Crypto airdrop programs have been around for quite a while. These days, most crypto startups use airdrops to market their new products or source for crowdfunding. One reason why most crypto startups use airdrops is that they are cheap.
Taking advantage of airdrops has plenty of advantages. For one, you can expand your crypto portfolio without spending a coin. In addition, being among the first people to acquire a new crypto token or coin puts you on the front foot in case the asset loses value in the future.
If you haven’t heard of airdrop programs before, then this article is for you. In this guide, we will take an in-depth look at airdrops. We will also share reasons why you should always look out for upcoming airdrop programs.
How to Access Terra Airdrops
Some exclusive airdrop programs are often offered on a first come first serve basis. So, you need to ensure that you’re on the lookout for any news about new airdrops dropping. You can check up for the latest news on airdrop programs from airdrop aggregator sites.
The aggregator sites will typically send your notifications via email about any forthcoming airdrops. You can also look at more info about any incoming airdrop programs from social media forums with communities focused on crypto.
An In-Depth Look at Airdrops
Airdrops are a marketing technique that most crypto startups use. Ideally, the crypto startups offer free coins or tokens to a crypto enthusiast to create awareness. Most airdrop programs are advertised on the startup’s website or aggregator sites that post about crypto.
Crypto airdrop programs are available in different forms. The first type is the standard airdrop, which offers crypto investors free coins in exchange for a small marketing assignment. In some cases, the users may be requested to subscribe to a mailing list or even tweet about the new coin or token.
Bounty airdrops are usually given to crypto investors with large followings on social media or blogs. In context, the investors are often asked to blog or create content about the new token or crypto coins. The content creator gets the new crypto tokens or tokens deposited in their wallet.
Another famous airdrop program is the exclusive and holder airdrops. These coins are typically given to investors who already own other coins or tokens from the startup. Those who get the airdrops don’t have to offer any type of service in exchange.
Benefits of Airdrops
Airdrops are a simple way of earning and expanding your crypto portfolio. Most of the time, crypto investors don’t have to do any tasks to receive the free coins or tokens. However, though it may be profitable, there are risks involved.
Some of the risks involved include scammer websites that harvest data and have people signing up to spam promotions. The coins or tokens may lose value if they don’t perform well on the market. This, however, is not that big of a risk if you did not invest anything into it.