What do we mean by crypto airdrop?
In the crypto world, airdrop is an another name for free cryptocurrencies (tokens), and these tokens are often distributed by new projects or companies. And in most cases, these tokens are always the official crypto currencies of such projects or companies. This is the reason why, it's virtually impossible for you to get Bitcoins or Ethereum in these airdrops. However, it is to be noted that these tokens can be swapped now or in the future for Bitcoin, Ethereum or real money using some exchange platforms.
Why do companies donate free airdrops?
Truth be told, companies use this as a marketing technique, and this is how it goes. In order for an airdrop to be regarded as being useful and valuable, it has to be utilized by tons of people, and this is often hard to accomplish. So, by donating airdrops, companies then use that opportunity to create a working network of users. Obviously, this has proven to be the easiest way round to shape out a large community of users because, believe it or not, everyone loves free tokens. The secondary reason why companies give away tokens is to redirect people's attention to their platform. This is true because, whenever users scroll through CoinMarketCap or see the logo of any free coin elsewhere they'll certainly stop by. And in some cases, due to the appealing nature of such projects, they often buy such tokens.
Are these free tokens valuable?
Of course they are valuable. In as much as we'd love to think of free things as being invaluabale, when it comes to free airdrops, they are an exception. However, you mustn't be carried away by the donations, as these tokens are often given away before sales commences, as part of their marketing technique like we discussed earlier on. In fact, a maximum of 1% of all the tokens are made available for an airdrop by any company, with the remaining being left for sells. So, in a nutshell these free tokens are very valuable.
What is required of me to do?
In most cases if not all, to be awarded with these airdrops, you'll have to carryout menial tasks like joining a Telegram chat group or following them on their social media platforms such as Twitter, but only until the end of the token donations. On receiving these tokens, you are free to leave the channels if you wish to. In most cases it is often known as ERC20 tokens, a cryptocurrency derived from Ethereum platform. As such, it is very important that you own at least a single Ethereum wallet address. In conclusion: With these four diverse tools you should beable to partake in about 90% of all airdrops we post here on the airdroprating.io platform E-Mail address: We recommend that you create a special one for airdrops Telegram account: https://telegram.org/ Twitter account: https://twitter.com/ Ethereum Wallet Address: We recommend: https://www.myetherwallet.com. In some cases, you'll need other tools or even personal information. In there, you'll be told the tools that will be needed and if it will be possible for you to participate. Also, you can use our in built filter to help show the entries you can participate in. Most Importantly: Abstain from sharing your password with anyone,nor any airdrop platform! Only share your public address, as that's necessary and secure!
Where can I sell my airdropped crypto?
You can do that on a plethora of exchange platform. Given that these tokens are often donated by new companies; they are often not included on the big exchange platforms like Binance. Nevertheless, they are still a number of less known exchange platforms of which you can use to check the token's website or Twitter handle. New exchange platforms are often widely announced. All you have to do is to create an account at the Exchange platform and then you will be able to make exchanges there from time to time, like in exchanging tokens for Ether or Bitcoin.
What if I don't receive the free cryptos after completing the airdrop task?
If this happens, there is no need to fret, as it is very normal. In fact it is to be noted that, airdrops often take place before the token sale while the distribution is ofen after the successful token sales. And all things being equal, this can take a few weeks to several months.However, your tokens will still be awarded in the end. It is only in few cases that no tokens at all get disbursed. And whenever this happens, project is bound to fail.
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