1. What is Airdrop coin?
To answer the question of what an airdrop token is , you can simply understand that airdrop is an activity of distributing coins/tokens of a project to the community, usually new projects launching tokens. This is a way for them to attract the attention of the community and introduce the project to more people.
Airdrop is considered an effective marketing method in the cryptocurrency market. During Airdrops, project tokens or coins will be given to participants for free.
2. Airdrop classification
Airdrop is a form of free token distribution to the community in the cryptocurrency market. Here are some popular types of Airdrops that you should know:
Airdrop on Discord, Telegram and Other Platforms
This type of Airdrop is characterized by the free distribution of tokens to the community without requiring users to perform any action other than creating an account or providing a wallet address. However, it should be noted that the number of tokens that can be distributed in this category is often limited. Therefore, it is important that you capture information promptly so as not to miss the opportunity
Bounty Airdrop
Bounty Airdrop requires users to perform simple tasks such as following the project's communication channels on platforms such as Twitter, Telegram, Discord, Zealy, and many others. The tasks are usually not too difficult and can include sharing posts, inviting friends, or participating in other online activities.
Airdrop Retroactive
The Retroactive Airdrop is often a way for the project to thank and encourage those who supported the project early on. This may apply to early adopters or project contributors. This is a popular method that rewards the community. This form gives users the opportunity to make significant profits with a small amount of capital. A good example is the special Airdrops for users of Uniswap, dYdX, Optimism, Arbitrum, and many other projects.
Airdrop for Token or NFT Holders
This type of Airdrop requires you to own a specific amount of tokens or NFTs to be eligible to receive the Airdrop. For example, recent Airdrops from Aptos and Hooked Protocol required users to hold the project's NFTs in order to participate in receiving the Airdrop.
Mastering how these types of Airdrops work can help you take advantage of the opportunity to make more money in the crypto space.
3. Examples of large Airdrops
Uniswap
In September 2020, the crypto community was shocked when Uniswap suddenly announced an Airdrop of 400 UNI to 250,000 wallet addresses, with each wallet estimated to receive more than 1000 USD at the time of the Airdrop. However, UNI's Airdrop value can be much larger when after the Airdrop, UNI price reaches nearly 45 USD in May 2021.
Aptos
Aptos can be considered a surprising and attention-grabbing Airdrop in 2022. Aptos's Airdrop announcement was right on the day the APT token was listed on major cryptocurrency exchanges on October 19, 2022.
According to the official announcement from Aptos Labs, the project will airdrop to those who participate in the Aptos Incentivized Testnet (node running program) (300 APT per wallet) or have minted Aptos Zero NFT testnet network (150 APT per wallet). It is estimated that each wallet receiving Aptos Airdrop is worth more than $1000 each.
Arbitrum
In mid-March 2023, Arbitrum announced that it would Airdrop to early users of the project. The amount of ARB airdrop will be 1.162 billion ARB, accounting for 11.62% of the initial supply. Criteria for airdrop include using Arbitrum One and Arbitrum Nova in the past 9 months, trading with different smart contracts, reaching different transaction value levels and providing liquidity for this layer-2. It is estimated that each wallet receiving Airdrop is at least $1000.
4. Who can participate in receiving Airdrops from projects?
Airdrops are a form of Marketing where projects want to reach the most users, so everyone can participate.
5. How to hunt for potential Airdrop projects
To find potential projects and research how to receive Airdrop , you also need to be able to do your own research to avoid wasting time and effort on low-quality projects. You can also refer to other sources such as:
- Check the project's communication channels like Twitter for the #Airdrop #Retroactive hashtag and see if any projects stand out?
- Follow major Crypto channels, groups specializing in Airdrop hunting, Retroactive.
6. Some notes when participating in Airdrop
- To participate in Airdrop from projects, you need to prepare wallets from different chains such as Ethereun, Solana, BNB Chain,...
- In particular, you should use a secondary wallet when participating in Airdrop activities from projects to avoid the risk of having your wallet hacked.
7. Conclusion
Through this article, you probably have some basic information about airdrop and understand what airdrop coin is . Wishing you success and earning a lot of profit from this potential market.
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