In the cryptocurrency sector, new elements and new definitions appear that are sometimes a bit complex to understand for the less knowledgeable. An example of this is cryptocurrency Airdrops.
What is an Airdrop?
A cryptocurrency Airdrop, explained in a simple way, could be called a distribution of tokens to people who meet certain characteristics. This distribution is usually done at a certain time.
These distributions can be for the purpose of promoting a new cryptocurrency project, an exchange or being the object of a reward for the holders of a token.
For example, if one day a car brand announces that the moment they sell 1 million cars they will give a token to all the owners of one of their vehicles, that would be an airdrop.
How to benefit from an Airdrop?
As we have said, Airdrops are distributed to people who meet certain characteristics, so to benefit from them and get the tokens that are distributed for free, only these requirements must be met.
The vast majority of the time, Airdrops are intended for the holders of a specific token at a specific time. This distribution is usually done in an equitable way according to the number of tokens in possession at the time of delivery.
So that the projects can have the exact figures of how many tokens each person had at the time of distribution, they carry out what is called Screenshot.
What is a Screenshot in an Airdrop?
These Screenshots could be defined as a "photograph" made to the blockchain of the project that wants to carry out the distribution of tokens, at a specific time. Normally this moment is associated with the mining of a specific block.
For instance:
The token airdrop will be carried out when block 4320230 is mined. With this data, calculating the mining time of a block and knowing which was the last mined block, users can get an idea of when the airdrop is going to take place. .
Data to take into account in a Cryptocurrency Airdrop
Something to keep in mind is that not all wallets or exchanges support Airdrops .
If you store the cryptocurrency on which the distribution is going to be made in a wallet or exchange that does not support the Airdrop, the tokens will not be delivered to you.
Therefore, it is convenient to investigate if the place where we store these cryptocurrencies will give us those tokens for free.
Examples of Airdrops
Cryptocurrency Airdrops are events that have occurred many times in the crypto landscape.
In the following examples you can see some of those that have already occurred and thus learn a little more about them.
ONT-NEO: The distribution of ONT was carried out in 2 phases, where 20 million ONT were distributed to NEO holders.
USDT-TRON: Poloniex users who had TRX in their wallet received USDT Airdrops.
CBM: Users of the cryptocurrency exchange Binance, received the Crypto Bonus Miles [CBM] Airdrop .
EOS: EOS is a project that has distributed multiple Tokens to its holders, in this article you can find an example.
How do you know when an airdrop will happen?
To find out about these events, it is necessary to be informed, from Crypto Economy we try to keep our readers informed about the most important ones.
Another way to know when they will happen is to follow the social networks, forums and blogs of your favorite projects, since if any of them make a distribution of tokens they will announce it.
Another way is to do a simple Google search and we find pages like, for example:
AIRDROPS.IO
AIRDROPKING.IO
These pages provide information on how, when and where Airdrops from the different platforms will occur.
