When a new virtual currency ; crypto currency is going to launch , respective party of the currency (owner or company) willing to give small amount of their newly releasing coin without any charge(free). Sometimes they give those amounts to users who share their posts in social medias. The main reason of these air drops is to promote their currency and keep the circulation of the currency running.
Types of Airdrops
Standard Airdrops
This kind of airdrop only needs a valid wallet address.when the wallet address is provided the respective party sends pre determined amount of coin to that address. These kind of airdrops are harder to grab as the users create multiple addresses and drain all the distributing coins.
Bounty Airdrops
Bounty airdrop has its word meaning. If you perform a task they will reward you. The users have to repost,retweet,share or involve with a promotional campaign of new currency.Its like a referal. Users must refer the coin to some of their friends.when doing you can earn points. The required points are earned, new currency is distributed to wallets according to points which you earned.
Exclusive Airdrops
This is a kind of holder airdrop but more specific type. Sometimes this will be rewarded to non token holders who actively participate in projects and for the one who spent more money in a project.
Raffel Airdrop
The users can partipate for a raffle by holding respective tokens,earning points or involve with the promotion activities etc. So the randomly selected wallets get the tokens who get a raffle chance doing above kind of activities.
Real life examples of success in Airdrops
UNISWAP is one of the most successful and profitable airdrop happened in 2020. It distributed 400 UNI tokens to its users and a coin worth arround 7 usdt in current market.
Apart from that there was ARB airdrop many other alter coins airdrops which became success in later time.
How to Find airdrops
Most common method is to find a airdrop you have to stay touch with social media specially in twitter platform. And there are sites such as airdrops.io who give latest updates about airdrops.
There are many scam airdrops. So when you find one do your own research ,check the token official site , find about it in twitter or any other platform.make sure it is a real one before you connect your wallet.
