What is Cryptocurrency AirDrop?
A crypto airdrop is when a CryptoCurrency project distributes free tokens/coins as a reward to the people who perform certain tasks at these project’s request.
These Cryptocurrency projects use an airdrop as a marketing campaign and people like you and me get benefit out of it. To be a recipient of an crypto airdrop often the only requirement is that you sign-up with few details and/or share a word about them on social media.
How much money can I earn from an Airdrop?
It depends..When an ICO does an airdrop we base the estimated value of the token/coins based on ICO price of tokens.
Believe it or not, but with minimum efforts you can earn as much as $200 from just one Airdrop (Polymath did an airdrop now worth $300). Not all Airdrops are as lucrative as worth $200 but it still is a wise choice to apply for all Airdrops.
What’s in it for me?
Well, you can sell the coins that you receive from an airdrop on Cryptocurrency exchanges, for real money.
Yes, you read that right. REAL MONEY!!
How long do Airdrops last?
There is no predetermined time.. Some of them last for weeks or even months, some of them last only a few days.
Where do I sell my crypto tokens/coins received from Airdrop?
Many coins that do airdrops are PRE-ICO or just finished their ICO. This often means it is not available for trading yet on the bigger exchanges. Once they hit good exchanges you can either sell them on crypto exchanges or hold them for longer in anticipation of hike in coin’s value, to gain more money.
Different coins may hit different exchanges. There are several different Crypto-Exchanges so, we suggest you make an account at exchanges when You know which one is hitting your crypto token.
However, here is a short list of TOP exchanges You may want to join:
How do I check token balance?
Step 1: Open this site etherscan.io
Step 2: Input your wallet address in search box.
Step 3: Hit enter to view token balance.
How long should I wait for my coins?
Usually, it takes about 1-2 months after the end of the airdrop before you receive your tokens. This is primarily due to the fact that many airdrops occur before or during token sales, in conjunction to spread awareness. And tokens are not distributable until the end of a token sale anyway.
To check your wallet info and see if the token has appeared in your wallet yet, just go to Etherscan (etherscan.io). Type in your ETH address into the search box.
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