Airdrops…

Have you ever heard the saying “There’s no such thing as a free lunch”? Well, in the world of crypto, that’s not entirely true. Enter the airdrop — a marketing strategy that can reward you with digital assets simply for signing up or participating in a project. If you’re new to the world of crypto, you might be wondering how to get started. Airdrops offer an easy way to dip your toe in the water — and potentially earn some tokens while you’re at it. In this article, we’ll explain everything you need to know about these promotions.

So what are airdrops, and when do they come? where do they come from and how do you get some?

— What is an airdrop? A crypto airdrop is a marketing strategy used by blockchain projects to distribute their digital tokens or coins to a large number of people. It's almost like digital ‘coupons’.

— Where do airdrops come from? Airdrops come from different sources including new or established blockchain projects, exchanges, or individual users. Its aim is to create buzz and awareness around the project and to incentivize people to become users or holders of the cryptocurrency. In the case where they have established projects to reward their existing users or holders, the airdrop may not be open to new participants and may require certain criteria to be met, such as holding a certain amount of the project’s existing tokens.

— How do you participate to get them? To get airdrops, you basically need to complete some of the tasks or meet certain requirements given by the platforms such as retweeting their tweets, following them on telegram or discord, and providing your wallet address(but with this you have to be very cautious as some links could be malicious). Once you fill these out, you receive a specified number of tokens or coins depending on the projects you participated in.

— When do airdrops happen? Well, it is really hard to point out when they happen but they have three main categories.

• Ended Airdrops: These are airdrops that have concluded and are no longer accepting participants. Their tokens have already been distributed to the participants who met the requirements as per the guidelines provided by the specific project.
• Ongoing Airdrops: These ones are currently running and still taking new participants. Here is an example of an ongoing airdrop https://zealy.io/c/suiswap-app/invite/Xmk3I_whtyIuAMFZGY9fy
• Future Airdrops: Airdrops that have been announced but are not yet open for participation. The aim of announcing is to build up the hype and excitement around the project. They may not necessarily give out full details but you can find some information on their website.

“Airdrops are the Bigfoot of the crypto world — they can be found anywhere and everywhere. So keep your eyes peeled and your wallets ready, because you never know where these elusive digital tokens might pop up next!”

Airdrops have become a popular marketing strategy in the world of cryptocurrency. They offer a way for blockchain projects to distribute their digital tokens or coins to a large number of people.

Fun fact about airdrops and their originality.

The concept of airdrops in the crypto world is thought to have been inspired by military tactics that they used to deliver supplies or troops to different areas using aircraft. The military used to supply food and basic supplies to citizens, but now blockchain projects drop digital tokens or coins to potential users or investors. 😉 😉 😉

— Safety There are a few additional things to keep in mind when it comes to airdrops. Firstly it's important to note that not all airdrops are created equal — some may offer only a small amount of tokens or coins, while others may be more valuable. You should always do your own research and evaluate the potential value of an airdrop before participating.

Additionally, it's important to be mindful of any potential scams. Some scammers may create fake airdrops in an attempt to steal your personal information or cryptocurrency. always double-check the legitimacy of an airdrop before participating, and be cautious of any requests for personal information or private keys. While airdrops can be a great way to earn some tokens or coins, they shouldn't be the sole focus of your crypto investing strategy.

One more thing…

• Airdrops can be a great way to diversify your cryptocurrency portfolio without having to invest any money. By participating in multiple airdrops, you can accumulate a variety of different tokens and coins from different blockchain projects.
• Some airdrops have specific requirements that you need to meet in order to be eligible. For example, you might need to be a citizen of a certain country, or you might need to hold a certain amount of a particular cryptocurrency. Make sure to read the requirements carefully before participating.
• Airdrops can be a good way to learn about new blockchain projects and cryptocurrencies. By participating in an airdrop, you can get a feel for the project’s community and the value proposition of their token or coin.
• Some airdrops require you to complete KYC (Know Your Customer) verification in order to receive your tokens or coins. This typically involves providing some personal information, such as your name, address, and identification documents. Make sure that you are comfortable with the level of KYC required before participating in an airdrop.
• It’s important to keep track of all the airdrops that you participate in, as well as the tokens and coins that you receive. You can use a spreadsheet or a cryptocurrency portfolio tracker to keep everything organized. This will make it easier to keep track of the value of your airdrop rewards and to sell them if you choose to do so.