Airdrop: A Free Entry into the Digital Currency Market
The term “Airdrop,” which means “aid from above,” refers to the distribution of new cryptocurrencies at no charge. The idea behind an airdrop is to create awareness and build recognition for new or recently produced coins within the digital currency sector. A portion of the coin’s supply is distributed for free to establish a solid community or execute various marketing strategies.
How to Participate in an Airdrop?
To participate, you must first find coins that are conducting airdrops. Coin developers announce airdrops and their conditions on their official websites, forums such as Bitcoin Talk, or other communication channels. Users who fulfill the specified conditions can benefit from airdrops by following the steps outlined in the announcement. The coin creators structure the participation requirements based on their objectives to maximize engagement.
Who Can Receive an Airdrop?
An airdrop may be distributed unconditionally or awarded to people who meet certain criteria on major forums such as Bitcointalk or perform specific tasks. Requirements could include reaching a certain status on forums, subscribing to Slack or Telegram, tweeting from Twitter accounts, or sharing posts on Facebook.
Is an Airdrop Profitable?
Once the coins from an airdrop reach you, and if they are listed on a cryptocurrency exchange, you can either instantly convert these gift coins into Ethereum or Bitcoin or choose to keep them in your digital wallet as an investment. Coins distributed via airdrop typically have an initial value of around $5 to $10. However, for various reasons—such as the coin not reaching its expected value on crypto exchanges, failing to list on any exchange, or the cancellation of the airdrop—there may be no earnings at all.
Of course, these are just probabilities. We must consider both positive and negative possibilities. The opposite scenario is also possible; the coins you receive through an airdrop may unexpectedly increase in value, reaching astronomical levels.
In a short time, by meeting the conditions of airdropped cryptocurrency, you might receive coins without any fees, which could open doors to unknown opportunities. Since you are not required to pay, you’re essentially starting with a gain of any potential profit.
Referral Systems in Airdrops
Some airdrop campaigns use a “referral system” to reach a wider audience. By sharing airdrop details with friends, you may increase the number of coins you receive.
How to Find Out About Airdrops?
The best way to stay updated about airdrops is, of course, the internet. You can follow airdrop sections on forums like Bitcointalk and obtain information as quickly as possible. Additionally, airdrop information is frequently shared on large social media pages with 15 to 20 million followers.
Havven Announces a Massive Airdrop!
The company Havven is distributing 2 million tokens for free to support the promotion of its cryptocurrency project, “Stablecoin.” Havven, a decentralized payment network, announced the airdrop ahead of its token sale. The airdrop campaign will distribute 2 million tokens, valued at over 1 million dollars. You can obtain Havven tokens for free before the token sales start on February 28, 2018.
Following the announcement, Australia’s largest airdrop campaign had 50,000 applicants within the first 24 hours. To apply, simply visit the site airdrop.havven.io, complete the application form, and subscribe to Havven’s Telegram channel.
Havven claims to address one of the biggest issues in digital currencies: short-term fluctuations. Using blockchain technology, the Havven platform is the first to offer a decentralized solution with a dual-token system that prevents sudden losses in value. Havven aims to create a practical and comprehensive digital currency, Stablecoin, which can even be used for daily needs.
Through the airdrop campaign, Havven has quickly raised awareness and increased its recognition to the highest level in a short period.
