What is AirDrop: how to get cryptocurrency for free

Today, earning on cryptocurrencies is gaining increasing popularity, and owning cryptocurrency is becoming fashionable — but quite expensive. And it is not surprising that earning on cryptocurrencies without investment concerns novice crypto users almost more than any other topic in the crypto sphere. Today, a relevant way to obtain cryptocurrency without investment is AirDrop and Bounty programs. What is a cryptocurrency AirDrop and how can you get cryptocurrency without investment – all the details, advantages, features and differences between AirDrop and Bounty programs in our article. After all, by understanding the features of cryptocurrency AirDrops, you can earn well for free and without investment by distributing tokens of various blockchain platforms, helping young projects become popular and enriching yourself at their expense.

What is a cryptocurrency AirDrop?

A cryptocurrency AirDrop is the free distribution by a particular blockchain project of its tokens.

The term was taken from the English language, where AirDrop means dropping cargo from an airplane (equipment, food) or an airborne landing. In the crypto sphere it is used rather in the first sense: blockchain projects "drop" cargo in the form of their tokens.

In the vast majority of cases, AirDrops are organized by unknown cryptocurrency startups for the purpose of promotion. Among them are cryptocurrency platforms, blog platforms, programs and applications, new currencies and others.

Startups can in this way attract investors, lure potential clients by offering them to use their services, or simply tell the crypto community about their existence in order to attract those users who will find the project interesting and useful.

Ultimately, the goal of an AirDrop is to advertise the project.

AirDrops are announced in different ways, but most often the same mechanisms are used as when launching an ICO, announcing Bounty campaigns or notifying the crypto community about new projects. Among other things:
- announcements are published on BitcoinTalk and other well-known crypto forums;
- it is announced on special platforms (such as Аirdropalert.com);
- the announcement is published on platforms that collect information about crypto projects (such as a crypto events calendar);
- groups dedicated to the project and its AirDrop are created on social networks, Telegram channels are created.
- it is reported in already existing groups and channels and so on.

The information is published shortly before the start of the AirDrop and is actively distributed once the token distribution has already begun. The announcement contains information about the project, its advantages and, of course, about the AirDrop itself and its conditions.

Cryptocurrency AirDrop: implementation options and conditions

There are two main options for implementing an AirDrop with differing conditions:
The first — when coins are distributed for free to all holders of a certain cryptocurrency. Moreover, they are distributed in proportion to the amount of cryptocurrency present in the holder's wallet. This type of AirDrop is sometimes called automatic, since in most cases the coins are automatically credited to holders' accounts.

Often such an AirDrop is organized by hard fork developers. As a rule, in hard forks the "parent" cryptocurrency is optimized or, at least, an attempt is made to improve it.

This makes the owners of the "parent" coin the developers' main target audience: if a person uses a certain currency, then they should be interested in its improved version — that is, the hard fork.

An example of such an AirDrop can be the distribution of Bitcoin Cash coins to Bitcoin holders in an amount equal to the number of Bitcoin coins in each holder's account.

Sometimes the condition for receiving free tokens is having a certain amount of cryptocurrency in the wallet. For example, Bitcore was credited only to those Bitcoin holders who had more than 0.01 BTC in their account.

Some tokens are distributed to holders of third-party cryptocurrencies, as, for example, Stellar Lumens was distributed to Bitcoin holders. Now there are many AirDrops that require having a certain amount of Ethereum in the account.

The second option for implementing an AirDrop is the "reward." It consists of distributing tokens to users who help promote the project. Essentially, this is the case when anyone willing can get cryptocurrency for free. But, of course, the project's founders are not interested in giving away tokens to people who will simply leave their wallet address, receive the coins and disappear without any gratitude. Therefore, they spell out the conditions of the distribution.

The conditions are different each time. What unites them is that they are all, as a rule, aimed at advertising the startup and are generally simple for any person who knows how to use a computer. For example, these can be reposts on Facebook or Twitter.

Some startuppers, by distributing tokens, "buy" a place in the signature of active crypto forum users. Often, in exchange for free tokens, users have to register somewhere, become a member of a community, leave a review.

For promotion through users, Telegram channels, other messengers, social networks and other social platforms can be involved in an AirDrop.

Cryptocurrency AirDrop and Bounty campaign: the main differences

The "reward" option is often confused with Bounty campaigns. This implementation of an AirDrop has features in common with Bounty, but ultimately these are different ways of earning — for several reasons:
An Airdrop is simpler than Bounty and imposes far fewer requirements. In a "bounty" special skills are often required, for example, in the field of programming, design, command of languages. Developers who organize a "bounty" look for competent people; developers who organize an AirDrop put forward no special requirements. Bounty campaigns on social networks and forums require a participant to have not only a large number of subscribers, but also a certain literacy and an understanding of the basics of marketing. An AirDrop has none of this: this phenomenon involves the simplest monotonous actions that do not require creative work.
An Airdrop is simpler to implement. Registration in a Bounty campaign can be lengthy, and rewards often have to be waited for a couple of weeks, or even more. Registration in an AirDrop as such may not exist at all (although more often a Google form has to be filled out), and coins arrive in the account much faster. However, sometimes with an AirDrop too you have to wait quite a long time for the reward, but this is usually due to the incompetence of the developers, and not to the features of the AirDrop.
The size of the reward in an AirDrop is much smaller than in a "bounty." On various forums, users tried to calculate the difference and came to the conclusion that when participating in several projects at once it ranges from tenfold to twentyfold. Of course, this is extremely inaccurate information, but the fact that AirDrop rewards are several times smaller than Bounty rewards is a fact. On the other hand, the effort required is often ten times less.

