China plans to limit power use by some bitcoin miners, people familiar with the matter said last week, a potential challenge to an industry whose energy-intensive computer networks enable transactions in the cryptocurrency. The People’s Bank of China outlined the plan Jan. 3 at a closed-door meeting, according to the people, who asked not to be identified because it wasn’t public. They didn’t detail how authorities plan to enact the curbs.

South Korea began inspections at six banks including Industrial Bank of Korea, that provide virtual accounts to companies related to cryptocurrency trading, to clamp down on potential money laundering. The nation last month said it will restrictively allow cryptocurrency trading on only qualified exchanges and review a possible capital gains tax on crypto trading as a way to restrain the nation’s frenzied speculation.

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A Bitcoin wallet is like a wallet with cash. If you wouldn't keep a thousand dollars in your pocket, you might want to have the same consideration for your Bitcoin wallet. In general, it is a good practice to keep only small amounts of bitcoins on your computer, mobile, or server for everyday uses and to keep the remaining part of your funds in a safer environment.

How do I keep my cryptocurrency safe?

The safest way to store your airdrops are hardware & cold storage wallets. These wallets store your coins offline, and therefore protect them from being hacked. There are a number of hardware wallets available. We would advise to use the Ledger Wallet Nano S or Trezor.

Not all cryptocurrency can be stored in hardware wallets. We advise you to store your crypto in wallets where you control your private keys. You don't want your free crypto to be stolen!

To avoid scams we have a few general rules:

    Never give your private keys!
    Use 2 Factor Authenticator on your wallets
    Be careful downloading wallets of smaller projects
    Never click on links redirecting to wallets
    Don’t use your main email address to apply for airdrops
    Don’t re-use your passwords when you register on a website
    Don’t send small amounts of crypto to receive your airdrop

Why would blockchain projects give away free tokens?

If you're not paying for the product, you are the product. With doing an airdrop the project creates awareness about their ICO or token. It brings people to the project that otherwise would not have owned or heard about it. It could lead to token price appreciation, since people value a token they own higher than a token they don't own. This is called the endowment effect.

Airdrops create a community/network of people who own the tokens. If you would list the token distribution after an ICO in a pie graph, a large part of the pie is still owned by the Dev's or project. Another large part is owned by people who joined a pre-sale. And a reasonable part is owned by people who invested in the ICO. An airdrop adds an extra slice to the pie and that slice will have the most people in it.

An airdrop also plants a seed. When you look at Coinmarketcap you will see a list of thousand coins. Just on page one you can see 100 coins listed. However if you have or had a coin that name is still in your brain. The seed is planted and whenever you check Coinmarketcap and scroll down, the name of the free e-Coin will jump out and people will check how it is doing. If they see an article that the free e-Token is doing well or bad, they are more likely to click it if they own it or previously have owned it. It's just like advertising!

Looking​ ​forward,​ ​possible​ crypto ​airdrop​ ​developments​ ​could​ ​be​ ​projects​ ​starting​ ​to​ ​gift​ ​tokens​ ​to​ ​users​ ​who hold​ ​tokens​ ​in​ ​projects​ ​that​ ​overlap​ ​or​ ​have​ ​some​ ​synergy​ ​with​ ​their​ ​own.​ ​We​ ​could​ ​also​ ​see​ ​projects encouraging​ ​other​ ​projects​ ​to​ ​airdrop​ ​to​ ​their​ ​token​ ​owners​ ​and​ ​receiving​ ​some​ ​benefit​ ​in​ ​return. Like we already see happening at the Ethereum, Waves, NXT & Komodo platforms.

What is a crypto airdrop?

A​ ​crypto airdrop​ ​is​ ​when​ ​a​ ​blockchain project distribute​s free​ ​tokens or​ ​coins to​ ​the​ crypto ​community.

To​ ​be​ ​a​ ​recipient​ ​of​ ​an​ crypto ​airdrop often​ ​the​ ​only​ ​requirement​ ​is​ ​that​ ​you​ ​have​ ​coins from the relevant blockchain stored​ ​in​ ​your​ ​wallet. Examples of this format of airdrops are Byteball, Stellar lumens and OmiseGo.

Other crypto airdrops require social media posts or you need to contact a member of the team on the forum. These projects use an airdrop as a marketing campaign.

The​ ​format​ ​of​ ​these​ crypto ​giveaways​ ​is​ ​usually​ ​like​ ​this:​ ​At​ ​a​ ​pre-announced​ ​time​ ​the​ ​project​ ​behind the​ ​event​ ​will​ ​take​ ​a​ ​”snapshot” ​of​ ​the​ ​blockchain,​ ​and​ ​anyone​ ​holding​ ​Ether or Bitcoin​ ​at​ ​that​ ​point​ ​will​ ​receive​ ​a certain number​ ​of​ ​free​ ​tokens.​ ​This can also be done on other blockchains, but Ethereum and Bitcoin are the most used for this airdrop format.

Another possible way to get free crypto is a faucet. This means you get a small amount of free crypto for a longer period of time. An example of this one is a crypto wallet that drops Bitcoin, NEO, Litecoin, Dash & more every day, click here to check this out.