What is crypto Airdrop? How do you get one?

Cryptocurrency airdrop is the act of distributing coins for a new project to help users access the project sooner. This can be seen as a marketing campaign for projects in the field of cryptocurrency.

If you want to learn more about the concept of cryptocurrency Airdrop, take the time to follow the following content from AZcoin.

What is crypto Airdrop?

Cryptocurrency Airdrop can be simply understood as a form of marketing for startup projects in the field of cryptocurrency. Accordingly, the project developer will send users the tokens of its project completely free of charge.

The purpose of the above work is to help users easily recognize and access the project tokens sooner, while also attracting the attention of large investors. Although it sounds simple, this is a very effective marketing strategy and there are many large projects currently using this method.

If you are wondering who can participate in the Airdrop, it is anyone as long as they meet the project’s criteria. There are even projects that do not set any standards to promote and disseminate as quickly as possible.

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How many ways are there to perform Airdrop?

Up to now, there are not only one but many different ways to perform Airdrop, popular forms include:

• Standard Airdrop: In the most basic form, participants only need to register their wallet address information to receive the Airdrop without requiring any other information.
• Bounty Airdrop: The Airdrop form requires participants to do several tasks such as interacting, and sharing project content,… When meeting all requirements, they can exchange the corresponding number of tokens.
• Holder Airdrop: The Airdrop form is handled by the computer system, whereby the system will calculate and send random project tokens to individuals who hold a certain amount of tokens.
• Exclusive Airdrop: Exclusive Airdrop form for only individuals with influence or a high level of interaction with the project can receive tokens.
• Raffle Airdrop: Airdrop form is like the lottery. Participants can receive participation tickets from many different sources with the opportunity to win tokens from the project.

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Advantages and disadvantages of performing Airdrop

If you want to start your project through Airdrop, here is the information you should know and consider:

Advantage

• Increase awareness and acceptance of the project from the user community and investors.
• Easy to perform, highly effective, and does not require much preparation.
• Create opportunities to build a large community around the project.
• Create motivation to participate in the cryptocurrency market for new people.

Disadvantages

• Difficulty in deciding the number of issuance, if it is too little it will not be effective enough for marketing, if too much it will lose the value of the token.
• The value of the token will often decrease as soon as it becomes tradable, greatly affecting the entire project.
• There are risks of defrauding users, seriously affecting the image of the real project.

How to participate in Airdrop?

If you want to participate and receive Airdrop from any project, here are the things you need to prepare:

• Carefully research and search for information about projects to grasp the Airdrop implementation plan and schedule.
• Prepare important tools to receive Airdrop, including cryptocurrency wallet, network coins, and most importantly, knowledgeable information about the project.
• Perform interactions and complete tasks requested by the project itself to receive the Airdrop.
• Continue to monitor information from the project to promptly grasp value fluctuations from project tokens to take action to gain the highest profits.

Conclusion

So together we have learned all the most understandable content about cryptocurrency Airdrop. If you have any other questions, don’t hesitate to contact AZcoin.