What’s the difference between airdrops and bounties?
To boost their project’s visibility, raise the circulating supply, and drive trading, several crypto firms give away free coins to their communities.
Airdrops are the term for these free releases.
The majority of the airdrops we list are „bounty“ drops, meaning you’ll get tokens for doing easy social media activities (Joining their Telegram group, reposting on Twitter, etc.).
Because the company receives free publicity and you receive free cryptocurrency, this proposition provides a win-win situation.
Other airdrops will compensate you merely for carrying a specific currency without expecting anything in return.
Why are cryptocurrency projects and initial coin offerings (ICOs) giving out coins for free?
Why are crypto projects and ICOs giving away coins for free?
Cryptocurrencies have value mainly because people believe in them and value them.
The greater the number of people who possess a cryptocurrency, the more probable it is to gain popularity and value.
The endowment effect, a phenomena in which individuals attribute value to items simply because they own them, makes airdrops effective
A DeFi firm can raise awareness about their project, token sale, or pre-ICO by doing a reward airdrop at no expense to them.
Social media efforts make the project visible to people who might not have known about it otherwise.
Airdrops can also build a large community of users who are driven to help a project succeed by working together to win community voting for exchange listings.
Projects can encourage users to keep (HODL) their coins for the long term by rewarding token owners with free airdrops.
This can effectively reduce the coin’s selling pressure.
Holder airdrops have shown to be a viable strategy for some of the most successful crypto projects, like NXT, WAVES, Bitcore, and others.
What is the procedure for claiming airdrops?
The claim procedure varies depending on the project.
Some „holder drops“ will automatically deposit tokens into the wallets of users who own a particular coin.
Other projects are snapshot-based, and users who had the appropriate token during the snapshot, which is a record of token holders captured at a given time/block, can only claim them.
Airdrops for Holders
Byteball, which was initially released to Bitcoin holders, is an example of a holder airdrop.
They also airdropped a monthly number of Bytes equivalent to the amount of BTC/GBYTE they held during the drop into the wallets of Byteball holders.
These types of drops can generate enthusiasm, which can lead to significant price movement for the coin.
Popular Airdrops for Holders
The following cryptocurrency were given away for free at first:
• ARDR • NEM • Byteball • Stellar Lumens
By simply holding these airdropped coins through their erratic growth, those with strong hands were able to generate significant riches.
We strongly advise you to keep your airdrops for as long as feasible.
The bulk of crypto projects are worthless and will eventually go to zero, however we present you initiatives that we believe have future promise.
Some of these projects will be incredibly successful, and your future self will thank you if you decide to keep your tokens.
Find out about the newest airdrops for holders of specific coins in our holder airdrops area
Airdrops and Bounties on Social Media
You’ll probably need active accounts on social networking platforms like Facebook, Twitter, and Telegram to participate in bounty airdrops.
Because certain drops require participants to show evidence of ownership in forum threads, you should also have a Bitcointalk.org account.
Joining a Telegram group and sharing posts on Facebook and Twitter are required for most bounty drops.
You’ll typically be asked to fill out a form with your login and wallet address after completing the procedures to reserve rewards.
What are hard forks, exactly?
When a cryptocurrency breaks into two currencies, it is called a hard fork.
Bitcoin Cash was the first hard fork, which split from Bitcoin at block #478,558 on August 1, 2017.
Since then, forks of Bitcoin and other chains have been popular.
We list hard forks mostly for educational purposes, but also because we consider them dividends and airdrops.
We are unable to confirm the safety or legality of hard forks, so proceed with caution and claim forks using the private key of an empty wallet.
Retroactive Airdrops
Uniswap introduced a new unique concept of airdrops by retroactively distributing their new governance token UNI to early Uniswap users that interacted with the protocol through trading or liquidity provision. Every wallet that interacted with the protocol before the snapshot is able to claim at least 400 UNI. Some users made millions of free money from the Uniswap airdrop. Those so called retroactive airdrops gained traction and several DeFi protocols soon followed.
Popular DeFi Retroactive Airdrops
The following is a sample of DeFi protocols that have distributed governance tokens to early adopters:
• Uniswap • Instadapp • Furucombo • dYdX
How might potential retroactive airdrops be discovered early?
You want to discover which procotols don’t yet have a governance token and would be worth interacting with in order to be considered for a future airdrop?
Keep an eye out for a Retroactive DeFi Airdrops section coming soon!
😉
Airdrops of NFT
Non-fungible tokens (NFTs) are one-of-a-kind, non-transferable tokens that can be used to represent real or virtual assets such as artwork, images, or other sorts of digital files.
In 2021, tokenized artworks became immensely popular, and some NFTs skyrocketed in value.
We’re also seeing more projects and artists deciding to give away their newly issued NFTs for free to raise awareness and encourage new users to join.
Disclaimer
Although we strive to list only legitimate projects, we are not responsible for any problems or losses caused by scams or inaccurate information. Make sure you never share your private keys!