Participants with strong hands were able to generate notable wealth by merely holding these airdropped coins through their volatile growth.
The following cryptocurrencies were initially distributed for free: These types of drops can create excitement which often results in significant price action for the particular coin. They also airdropped a monthly amount of Bytes into the wallets of Byteball holders proportional to the amount of BTC/GBYTE that they held during the drop. Holder AirdropsĪn example of a holder airdrop is Byteball, which was initially distributed to Bitcoin holders. Other projects are snapshot based, and can only be claimed by users who held the required token during the snapshot, which is a record of token holders taken at a specific time/block. Some “holder drops” will drop tokens automatically into the wallets of users who own a specific coin. The claim process differs from project to project. Holder airdrops have been a popular tactic amongst some of the most successful crypto projects, like NXT, WAVES, Bitcore and more. This can effectively lower the selling pressure of the coin.
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Airdrops can also create a vast network of users who are motivated to push a project’s success by doing things together like winning community votings for exchange listings.īy rewarding token owners with free airdrops, projects can also encourage users to hold (HODL) their coin for the long-term. Social media campaigns allow the project to become visible to people who would otherwise never recognize its existence. Airdrops are effective due to the endowment effect, a phenomenon in which people will ascribe value to things merely because they own them.īy conducting a bounty airdrop, a DeFi startup can create mass awareness about their project, token sale or pre-ICO with minimal cost to them. The more people who own a cryptocurrency, the more likely it is to become widely adopted and rise in value. Why are crypto projects and ICOs giving away coins for free?Ĭryptocurrencies only hold value because people believe in them and recognize their worth. Other airdrops will reward you for simply holding a specific coin without expectation of any reciprocal consideration. This offering creates a win-win scenario because the company gets free marketing, and you get free crypto.
Most of the airdrops that we present are “bounty” drops, which will reward you with tokens for completing simple social media tasks (Joining their Telegram group, reposting on Twitter, etc.). These free distributions are commonly known as airdrops. Many crypto companies distribute free coins to their communities to increase their project’s visibility, increase the circulating supply and stimulate trade. Choose an airdrop and follow the instructions provided to claim free crypto tokens, or vote for your favorite projects! What are airdrops & bounties? We verify and aggregate airdrops and bounties daily to bring you the most recent and profitable earning opportunities. Welcome to airdrops.io, a free source that presents the world’s most current and legitimate cryptocurrency airdrops.
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