"Crypto currencyairdrop"
An airdrop is a marketing effort in the crypto currency sector in Wich virtual money or tokens distributed to wallet addresses to create awareness of a new virtual currency
How does crypto airdrop work?
Minor amounts of a new virtual currencyare delivered for free or in exchange for a small service such us retweeting post from Twitter or through reffing some one to join the free airdrop giveaways.the company is creating the new currency to the wallets of active members of the Blockchain community
TAKE AWAYS IMPORTANT
A crypto currency airdrop is a marketing strategy used by crypto currency entrepreneurs
It entails sending crypto currency tokens to existing crypto currency traders for free or in an exchange for minor promotional service
The goal of the airdrop is to raise crypto currency awareness and ownership while some airdrops are authentic others have been deem fake or fraudulent
UNDERSTANDING AIRDROP IN CRYPTO CURRENCY
The airdrop is a promotional activity used by block chain base entrepreneurs to assist virtual currency project get off the ground.its goal is to raise awarenessin the crypto currency project and encourage more people to trade it when it launches as an initial coin offering on an exchange (ICO)
Airdrop are usually frequently advertise on the company's website and on crypto currency forums, and the coins or tokens are usually distributed to the existing holders of crypto wallets, usually Bitcoin, Ethereum and binance smart chain wallets.
A recipient maybe required to hold a minimum amount of crypto currencies in their wallets to qualify for the free gift of tokens, they may also be required to complete a specific activity such as blogging the currency on a social media or retweeting post on Twitter platform, connecting specific block chain project member or writing a blog post about what they are promoting for.
PARTICULAR CONSIDERATION
A legit crypto currency airdrop will never ask for a payment in exchange for the crypto currency.its inner purpose is to promote something, with no return,on the other hand in what is known a dusting scam some crypto frauds involved delivering tiny quantities of Bitcoin or any other crypto currencies to unwary recievers.unsolicited deposits into user's crypto wallets should be avoided.
CRYPTO CURRENCY AIRDROP BENEFITS AND DRAWBACK
ADVANTAGES
Given the fiercely rivalry among crypto currency firm's an airdrop is a means of standing out.some crypto currency airdrop companies provide users alert and start ups listing services as well as a variety of marketing services to help them fine tune their airdrops.there are good businesses and poor enterprises,as there always are .
DISADVANTAGES
Others in the business though have issued cautionary statements about crypto currency airdrops for example Bitcoin advisory founder Pierre Rochard warned that crypto currency airdrop could be pump and dump operations.that is Bitcoin owners maybe intentionally boosting it's value in order to profit quickly.
When did the crypto currency airdrop take place?
Aurora coin (AUR) received the first crypto currency airdrop on march 25 ,2014 every cetizen or permanent residents of Iceland who submitted their national ID earned 31.8 AUR coin3 as their national crypto currency.
ANOTHER KINF OF AIRDROP IS NFT AIRDROPS
NFT airdrops like other types of crypto currencies airdrop rewards NFT holders with more tokens this is done to strengthen the community sorrounding specific NFTS generate publicity and reward NFT holders
Crypto currency airdrop is the only easiest way to get some of new crypto currency tokens that has a value in the future, although some of crypto airdrop are fake it's not really hard to keep on participating every airdrop opportunity that you can see post online but remember you don't have to spend money to have the said free crypto currency airdrop amount to have this promising airdrops from the company who's advertising on it. You have first to be aware or make some research before joining some of variety crypto airdrops .
Aurora coin