The term “airdrop” is used in the cryptocurrency and blockchain ecosystem to describe the distribution of digital assets to the general public, either as a result of owning another token or simply by having an active wallet address on a particular blockchain. An airdrop is when a cryptocurrency token or coin is given away for free to several wallet addresses. Airdrops are commonly utilized to attract new followers and increase the number of users, resulting in a larger user base and more coins being dispersed.

Organizations employ crypto airdrops as a popular marketing strategy to raise attention, distribute decentralized assets, and develop a healthy community.

Airdrop of Cryptocurrency

The coins or tokens are only distributed to existing holders of crypto wallets, namely bitcoin or ethereum wallets, and are frequently announced on the company’s website and on cryptocurrency forums. Airdrops, formerly thought to be an extravagant form of guerilla marketing, have exploded in popularity in the crypto space since 2017, with several projects using the strategy to boost adoption, encourage community participation, and reward loyal users.

Airdrops turned into a strategy that was more than just marketing. As a strategy to promote currency value, currencies would announce airdrops in which coin holders would receive bonus coins equivalent to the number of total coins they own. Coin investors who wanted to take part in the airdrop would have to buy the coins if they didn’t already have any, or buy more if they wanted a bigger piece of the pie.

Who is eligible for Crypto Airdrops?

Users must have a particular quantity of crypto money in their wallets to be eligible for an airdrop. Users may also be required to perform a specific task, such as publishing about the coin on a social media site or referring others to the newly formed coin.

A lawful crypto airdrop will only focus on spreading the word about the coin and will never ask for money. Customers who send little quantities of bitcoins or other cryptocurrencies are preyed upon by many firms. A recipient may be required to have a particular quantity of Bitcoin in their wallet to be eligible for the free gift. They may also be needed to execute a certain task, such as publishing a blog post about the money on a social networking platform, interacting with a specific blockchain project member, or blogging about the currency.

In June, we’ve compiled a list of the most popular crypto airdrops.

In June, there were a number of popular crypto airdrops.

Airdrop by DeFiChain. Get $30 DFI when you sign up, plus $10 DFI for each referral. 

Morpher Airdrop is a game where you can play as a Morpher Simply sign up for Tim Draper’s 24/7 no-fee exchange to get 100 MPH ($5) for free!

Airdrop by the SwissBorg.

Airdrop by ChainX.

Airdrop from Binance.

Bonus for signing up with BlockFi.

Airdrop by DeFiChain.

Morpher Airdrop is a game where you can play as a Morpher

Airdrops in High Demand

The following cryptocurrencies were given away for free at first:

  • ARDR
  • NEM 
  • Byteball
  • Stellar Lumens

An airdrop can provide free money to network members, especially if the token’s value improves over time. Some have viewed airdrops, similar to forks, as a type of dividend payment earned by owning a digital asset, in the sense that it is a pro-rata premium given out to token holders.

Source: goodreturns