Crypto airdrops are an interesting phenomenon in the crypto realm, as they are surprise gifts with free tokens. You probably have a high level of excitement when you receive a free sample in a store. Well, crypto airdrops work similarly to these free samples, which can raise awareness and generate a lot of excitement for newer crypto projects.
So, when a new blockchain project is developed, some of them want to present their offerings to more individuals, which makes them drop free coins in users’ wallets. So, if you are looking to receive free coins, then crypto airdrops can be the best solution for you. Thanks to this initiative, you only need to do simple tasks, like joining an online crypto community or following a project on social media. Then, the coins are going to be distributed to your wallet.
If you are interested in this initiative, you should keep an eye on the latest airdrop news to discover the project that attracts your attention the most. In this article, we will explore the most essential types of crypto airdrops and their benefits. Keep reading to learn more.
What are the most important types of crypto airdrops?
A crypto airdrop aims to attract more enthusiasm from the general public and spread awareness in the incipient phase of a crypto project. The platforms where crypto airdrops are promoted are on social media, a company’s website, or crypto forums. In order to be eligible to receive free tokens, users might need to hold a small quantity of digital coins in their wallet. Additionally, they might need to follow certain tasks, such as posting about a particular coin, talking about this project on social media, and driving more hype about a specific coin.
There are many types of crypto airdrops, such as the following:
Standard airdrop
Standard airdrops provide free tokens to the participants that show their interest in the digital coins. To receive the crypto coins, they need to offer a valid wallet address. Then, it depends on the particular airdrop if participants need to provide more information. Standard airdrops usually have a clear framework on how they organize their tokens, such as the amount of tokens available to distribute or how many tokens an individual can receive.
This makes some airdrops limited, as they are highly accessible. Because there is a high interest in these free tokens, you need to be among the first to show interest in them. As there are no complicated tasks to follow, users might be tempted to create more wallets to gain free tokens.
Bounty airdrops
In a bounty airdrop, users need to perform certain tasks to receive free tokens in their wallets.
For example, they might need to post on social media and tag the crypto project‘s social accounts. A crypto project might offer a finder’s fee or referral bonus if a particular person recruits more individuals. They can receive these bonuses if the recruited person joins a Discord channel of the crypto project or signs up for a newspaper.
In exchange for these tasks, users receive points that are synonymous with the size of the bounty airdrop they will receive. Additionally, some crypto projects might require holding a certain number of points to qualify for an airdrop.
Exclusive airdrop
Exclusive airdrop is a specific type of airdrop that might select exclusive individuals for an airdrop. In this type of airdrop, participants are not chosen depending on the number of tokens they hold but on other important elements that can impact their eligibility, such as the money spent for non-token activity, the time consumed being interested in a particular project, and how many posts a participant has on a forum.
This rewards users who have shown real interest in a particular project, not just those who wish to receive free tokens.
Holder airdrop
Holder airdrops are offered depending on how many tokens a participant holds. The blockchain is a transparent and decentralized ledger, so users can see exactly the distribution of tokens. Although this approach has advantages, it also has some downsides.
For example, the holder owners might not be particularly interested in a crypto airdrop. At the same time, this offer is viable only for the owners who hold the most digital tokens.
Raffle airdrop
A raffle airdrop is a combination of all the airdrops mentioned above. It can announce the number of tokens it wishes to share and encourage users to participate in the hope of earning a raffle ticket. This ticket can be offered in many ways, such as earning points, holding tokens, or just expressing interest. A raffle airdrop usually has a limited number of wallets to share its coins, and the participants are selected randomly.
What are the advantages of a crypto airdrop?
The crypto realm is home to many crypto projects, which means that the competition is fierce. This is why crypto startups need to adopt a better approach to stand out from the crowd. Crypto airdrops are one strategy to consider to attract more investors’ attention.
Another advantage of crypto airdrops is that they can also reward loyal patrons with their help. Other than this, thanks to crypto airdrops, the distribution of these airdrops happens more naturally. It reduces the chances of centralization, meaning that a single entity will hold a large number of cryptocurrencies.
Parting words
Crypto airdrops are a beneficial strategy in which companies from the crypto sphere can raise more awareness about a specific coin or token. Thanks to this approach, crypto startups can increase their liquidity and have a better distribution of coins. Crypto airdrops attract the attention of a large number of investors, as they offer a lot of excitement in receiving free coins, like BTC and ETH. There are more types of crypto airdrops, and some of them don’t involve any task, while in others, users might need to follow certain steps to qualify for participation.
Jessica has a flair for writing engaging blogs and articles. She enjoys reading and learning new things which enables her to write different topics and fields with ease. She also strives to break down complex concepts and make them easy for anybody to comprehend.
