Airdrop is one of the most admired events in the crypto world. It’s an event that connects the potential cryptocurrency projects to its audience. From the project side, airdrop is counted as a marketing gimmick to attract users to the platforms and from the user’s perspective, it’s a reward he receives that may have the potential to produce higher returns in the near future.
The top platforms like SushiSwap & LooksRare have airdropped their native tokens to drive traffic to their platforms. Before I take you through the free airdrops, we need to address a few questions about it.
Short on time? Watch the airdrop Web Story.
What is an Airdrop?
Airdrop is a marketing tactic used by cryptocurrency projects to promote themselves to the end customer. It’s a way to let the world know about their presence in a cost-effective manner. Airdrop is a timed event and the users who meets the criteria will be given the free tokens of the project.
Airdrop is not a random event, it is part of the tokenomics.
Types of Airdrops:
- HODL Airdrop
- Conditioned Airdrop
HODL Airdrop:
It’s a free airdrop to the users who’re already holding tokens of a similar project competing in the same space or holding the token of the same project. For example, Ripple XRP token holders received free XFLR tokens in a 1:1 ratio by holding XRP tokens in their wallets.
Conditioned Airdrop:
These airdrops require user to perform a set of actions in order to be eligible for the airdrop. For example, Ethereum L2 chain Optimism crypto launched an airdrop event & airdropped free OP tokens to the users who has performed transactions on the platform for the defined period.
Benefits of Free Airdrops-
- Value Marketing
- Return to Investors
- Better Reach
- Active Participation
Value Marketing:
Airdrops help budding projects save costs by allowing them to spread their message via free giveaways in the form of native tokens.
Return to Investors:
Airdrop is a low-risk high reward product for crypto investors. Anyone who has received the airdrops of the popular projects will agree with this statement. The user has to put the least amount of effort at a negligible cost to be eligible for airdrops.
Better Reach:
Airdrops help the project targets the relevant audience and expands its reach to the wider group invested in crypto projects. Airdrop is the fastest way to reach the user who’s exploring crypto projects.
Active Participation:
The airdrop event help increase the user participation and experience on the platform. For example, LooksRare marketplace had set a condition for the users to be eligible to receive the airdrop of LOOKS token.
Users have to visit the platform to claim the tokens. This event itself was helpful enough to drive users to the platform and increased the volume of transactions on the marketplace.
Are Free Airdrops Safe?
Many users have this question in mind while claiming the airdrops. In some cases, users have to connect their wallets to the airdrop platform to claim the free tokens. If the platform turned fluke, it can erase all their holdings.
Although this is a rare event but to be on the safer side, it’s always better to create a new wallet and claim the free tokens in a conditioned-based airdrop. This practice will keep your holdings safe & secure.
Remember to secure your holding on a hardware wallet like Ledger Nano S
Claim Free Airdrops:
We all need a trusted platform to claim airdrops of the top crypto project. That’s why we have Dappradar. It’s a platform that keeps track of the data of the top projects in various categories built on different blockchains.
In order to check the free airdrop and be eligible to claim it, you have to visit its Airdrop section and check for the weekly airdrop event like the one shared below –
Participation is free and to be eligible to qualify, users need to connect their wallets. After the said date, winners will be announced and the lucky ones will receive tokens of the project directly on their wallet, free of cost. Isn’t that a steal deal?
Watch the complete video for details –
That’s how easy you can participate and win free airdrops of the top crypto projects.
This completes my post on claiming free airdrops. In the next post, I will talk about Solana Smartphone & Polygon boom. If you’re a fan of blockchain technology then do share this post on your social handles and educate everyone around you. Remember to subscribe to my YouTube channel for more informative content, released every week.
DISCLAIMER:
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Paras is a blockchain writer & video creator at Katoch Tubes. In his free time, he loves watching space exploration documentaries & Hollywood movies.
