Topic: What is Airdrop? (Read 339 times)

There are two types of airdrops. Usual airdrop means projects wait for investors to get tokes, but the other airdrop airdrop means project give their tokens randomly to investors.

Hi mate,
Airdrop is a campaign which a company run when they want to marketing their project. Participants will receive rewards in coin, token by doing simple tasks such as join their Telegram groups, like and follow Twitter or FB pages.

Airdrop is a free coin or token distribution by a cryoto company, which might require wallets, social media hurdles and referrals links.
Some airdrops are given when certain tasks or services are performed.. Airdrops are basically done to create awareness for a coin or token

This is a great question!

The answer is: Usually not.

Most ICOs (regardless of how the coins are distributed or acquired) end up failing. The only way you're able to use your coins received from an ICO bounty campaign is if an exchange decides to support that coin. Then you can move them from the initial wallet to the exchange and trade them for another currency.

If an exchange doesn't support the new token/currency you will never be able to realize any value or "use them".

This is part of the major risk with new cryptocurrencies and why so many people are keen to acquire them "for free". Advertising a new token ICO in return for payment in those tokens feels like free money, therefore less risked.

Airdrops  are nothing but promotional techniques used by companies to increase their prospect base. Airdrop is a free distribution of tokens/coins . A true airdrop will not require you to do anything, except putting  an Ethereum address  and your basic details like name , email etc  to receive the tokens but in some cases  you are supposed to follow the companies pages on telegram, twitter, Facebook etc .

to Sum up in air drop you earn free tokens/coins .

A Question is arising in my mind that if we receive these airdrop coins will we be able to use them ? I Mean to say that for example we got 100 Coins in an airdrop can we exchange them for other valuable coins after the launch or do we need to invest more in that coin to make those free coins eligible to work. I had some questions. Instead of making a New thread i thought this thread could be helpful. I just know a little about crypto. The only business i have done with crypto is to buy coins and sell them when they gain some value. Now i want to dig deep into this thing.

Only because people confuse the meaning. If you have to do work to receive the coins/tokens, it's compensation for services rendered, not an airdrop. This isn't one definition we're talking about. People would be changing multiple definitions of terms if we say that payment for participation in a promotional campaign is an "airdrop".

I've been around a long time, I'm telling you the correct definition. If y'all want to ignore me and keep spreading information, that's your choice. I also suspect that it's this kind of attitude, i.e., the low willingness to learn this industry, that leads to so many of you Newbies and Jr. Members becoming the target of the new merit system and other angst around the forum.

I'm trying to help you guys, ignoring me just contributes to your ignorance.

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This is a great question, but airdrops and bounties aren't really the same thing so it's hard to compare.

The answer depends on what cryptocurrencies you already own.

If you don't own any crytpocurrencies then you should check out a Bounty campaign, which is the act of getting paid for promoting some new cryptocurrency or token. This is income for you working on the promotion team. Some people incorrectly refer to this as an "airdrop".

If you already own cryptocurrency you can see which currencies/tokens are going to be the target of a hard fork (and therefore an airdrop) and then buy that target currency/token before the hard fork occurs. This will entitle you to receive the airdropped coin. Other (much less common) scenarios do involve simply registering an account with the cryptocurrency/token that's about to be released.

The disadvantage of all cryptocurrency ICOs is that if that reglardless how you obtain them or why; They are all very risk and most of them fail. So if someone is giving away tokens, go for it...take a shot. But know that most of these coins are never able to be traded for anything. You need an exchange to support the currency/token for you to exchange it for Ether or Bitcoin or some other mainstream currency. This often never happens.

The biggest advice I can offer is be VERY careful if you're considering buying tokens for an ICO. If they don't have a sound business model they will surely fail.

Hi, I would like to ask what is better AirDrop or Bounty??
Thanks for the answer)

Airdrop is something like a giveaway for those people in this forum that is junior member or higher rank. It is also capable of being fast in distributing coins for those who submitted to join.
   

