In response to many of your questions about what airdrops are, why you should participate in them, what we can gain and what we need to claim them out we have prepared this article.
What airdrops are ?
In order to answer this question, we should mention what projects we are writing about. These projects, we can compare to companies that raise funds to start their business and try to solve a specific problem. In exchange for the obtained cash, the company distributes prizes in the form of tokens, which can be considered shares of a given company. These tokens can be used for various purposes, but the most important thing for us is that they can represent real value.
Let's get back to the main question - what airdrops are? These are simple promotional campaigns for specific projects. Imagine such a situation: we are an entrepreneur and we set up our company. If a sufficient number of people do not know about it, we can not function as a company. We just need advertising. And that's what airdrops are.
Is it worth?
It does not require a lot of commitment from us. That's right - at first it may seem to be complicated - where I have to click to register, how to create a wallet to get these tokens, where to register to take part. But ... take it easy. You can learn everything and we will help you in this. Why? Because by promoting a given project and increasing its community, we increase its value and we already participate in it. A simple win-win relationship.
For our actions we get tokens, which are limited in quantity (guaranteed by the creators of the project at the time of its creation), by which we are sure that they will not disappear after some time. The condition for the security of our means is their proper storage. These tokens can be really valuable: examples are OmiseGo (~ 18USD) or Qtum (~ 27USD), which you can check the price on the CoinMarketCap website. Impressive values. Not to mention that for every airdrop we can get several, a dozen or several hundred of such tokens.
How is it work?
The most important thing is to participate in relevant projects - of course you can do all that are available, but first we will lose a lot of time and secondly, it is certain that most of these projects will be worth nothing. Creating a token is not a problem, all of us can employ a computer scientist who will create the right protocol with a certain number of tokens what is important behind such a token and the project stands. It's just like with the company's stoks - stocks are not worth anything if the company is worthless.
After selecting the right project, we have to take specific steps to get the tokens. Often it is the registration on the project's platform: giving your name, email and password. Users also often use Telegram - a messenger which have the functions of bots is used to participate in airdrops. When we write with a bot, we should act in accordance with specific guidelines. It's very important to give your address to Ethereum. Only after sending tokens to this wallet we are sure that they will be safe. Sometimes there is no way to do it right away - the creators want us to have tokens on their platform. As the project develops this option should then be available.
Why is it profitable for companies to give you tokens ?
Sometimes creators only care about tokens being distributed to the community so that they can use them and other creators want specific actions on our part to give away such tokens. Most often it is like fanpage on Facebook, Twitter and further specify specific posts to promote the project. Other social media, such as Reddit or Medium, are also involved, but are usually optional and it only depends on us if we want to get more tokens for more shares. Sometimes, projects require proof of our participation on the Bitcointalk service - but we always inform about it if there is such a requirement.
If we feel like we can also participate in the bounty campaign. This differs from the involvement of the person who takes part in it - for example, for writing an article about a project, we can get a larger number of tokens. The next steps for which we can obtain tokens is to translate the project description into a specific language or to regularly promote the project on social media. The rule is simple - the more you give away, the more you get in return. In our activity we focus mainly on airdrops because of their simplicity and speed of execution.
What do you need to participate in airdrop?
- An account on social media - most often it's Facebook, Twitter. Sometimes we also use Reddit or Medium. If we do not have them, I recommend to set them up - it is very fast and those accounts are needed to participate fully - why limit ourselves?
- Messenger Telegram - the most-used communicator for registering new users. It has the functions of a bot that turns out to be necessary in optimal registration. A necessary tool for airdrops.
- Ethereum Wallet (ETH) - the core of our business. We make airdrops to have valuable tokens - and we must have a place to keep it somewhere. Ethereum wallet can be compared to a bank account: the public address that we enter in airdrops is our bank account account and the private key is our password. NEVER SHARE YOUR PRIVATE KEY!
These are the main tools needed to participate in airdrops.
If you need more informations about Ethereum wallets feel free to read an article.
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~ Grzegorz
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