What is an airdrop?
An airdrop for a crypto currency is a procedure of distributing tokens by awarding them to existing holders of a particular blockchain currency, such as Bitcoin or Ethereum. It is considered a marketing strategy, since its goal is usually to spread the word about a certain product, coin or exchange in the world of cryptocurrencies. Lately this strategy has become increasingly important due to various social networks, most notably Facebook, refusing to allow adds promoting various virtual coins. There are two ways creators distribute their tokens: selecting random wallets or publishing the event in airdrop lists.
With marketing options drying out for ICO’s we see a boost in the volume of projects that conduct airdrops. It has caught the attention of mainstream media like Bloomberg & Forbes, who wrote articles about the new phenomenon called airdrops.
There are currently five interesting ICO Airdrops you should not miss!
Where can I find airdrops?
Who doesn’t like free tokens? The first and biggest airdrop platform is AirdropAlert. They review all airdrops and list the ones that are legitimate projects, so you are safe when collecting them. Their social channels like Twitter and Telegram have grown passed the 100k mark and they have an email service to alert you of the best airdrops.
Airdropster held its own airdrop to bootstrap their airdrop community and is now a reliable source for airdrops.
Another good source that started in 2017 is AirdropAddict. They list the most current airdrops for your convenience.
What is a bounty?
Many ICO’s have bounties to create more exposure for their project. A bounty hunter completes jobs that have a set token reward for it. Examples of bounties are; write a blog, make a video, shares on social media or translate content. These tasks require more time than collecting airdrops, however the reward is often bigger. A bounty campaign can require a regular task over a longer period of time.
The term bounty hunter originated from the Old West in 1873. A bounty hunter is a person who captures fugitives and criminals for a monetary reward (bounty). The occupation, also known as bail enforcement agent, bail agent, recovery agent, bail recovery agent, or fugitive recovery agent, has historically existed in many parts of the world. However, today, it is found almost exclusively in most of the United States and its former commonwealth, the Philippines, as the practice is illegal under the laws of most other countries. It is now a common term in the crypto community.
Best source for bounties is BountiesAlert.com
We recommend you to always stay on your toes while conducting business in the crypto world.
A few tips to keep your coins in your pocket:
- Never give your private keys!
- Use 2 Factor Authentication on your wallets
- Be careful downloading wallets of smaller project, possibly use a Virtual machine.
- 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
- Do not invest if an admin sends a private message or email