Crypto Airdrops can be defined as a method through which new coins and tokens are distributed to users who are actively involved in certain tasks of Crypto Airdrops.
As it is inquired in the above statement, how the individuals earn money through Crypto Airdrops? Thus, it’s worth letting the individual know, that it is one of the marketing strategies adopted by blockchain startups, to bring awareness and demand for their Crypto Projects.
Hence, in this very captivating article, there will be explaining below about, what Crypto-Airdrops are and how these especially benefit the investors, or in other words the Users.
Read More: What are Crypto Airdrops?
What is Crypto Airdrops?
Crypto Airdrop is a process through which one can receive free tokens and coins after being considered eligible or after meeting the specific criteria of the Airdrops. But these Crypto-Drops may vary from project to project based on its purposes. Below are some of the common types of Crypto-Airdrops, those are:
Standard Airdrop:
The standard Airdrop is always found one of the simplest types of Airdrops, in which the Participants are only required to provide some basic information and the address of their Wallet to receive free tokens. The number of tokens might be distributed through a fixed level or might be proportionally based on participants’ strengths. This type of Airdrop is most often considered time-sensitive and sometimes has the limitation of supplying tokens.
Holder Airdrop:
As the name implies, this is a kind of Airdrop where individuals need to hold in it some certain amount of tokens or coins to be eligible for receiving free tokens. But keep in mind that holding a certain amount of coins might have been holding from different time spans, and receiving free tokens solely depends on the time duration of holding tokens. As it is a general phenomenon, the more something is sustainable the more it is reliable, similarly, this type of Airdrop often benefits the loyal investors who carry holding-behavior.
Bounty Airdrop:
This is a common type of Crypto Airdrops where participants need to carry out some specific tasks to get free coins and tokens. This bounty Airdrop type obliged participants to perform some tasks such as following the accounts on social media, posting and sharing its posts, writing reviews, and sending invitations to friends and others alike, which would then allow them to receive free coins. This Airdrop is mostly used to raise buzz and project engagement.
Exclusive Airdrop:
This type of Airdrop is a bit of veteran-type of Crypto Airdrops. In Exclusive Airdrop, individuals or participants are selected and invited by the team of the Project and others to issue the participants free coins and tokens. Criteria for selection might have been kept based on expertise, reputations, and contributions, etc. This type of Airdrop is mostly used to attract partners who view strategically or those who are influencers for the project.
Read More: 7 Best Crypto Airdrops for the Year 2024
How Does a Crypto Airdrops Work?
Following are explained in steps the procedure showing how Crypto-Airdrop works:
- The Team of the project announces the detailed information which are needed for an airdrop on websites such as social media or on forums of Crypto Currency.
- The interested Candidates then register for the airdrops by providing their information Wallet address and others as such, if required while registering.
- After providing the Wallet information, the team of the project then verifies the credentials and confirms the eligibility of the participants. Once everything gets done, then the project team issues free tokens to them based on the rules of Airdrops.
- At last, when the participants receive the free token, then they could utilize them keeping in view the terms and conditions of the project.
The Question Now Arising, How Can Individuals Earn Money Through Crypto Airdrops?
This Crypto-Airdrops could be the way of income or profit for the enthusiast of Cryptocurrency who really keep keen in participating in them.
Variety of ways are described of earning money via Crypto-Airdrops as below:
Selling:
The very simple and easiest method to earn through Crypto – Airdrops is to sell the coins and tokens that you have had in free from projects after they have been listed on exchange or on marketplace which depends on the demand and supply of the tokens but the best considering method attached to selling the coins, is to conduct research and analysis for them as the prices goes up and down overtime.
Holding:
This is another method of earning money from airdrops as its name suggests that if participants wishes to earn money from the token/coins which he received in free from Airdrops is to hold them for some time-span through which the participants would come to know that if the project is getting profitable then the token prices would increase so if then these are sold becomes earning for them. But one thing adherence to this method, that is high risk, if the project fails overtime then the participants would have zero value of them.
Staking:
This is also one of the methods of earning through Crypto-Airdrops. This method involves and requires the participants to lock their token for some specific time period. But the yield that would come from this method as re-giving back more tokens and or other type of cryptocurrency. By involving in this program, participants would earn promising income, providing that to support the development of the project.
Referring:
As it is from its name inferring, that this method of earning from tokens requires the token holders to invite as much people as the holders do, in order to join the communities and platform of the Airdrop Project. For this method, the participants are usually remunerated by giving them more tokens or other cryptocurrencies. This program’s income from the tokens to the participants are mostly dependent on the spreading awareness about adoption of the projects.
Read More: List of 3 Unique Crypto Airdrops and How to Get Them?
Final Outcome About How One Can Earn Money Through Crypto Airdrop
The Crypto Airdrop is the famous medium of giving away the coins and tokens to the individual who are willing to get. The above are the methods through which Participants could earn from free tokens through different ways, hence, this article would really help those who wish to get benefited from the Crypto Airdrops.
Noted:
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