What is a cryptocurrency airdrop?

When researching current airdrops for finding prospect partners of Noble Airdrops, we decided to explore Quora and stumbled upon a really interesting question about airdrops. We selected the best answers for our blog. Read the full question here.

What is a cryptocurrency airdrop?

Airdrops can also be used as an incentive for people performing certain actions to help with the adoption of a blockchain project, such as referring friends to check out the project, posting content about the project, or joining and contributing the community. Incentivized airdrops allow individuals who may not necessarily have the most experience or investment with cryptocurrency to participate without having to pay to acquire tokens. Bonus coins incentivize people to learn about the new token, so that they can explain it to their friends and networks. The token startup gets the rewards of promotion and marketing, and it doesn’t have to go through a central advertising platform like Facebook or Google. – Zach Segal

 

In very simple words, the method of giving away free coins based on some predefined conditions is known as Airdrop. The main goal of Airdrop is to disperse the tokens by granting them to the existing holders of a specific blockchain currency, for example, Bitcoin or Ethereum

Nowadays, Airdropping has become an interesting way for Online marketing of the new coin launches. Because of Airdropping, a person not owning even a single coin/token of the newly launched currency can also benefit from this by freely earning them, the only condition being they have enough stake in the common cryptocurrencies such as Bitcoin, Ether, etc. or any other condition which is specified in the smart contract of the upcoming ICO. – Karan Pujara

 

An airdrop is an event where a blockchain project distributes free tokens to the crypto community for helping them share the word of their cryptocurrency to build a community around it and let it grow.

An airdrop just includes registering on a website and filling some information like email, cryptocurrency address and sharing referrals and you will earn some amount of coins which you can exchange to BTC, ETH, LTC and other cryptocurrencies. – Osabede Martins

 

 

 

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