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What Is “Airdrop” in Cryptocurrency World?

As we are TokenDrops Team, we are going to tell you who are  beginner in the cryptoccurency world, how to get free token / airdrop to your wallets.. You can find some answers in this article..

An airdrop for a cryptographic money is a methodology of appropriating new tokens/coins by granting them in a specific extent to existing holders of a specific blockchain cash, for example, Bitcoin or Ethereum and so on.

In straightforward terms, on the off chance that you HODL one sort of coin, you are naturally qualified to guarantee different coins/tokens since you were holding the parent coins/tokens on which airdrop is being finished.

That is the reason this technique for coin/token dispersion is called airdrops connoting 'free droppings'.

Once in a while, there are diverse reasons and inspirations for these airdrops, for example, forks, showcasing, decentralization and dispersion and so on.

For what reason Do Free Crypto Airdrops Occur?

There are a few inspirations for doing digital currency airdrops, ideal from making the publicity and buzz to really dispersing the entire supply of coins/tokens.

A portion of the purposes behind doing crypto airdrops are:

  • Even Distribution Of Total Token Supply

One appropriate explanation behind airdrops is to uniformly convey the aggregate token/coin supply so that there is less centralization as far as bagHODLer holding a huge whole with themselves.

  • Rewarding Faithful Early Investors

Numerous digital currencies need to compensate its initial supporters and financial specialists who originally purchased their ICOs or tokens. What preferable approach to compensate them over by offering them some more new tokens – for nothing.

This likewise spurs early financial specialists to hold their parent tokens for longer terms and by and large I feel it is a decent method for fulfilling.

  • Awareness About The New Crypto

Many times, just for spreading awareness, the airdrops are carried out for the HODLers of popular cryptocurrencies such as Ethereum, Walton etc.

  • Marketing

This is the most common way to get airdrop tokens in trend nowadays. Airdropping coins/tokens for the purpose of marketing and collecting leads for further business opportunity expansion.

For example;

  1. (TEU) is airdropping 125.000 USD in TEU tokens to first 15,000 airdrop participants!
  2. Get up to 60 REPU tokens free just by joining Telegram!
  3. #ApolloDAE referral airdrop for Telegram users!
  4. 50 SYN tokens free when you sign up!

How To Stay Updated On Such Crypto Airdrops?

There are several ways to be updated, one of the most effective of which is to join an active crypto community that works in this area.

There are some more services and websites through which you can get regular updates about airdrops.

However, understand the fact that not all airdrops are worth participating in and can be sometimes fraudulent too.

Here are few of those services:

  1. https://tokendrops.com
  2. https://bountysuite.com/
  3. https://tokensuite.io


Claiming your airdropped free crypto coin/tokens can differ from project to project.

For Example:

For the airdrop forked coins, you either need to be in control of your private keys or should know how to sign your public address with your private keys.

We always suggest you to always store your cryptocurrencies in the following types of wallets where you are in control of your private keys:

  • Ledger Nano S (Hardware Wallet)
  • Trezor (Hardware Wallet)
  • Exodus (Desktop Wallet)
  • MyEtherWallet (Web Wallet) etc.