WHAT IS AN AIRDROP?An airdrop for a cryptocurrency is a procedure of distributing tokens by awarding them to existing holders of a particular blockchain currency, such as Bitcoin or Ethereum.
If you actively participate in Airdrops, you can earn around $100 per month.
Why should they give away free money? This is probably a scam, free money doesn't exist. Well, Yes, in 99% of the cases, if they're offering you free money it is probably a scam.
However, in this case, it's more of a marketing strategy:-
- A Token/Coin without a community is a useless token. People have to use it, to own it.
- Giving away free tokens/coins, free money, is a wonderful way to let the others talk about you, thereby, make cheap publicity.
- This is often used to reward holders or spread awareness for a new token.
WHAT DO YOU NEED?You require the following to participate in Airdrops:-
A Telegram account - 100/100 Definitely sure
ERC20 wallet address - 97/100 Almost Sure
Email - 90/100
A Twitter account - 30/100
Bitcointalk account - 10/100
A Facebook account - 10/100
A Medium account - 5/100
A Reddit account - 5/100
Phone number - 5/100
Other crypto wallets - 3/100 Very rare
Rarely, others can require accounts like LinkedIn, Discord and GitHub.
In most cases you DON'T need to hold anything to receive an airdrop, you only need a wallet address. But sometimes, they want you to hold a certain coin to receive free airdrops. Some airdrops now require a min of 0.1 ETH in your wallet to avoid fake accounts, but it's rare. I suggest MyEtherWallet (MEW) for ETH Wallet.
HOW TO BE SECURE:Since many of the ICOs and projects in this world are scams, it's possible that you’re giving your data to someone that is using it for negative purposes. My suggestion is the following:
- Don't ever give away your private key! (Most Important)
- Use a different password from your important accounts, try to use as many passwords as possible
- Create an alternate email, don't use your personal email for airdrops or website that you don't trust 100%. Don't register to strange websites with the email address associated with your exchange account or similar important things.
- Don't use your phone number associated with important accounts for the same reason that I mentioned above.
Finally, I have started a new Telegram Channel in which I broadcast only Genuine and Worthwhile Airdrops. You can follow me for regular updates. I assure that you will not regret it. You can also check this post here -
http://www.altcoinstalks.com/index.php?topic=11269Telegram Channel : t.me/airdrophunter8
Twitter : twitter.com/airdrophunter8
Contact for Doubts : t.me/airdrophuntr8
Courtesy: Several sources