What is airdrop

An airdrop occurs when a blockchain-based project distributes cryptocurrencies or tokens to the community. Nothing more, nothing less.

Everyone likes free stuff or discounts.

Why do airdrops exist?

The cryptocurrency industry is quickly becoming saturated with new projects of all types and conditions. Practically every day there is a new company launching an ICO (Initial Coin Offering), and so it is increasingly difficult to stand out from all the noise.

Think about it, right now there are over 1,500 different cryptocurrencies and tokens, no dedicated investor can analyze that many projects at the same time, and let’s not talk about the average person who is not professionally dedicated to investing.

So the team doing an aiddrop takes advantage of this effective tool to try to make their project go viral and give it visibility.

In marketing, the first impression is very important. How can you not think well of a project that pays you when you fulfill it?

There are also those who suggest that when someone receives a token and owns it, they automatically give it a higher value than tokens from other projects, simply by owning it. In this way, many individuals who receive a particular airdrop end up becoming investors in it and accumulate more project tokens than they initially received.

The second of the reasons why an airdrop is made is to build the ecosystem, meaning that a project may choose to release tokens as an incentive to use their platform or to help decentralize their currency.

How to get free airdrops?
1. Perform some concrete action

This is the most well-known type of air drop and usually gives the most visibility. El proyecto te entrega una cantidad concreta de monedas a cambio de que realices una o varias acciones de marketing, como pueden ser seguir a su cuenta de Twitter, unirte a su grupo de Telegram, poner tu dirección de email o rellenar un cuestionario, por poner algunos exemplos.
It is also common for them to provide a referral link so that you can invite other people to do the same, and for each of them they give you an even larger amount of cryptocurrencies or tokens.

Remember that airdrop cryptocurrencies do not arrive automatically, but usually take several days or weeks to be reflected in your cryptocurrency wallet.

2. Simply Owning Other Cryptocurrencies

In some cases, simply owning one type of cryptocurrency gives you the right to participate in the aid without doing anything, although for this reason these cryptocurrencies should not be on exchanges (such as Coinbase) but in individual wallets (such as MyEtherWallet) and must be from the same blockchain, as we will detail later.

3. Having an open account on certain exchanges

This type of airdrop is similar to the previous one, but differs because you only need to have an open account on certain exchanges or exchange houses that are actively promoting the project. A well-known case of this type of airdrop is the 500 TRX received by all users of the Liqui cryptocurrency exchange.

The best known exchange at the moment and the one that usually performs the most airdrops for its users is Binance

4. Installing a specific application

There are mobile apps like Qoinpro that provide small amounts of cryptocurrencies every day just for having them installed, and that increase the percentage they provide if you invite other users.

In this case the amounts are usually tiny (as you can see on their website), but with the constant movement of cryptocurrency prices, you never know how much they might be worth in the future…

Originally published at https://www.reddit.com.