Finding New Airdrops and Understanding Cryptocurrency Trends
DEFINITION OF AIRDROPS:
A crypto airdrop is a marketing strategy that involves distributing free cryptocurrency to users. The goal is to raise awareness of a new project and attract new users.
Crypto airdrops provide a way for projects to attract new users by distributing tokens in exchange for customer activity and loyalty. To become eligible and successfully participate in airdrops, you need to be there early and know what requirements to meet. Let’s dive into some of the best airdrop opportunities that have ever taken place, and let’s also find out how you can earn big rewards yourself.
CRYPTOCURRENCY TRENDS
Firstly, lets dive into the history of Cryptocurrency. The first cryptocurrency was created by Satoshi Nakamoto, the pseudonym for an anonymous computer programmer or group of programmers, on January 3, 2009, when Bitcoin software was made available to the public.
CRYPTOCURRENCY PRICES
As of today, the total crypto market capitalization is 2.92 trillion, representing a 1.04% decrease from last week. The 24-hour crypto market trading volume has also seen a 0.42% decrease over the past day. The top performing cryptocurrencies by price are Forta, Elastos and SwftCoin.
HOW AIRDROPS ARE INITIATED:
A project selects a snapshot time to identify eligible wallets
The project distributes tokens to the eligible wallets on a distribution date
Recipients can receive the tokens directly into their wallets
WHY ARE AIRDROPS USED IN A PROJECT?
To create awareness of new projects
To attract new users
To reward existing users
To create liquidity
To decentralize the crypto holdings of a platform
To distribute governance tokens
RISKS INVOLVED IN CRYPTO FARMING
Some airdrops are scams
Users should be cautious about the security of their crypto wallet and private keys
HOW TO FARM AIRDROPS:
• Step 1: Setting Up a Crypto Wallet. There are many wallet options, but finding the right one is essential. ...
• Step 2: Researching Airdrops and Completing Tasks. Many websites provide information about upcoming airdrops. ...
• Step 3: Securing Your Wallet. ...
• Step 4: Stay Engaged.
TIPS ON HOW TO BOOST CHANCES FOR A SUCCESSFUL AIRDROPS REWARDS:
• Follow Multiple Airdrops. The more crypto airdrops you participate in, the higher your chances of earning free tokens. ...
• Complete Tasks Early. Many airdrops have limited slots for participants. ...
• Join Projects with Real Potential.
• Use Multiple Wallets.
One can find many websites and chat groups talk about airdrops and cryto-farming, there’s also a lot of vagueness attached to it. Sometimes people spend tons money and valuable time on an airdrop just to receive peanuts as rewards or the heartbreaking “non-eligible” notification. In other side of the coin, a minimal f effort can result in a $1,000 reward, this all to show how unpredictable Cryptocurrency farming can be and one have to do diligent research before onboarding to a project.