That probably was true for a while, but as time went on the term was used for other purposes (mostly by crypto marketing teams, I'd bet), which gave it additional meaning.

This is also from the wiki page:


None of those should be necessary if airdrops, in this sense, were strictly referring to just forked coins. You only need your private key for Bitcoin Cash, for example.

This site also describes it in a different way:


The newbies are probably just referring to the colloquial meaning of the term, rather than the traditional one.

Airdrop is some kind promotion methodology that most ICO use. We have to do some small work for them like sharing a post, following on twitter etc or just apply by filling the a form with our information. Applying for airdrop is very easy. With that Airdrop we can earn some coins free(most of the time small amount)

AIRDROP is nothing  but a promotional technique being followed by many ICOs .  In AIR DROP participants get free Token /coins for being a part of the group or doing small tasks on FB , telegram , twitter etc .

Airdrop is a free coins or tokens distribution. Use of this technology is possible both during the ICO and after its completion. The main criteria of getting free tokens are a positive wallet balance and possession of the keys from it.

Some project give away alot of tokens. Others give small amount.
They can use Airdrop campaign to advertise their project. At the first they give free, then they will sell  their tokens.
Some project  don't have ICO, they use Airdrop campaign to make a strong community and sell their tokens

How many tokens should be distributed?

In short: Airdrops are a way for a crypto project to gain attention or promotion. A participation in an Airdrop will get you free crypto assets for registering an account or filling a form .
Hope i could help, peace 

When the developer of a crypto project want its new coin/token to be adopted by users and he need to advertise the new born token/coin, he organizes an airdrop.

An airdrop means free coins/tokens for a certain number of users that subscribe to the airdrop in order to participate to the free delivery of the coins/tokens. Most of airdrops are ethereum blockchain based projects so that if you give your ethereum address to the developer that organize the airdrop, he will send you a quantity of coins/tokens directly on your ethereum wallet.

This is a general answer, than airdrops can be very different one from another in function of their blockchain or objectives, but basically is a free distribution of tokens to a certain number of users.

A lot of airdrops are fake and a waste of time, very few are good deals.

Another prime example of a Newbie member of this forum:

(1) Confusing compensation for promoting a new token OR participating in a promotional giveaway with the term "airdrop", and

(2) Not bothering to read through the thread before responding

Everything randomduck mentions above is incorrect related to what an airdop is. What randomduck is describing is a promotional giveaway or a bounty campaign (i.e., compensation).


This is also a prime example of why Newbies struggle to earn merit from their posts.

It's usually something done by new coins, where you can "apply" for the airdrop, and if you meet their certain list of requirements, then you are eligible to receive free coins or tokens by them

Typically, these requirements involve you having an active profile on the native coin's forum, or on a separate forum. The reason for this is that shows that you are sharing this new coin with a wider community, and possibly on a more popular forum.

For example, I have seen coin airdrops that require for you to have an active profile on this forum, as it is so popular so that you can promote their coin to other users who share interests in crypto-currencies.

In shorthand, it is the makers of the coin "giving away" coins to certain user's for free in order to spread awareness.

All of the comments quoted below are wrong - these are not what airdops are!





This comment from MintDice (below) is the only correct answer thus far.


An airdrop is...

• ALWAYS associated with a hard fork attempt
• The release of a new coin by way of a hard fork, the forking coin needs to giveaway an amount of their coin equal to what wallets hold of the target coin (the one being forked),
   and to do this they grant owners of the target coin the new coin at a specific date and time, seemingly out of thin air...thus "airdrop"

An airdop is not...

• A bounty campaign
• Given for doing work, e.g., performed to promote a new token release, community tasks, registration, etc.

The confusion is driven from a lot of the bounty campaigns out there - campaigns give out coins as compensation, income, for promoting the coins. And people who are new to Bitcoin and participate in these campaigns confuse the compensation that they are getting with the term "airdrop"...and then spread the incorrect use of the term.

And if you don't want to take my word for it, here's a source: