Free Airdrop Crypto ..the basics
Let’s dig in to understand the viability of this approach and, most importantly, its implications for Bitcoin and Ether holders.
Why would a project distribute its tokens for free instead of selling them? The primary benefits for the company distributing the tokens are: a
- Raise Popularity: Getting a token into as many wallets and people as possible for building a strong base of active users, who just might end up being real customers. Breadth of distribution is typically the important metric, particularly given that many projects are trying to jump-start a network effect.
- Raise awareness: A lot of monetary interest is built once the token hits exchanges.
- Raise capital: To fund the future development and build-out of the project.
Participating in an Airdrop is simple. In an airdrop, tokens are allocated to existing holders of a particular chain — usually Bitcoin or Ethereum.
You discover, or are informed of an Airdrop, then fill out a telegram form, give your Ethereum (or relevant coin) wallet address, and Voila ! Free Tokens in your wallet a few weeks later.