a certain number of followers required from your handle for you to be able to sign in, in order to make the project more visible. Both in most scenarios they only need your Twitter retweet
You may need to follow the project on twitter.
You may need to follow the project on facebook and also like their page, sometimes you may need to share their page too.
You may need to join the projects telegram group, you must not leave the group until the ICO is over, in order for your entry to be valid. You can just be there, even if you are not chatting on the group.
You may need to follow the project on Instagram.
REQUIREMENTS WHEN SIGNING IN FOR ANY TOKEN.
Twitter username and url profile link.
Facebook url profile link.
Telegram username.
Your Eth wallet address (Public key please)
Email address
WHAT DO YOU HAVE TO LOOSE?
You have absolutely nothing to loose. You are only making use of your DATA plan
You should never UNDERESTIMATE any token because you never can tell the worth in future.
BEWARE OF CRYPTO SCAMMERS!
What you need to know before signing in:
You should never give out your Eth private keys or recovery phrase to everyone, no real airdrop will ask you for it.
Never pay for an airdrop, it may be scam.
A real airdrop must have a functional website.
A real airdrop mostly have a thread or post on bitcointalk.
A real airdrop mostly do not ask for donations or investments.
You also need to know that some times you may need to have some other token from the relevant blockchain in order for you to sign up for a particular airdrop. Requirements are different depending on the developers.
Thanks for reading!