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So today I'll be discussing a very interesting topic which of course is understanding the term Airdrop in crypto. I think we would really like to expand on this topic as it appears to be the trend in this field right now. Alright, let’s go guys.
Yes, there are numerous opportunities to earn money in the field of cryptocurrency, one of which is Airdrop. Airdrop seems to be the talk of the town that is to say as many investors are making thousands of dollar without investing a single cent. You know that is one good thing with airdrop, it doesn’t require a single penny, and yet one is paid from it.
Not so long ago, Notcoin even became a real currency because it appeared on most exchanges, they started like any other airdrop and became something, providing thousands, if not millions of people with tangible amount of money for believing in the project.
Anyway, I think I have kindled your interest; recently you saw your friends & colleagues sharing you some links to various sorts of projects, but you are not quite sure it is something you can and you should try. Well after reading through the above post you should be in a position to make a decision whether or not it is worth it.
What are Airdrops
Airdrop is the direct distribution of a massive number of coins or tokens to the public to their respective crypto wallet addresses without them having to pay anything or without them having to make any effort at all.
That is, one acquires them with no cost in the situation where there is an airdrop. Surprisingly, airdrop can actually be used as a tool to advertise a particular cryptocurrency project and raise brand awareness. The result is always positive for the project developers as well as the participants.
They reward participants in the native coin or tokens of such project. It is important to note that although participants do not have to invest their money, they have to perform a few simple tasks to be eligible for a program. These tasks includes, joining their telegram channel, subscribing to their youtube channel, , following then on X and promoting the project on social media.
What is the purpose of Airdrop
You will agree with me that the crypto space is already filled with many projects or projects. For a new one to be introduced for it to be adopted by the masses would be a very serious matter. Developers rely on the airdrop approach to get people attracted to the venture… forming a group of people who would get behind and support their ideas and dreams.
Another reason you would see an airdrop is to ensure that the token is fairly distributed or that those who choose to believe in the vision or future of this would stand a chance for some of the goodies that this decentralized system has to offer.
How to Participate
You know this post will be incomplete if I do not include this very section. As I said earlier, airdrop does not need your money; all it needs is a few things that you own that can be used for the participation and to make you eligible for the airdrop. and see some of these things...
• Crypto Wallet: In order for the coin to be stored, you will be needing a wallet where the coin will be sent to. The wallet that you are expected to use in this context is your own, non-custodial wallet that you personally control. Many a time, some project would actually demand that you use specific form of wallet for the token or the coin that will be used.
• Valid Email Address: Some airdrop requires user to input a valid email address. Of course an average person should have an email in this digital world. Your email will be required for sign up as a few airdrop would possibly demand it in participating. I also feel that it is advisable and secure to have an email solely for airdrop. Most of the project we have today do not really request for email as the method used have now been enhanced.
• Social Media Accounts: This means that to be in a position to participate in the airdrop you would need to promote the project through your social media profiles. You may be required to post or repost about it on your Twitter handle, share it on your Facebook profile and any other social media activities that might be required.
• Complying to Deadlines: Airdrops are not permanent, there is time set for registration. You have to get it done before time runs out, once it is done, that is the end for such participant who is seeking to benefit from the project. Finally, if all components are set, you can start up
Airdrops are perhaps one of the easiest means of earning in the crypto space; it does not cost anything but your time and your engagement in promoting the drive of the project.
Thanks for reading...
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