Cryptocurrency AirDrop: the main advantages

The positive aspects of an AirDrop are obvious:
- the user gets cryptocurrency for free, which may later rise in price. You should not count on substantial profit. But if the project is promising or well-promoted, then 50-100$ can be obtained at a certain moment.
- a minimum of effort expended. "Automatic" AirDrops require no effort at all. In the case of "reward" ones, you will need to make a repost or register somewhere, but pressing a few buttons can hardly be considered a significant effort.
- one AirDrop project requires less time investment than working with one, for example, cryptocurrency faucet.

Cryptocurrency AirDrop: the main disadvantages

An AirDrop has its disadvantages too:
- "Reward" AirDrop projects often require the user to have well-promoted accounts on social networks and messengers. For example, the conditions of many AirDrops specify the minimum allowable number of friends or subscribers to participate in the project; a certain status on the forum is often required. In other words, an absolute beginner often has no chance. Moreover, the principle of proportionality usually works: a participant with 100,000 Twitter subscribers can claim a more or less tangible amount of coins, while a participant with 500 subscribers will receive crumbs.
To get a noticeable amount, you need to become a participant not in one and not in ten AirDrop projects — you will need hundreds and almost thousands. If participation in one project requires from half an hour to an hour of time to study the conditions and fulfill them, then participation in a hundred projects requires serious time investment. 50$ is a low payment for a hundred hours of working time, and it is not even certain that it will be 50$ and not 20$. In terms of time resources, the prospect of getting 50$ "for nothing" loses a significant part of its appeal.
- Projects are by no means always successful. Some tokens never make it onto cryptocurrency exchanges. There are also delays in token distribution, unforeseen changes to rules and conditions, and so on.
- Among AirDrop projects there are very many fraudulent ones that use social engineering methods or banal viruses to steal money from users' accounts. For example, an AirDrop project is announced that gives away tokens for free to holders of a certain amount of Ethereum, Bitcoin or another currency. On the registration page you are required to provide personal data, such as the wallet address, email and the amount of money in the account. Even providing this information makes the user's crypto wallet more vulnerable. Sometimes it gets to the point of absurdity: the user is asked to provide the private key to the wallet to verify the amount of funds in the account. The saddest thing is that many people provide the key — and instantly lose their money. Phishing sites, financial pyramids and much more are often found in AirDrop projects.

Is it worth participating in a cryptocurrency AirDrop?

However, it is probably not worth completely writing off AirDrop as a method of earning.

Holders of popular cryptocurrencies may well consider it as a source of additional income and monitor projects for those that distribute tokens to owners of one or another currency: there are many of them.

True, the majority of fraudsters concentrate precisely here, so every step must be careful — from checking the website address to entering personal data (among which there must under no circumstances be private keys, passwords and seed phrases).

AirDrops may also turn out to be useful and interesting for people who have long been registered and lead an active life on crypto forums. As a rule, they have sufficient status to participate in AirDrops, and they will not need to promote an account for it: the additional income will not require any effort.

It is also logical for those people who have well-promoted social network accounts to make use of their efforts — whether it is an account for advertising another product or service, a fake one and so on. With several thousand users among friends or subscribers, it is quite possible to earn on an AirDrop.

As for users who do not have cryptocurrencies in their account, well-promoted accounts and statuses on forums, the advisability of promoting a profile specifically for AirDrops is in question.

With a large amount of free time and an interest in cryptocurrencies and startups that will allow, at a minimum, communicating on forums, this may make sense; otherwise, it is hardly a successful undertaking.

If you have little knowledge about cryptocurrencies and little time, you can monitor AirDrop projects in search of those that do not require well-promoted accounts and the presence of cryptocurrencies in wallets, but set other conditions more suitable for the user. There are few such projects, but they exist, and theoretically participation in a few dozen such AirDrops can pay off.

Probably the main thing, if you want to use a cryptocurrency AirDrop as a source of income, is to remember that, although financial investments are not required, investments in the form of your own time are necessary — and sometimes considerable.

Whether the resulting income will pay off given these investments is decided only by the user, evaluating the cost of their time resource.

AirDrop and Bounty programs are an opportunity to obtain cryptocurrency without investment
Among the ways of earning on the internet there are also such as AirDrop and Bounty – this is an opportunity to earn cryptocurrency without investment. And what is a cryptocurrency AirDrop and how can you get cryptocurrency without investment – all the details, advantages, features and differences between AirDrop and Bounty programs in our article.
A relevant way of obtaining cryptocurrency is Bounty programs and Airdrop.
Among the ways of earning on the internet there is also a method that has been given the name cryptocurrency AirDrop.

What is AirDrop: how to get cryptocurrency for free