A crypto airdrop is when a blockchain project distributes free tokens or coins to the crypto community.
To be a recipient of an crypto airdrop often the only requirement is that you have coins from the relevant blockchain stored in your wallet. Examples of this format of airdrops are Byteball, Stellar lumens and OmiseGo.
Other crypto airdrops require social media posts or you need to contact a member of the team on the Bitcointalk forum. These projects use an airdrop as a marketing campaign.
The format of these crypto giveaways is usually like this: At a pre-announced time the project behind the event will take a ”snapshot” of the blockchain, and anyone holding Ether or Bitcoin at that point will receive a certain number of free tokens. This can also be done on other blockchains, but Ethereum and Bitcoin are the most used for this airdrop format.
Another possible way to get free crypto is a faucet. This means you get a small amount of free crypto for a longer period of time. An example of this one is a crypto wallet that drops Bitcoin, NEO, Litecoin, Dash & more every day, click here to check this out.
Every airdrop has a different set of rules. We suggest you make a Bitcointalk forum account to be able to apply for the airdrops that require contacting a team member (usually PM). Ethereum Dark airdrop is a good example for this format. Every person that wanted to apply for this ETHd airdrop had to PM the developer with his ETHd address to get the tokens. “Newbies” on the forum are often rejected for new airdrops, so we suggest you post once in a while to get a higher rank.
Some new airdrops require retweets on Twitter, usually you need a minimum amount of followers. Make sure you have active social media accounts to be eligible for these free crypto tokens.
Check your wallets regularly to see if you received surprise airdrops. Platforms like Waves or Komodo have delivered airdrops for Waves or Komodo holders without any announcement.
If you are an investor holding a diverse portfolio of coins you are likely to be receiving more and more free crypto as this concept keeps gaining popularity.
If you're not paying for the product, you are the product. With doing an airdrop the project creates awareness about their ICO or token. It brings people to the project that otherwise would not have owned or heard about it. It could lead to token price appreciation, since people value a token they own higher than a token they don't own. This is called the endowment effect.
Airdrops create a community/network of people who own the tokens. If you would list the token distribution after an ICO in a pie graph, a large part of the pie is still owned by the Dev's or project. Another large part is owned by people who joined a pre-sale. And a reasonable part is owned by people who invested in the ICO. An airdrop adds an extra slice to the pie and that slice will have the most people in it.
An airdrop also plants a seed. When you look at Coinmarketcap you will see a list of thousand coins. Just on page one you can see 100 coins listed. However if you have or had a coin that name is still in your brain. The seed is planted and whenever you check Coinmarketcap and scroll down, the name of the free e-Coin will jump out and people will check how it is doing. If they see an article that the free e-Token is doing well or bad, they are more likely to click it if they own it or previously have owned it. It's just like advertising!
Looking forward, possible crypto airdrop developments could be projects starting to gift tokens to users who hold tokens in projects that overlap or have some synergy with their own. We could also see projects encouraging other projects to airdrop to their token owners and receiving some benefit in return. Like we already see happening at the Ethereum, Waves, NXT & Komodo platforms.
So now you have free crypto, what do you do? Many coins that do airdrops are PRE-ICO or just finished their ICO. This often means it is not traded yet on the bigger exchanges. You can check out our exchange page to see where you can best sell your crypto airdrops click here
We suggest you make an account at all exchanges we listed so you can easily sell and receive your crypto airdrops.
We hope you receive as many airdrops as possible and that they increase in value over time. Many projects that are now top 40 coins have done airdrops in their early stages, like NEM, DECRED & Ripple. You don't need to immediatly sell your free crypto, there is nothing wrong with being a HODLer.
Exclusive airdrops are only for our email subscribers, to subscribe click here.
We host special airdrops in collaboration with ICO’s. We are responsible for the registration, distribution and promotion of these airdrops.
For FAQs about the exclusive airdrops click here
For other questions about the exclusive airdrops contact us at email@example.com
Are you an ICO that wants to do an Exclusive airdrop with us? Contact us at firstname.lastname@example.org
The safest way to store your airdrops are hardware & cold storage wallets. These wallets store your coins offline, and therefore protect them from being hacked. There are a number of hardware wallets available. We would advise to use the Ledger Wallet Nano S or Trezor.
Not all cryptocurrency can be stored in hardware wallets. We advise you to store your crypto in wallets where you control your private keys. You don't want your free crypto to be stolen!
To avoid scams we have a few general rules:
We strive to keep our website free of scam projects. Our team provides research behind each coin we list. However it is still possible we miss a scam project. Recently some projects changed their google form asking for private keys after we list them on our website. We award people with $5 worth in Ethereum if you email us about a scam on our website. Help us to keep the site clean and prevent other people to be a victim of a scam. Contact us at: email@example.com
We rate the airdrops based on the ICO/token, website, social media, Bitcointalk thread and our experience dealing with over a thousand new airdrops.
The star rating:
Excellent, a must join
Good airdrop, estimated value medium-high
Legitimate airdrop, estimated value low
Join at your own risk
If an airdrop is not listed on our website it did not pass the approval of our analyst. This means that the risk of a scam is too high to promote through our platform. Airdrops that are not listed on our website are not eligible for our scam bounty.
Airdrop Alert cannot be held responsible for errors or any consequences arising from the use of information contained under the star rating.
When an ICO does an airdrop we base the estimated value of the airdrop based on ICO price of tokens.
When a new project does an airdrop we are forced to estimate the value based on similar projects and our experience.
Airdrop Alert cannot be held responsible for errors or any consequences arising from the use of information contained under estimated value.
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