What You Need to Know About Cryptocurrency Airdrops

 What You Need to Know About Cryptocurrency Airdrops

What is a Cryptocurrency Airdrop?

In the crypto world, an airdrop is a free, often automatic distribution of cryptocurrency to a certain group of people. In this article I’ll quickly cover why airdrops happen, how you can get in on the action and receive free crypto via airdrops, and some side effects airdrops have on the crypto marketplace.

Why Give Away Cryptocurrency?

You may wonder why anyone would give cryptocurrency away for free, and that’s a good question. Here are three reasons why airdrops are a thing:

1. Airdrops act as a reward for prior participation or early adoption in a related project.

Airdrops are often distributed through an associated network or channel. A few examples:

    • Every user of the Binance cryptocurrency exchange received 500 Tron when the Tron airdrop occurred. Binance was one of the first major exchanges to list Tron.
    • OMG tokens were airdropped to every Ethereum address that had a balance over .1 ETH. The OMG token is currently an asset on the Ethereum platform.
    • All EOS holders with a balance of more than 100 EOS will receive an equal number of eosDAC tokens. eosDAC tokens will be used on of the EOS platform.

2. Airdrops spread awareness about new projects and create marketing buzz.

Airdrops can put new tokens in the hands of millions of potential users. Many of those users will read about the token, learning its use and gaining brand exposure, even if users only go on to sell the coin. This also leads to an entire community of crypto enthusiasts who try to get as much “free money” as possible by watching for and participating in airdrops.

3. Airdrops sidestep government regulation in fundraising.

In countries like the US, there is much debate about whether digital tokens are securities or not. If cryptocurrencies are treated as securities, then companies issuing crypto must follow a long list of regulations in order to raise funds by issuing digital tokens; however, distributing the tokens for free limits regulatory risk for organizations creating the tokens. This doesn’t mean token issuers won’t raise any money. Issuers who use the airdrop method will often keep 10-20% of all created tokens, which they can sell at an exchange to pay for operating costs or salaries.

How Can I Receive Free Crypto from an Airdrop?

There are a few main ways in which you can benefit from a cryptocurrency airdrop.

Own a partnered/related cryptoasset.
Many airdrops automatically send you the airdropped currency as long as you hold a certain amount of tokens at a specific time, called the snapshot.

For example,
OMG tokens were airdropped if you had at least 0.1 ETH in your account at 4:36pm on July 7th, 2017. In this case, the snapshot would be a record of all ETH account balances at that exact time. If you had enough ETH at the snapshot time, you would receive the airdropped OMG tokens, even if you sold all of your ETH the next minute.

Use a partnered service
such as a cryptocurrency exchange that will list the new token.

Register for the airdrop.
Some airdrops simply require registration of your public address, and some coins have even been airdropped as a reward for early email list subscribers.

 

Scammers have created fake airdrop registration sites. Be aware, and as always, never send anyone your private keys.Not all airdrops are the same, so make sure to read the rules and requirements for each individual airdrop. One common best practice is to have airdropped tokens sent to an account you control, not an account you have through an exchange; many exchanges may not initially support the airdropped token, meaning you wouldn’t have access to the new token until the exchange supports it.

How Can I Find Out About Airdrops?

You can find out about major upcoming events regarding crypto, including airdrops, at coinmarketcal.com, a useful cryptocurrency calendar that offers a number of search options. Or, for more airdrop-specific info, use airdropalert.com, which lists upcoming, active, and past airdrops and currency forks.

The Unintended Consequences of Airdrops

Speculation

Whenever “free” crypto is created, either by airdrop or fork, the market takes interest. Many traders will buy up the related asset needed for the airdrop, hoping to profit from the airdropped coin, and prices tend to rise as the snapshot date comes closer. Then, after the snapshot has been taken, many of those same traders will immediately sell the related asset (because they know they will receive the airdropped coin), crashing the related asset’s price. A picture-perfect example of this can be seen when ZClassic forked and all ZClassic holders received Bitcoin Private. Notice the price rise before the snapshot date, pause in trading during the snapshot, and subsequent sell-off of ZClassic. This in turn has caused speculation into buying the related asset early and then hoping to sell it for a profit just before the snapshot is taken.

Scams

A number of scams have arisen regarding airdrops, and one of the most common scams has been the creation of fake websites where you can “register” for the airdrop by sending in your private keys. Never, ever, ever give your private keys out, especially over the internet.

Conclusion

Airdrops are a great way to get some extra crypto and diversify your investments, but be careful about chasing after assets solely because you expect them to give you an airdropped coin; there is no guarantee on the value of either coin after the airdrop happens. Instead, you may want to consider investing a portion of your cryptocurrency portfolio into cryptos that are more likely to experience airdrops, such as platforms like Ethereum, Neo, EOS, etc.

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Block Adopter

https://blockadopter.com/cryptocurrency-airdrops/

Cryptocurrency airdrop What is a crypto airdrop?

Cryptocurrency airdrop | What is a crypto airdrop?

Welcome to the future,

where you can create money from nothing! Well not nothing. But it certainly feels like it. Indeed, these days you see dozens of crypto airdrops. And many people are now looking to get free token everywhere. Because it’s free of course, it’s made from air. So what is a cryptocurrency airdrop?

What is a crypto airdrop?

Let’s start with the airdrop cryptocurrency meaning. A? ?crypto airdrop, short of cryptocurrency airdrop,? ?is? ?an event during which ?a? ?coin project distribute?s?? ?tokens or? ?coins to? early adopters, ?for free. And there aren’t many requirements to get the free tokens or coins. But you may have to give up a little bit of privacy… Universa.io for example, was asking users to share their Facebook contact list for example. Or POW Token was asking to create a post about their coin airdrop. Also, you may have to have coins from the specified blockchain in your wallet. OmiseGo, which made a very popular airdrop, required participants to have Ethereum for example. A coin airdrop may be done on any blockchain. But the most popular ones are bitcoin and ethereum.

Beware of scams!

Anyone can offer a crypto-airdrop, and that includes unscrupulous people. If a developer asks for your private keys, don’t share anything. Otherwise your coins will be stolen!

How does a cryptocurrency airdrop works?

Now that you know the crypto airdrop meaning, how does it actually work? Airdrops are a brand new format to distribute tokens in the crypto world. And there’s no standard rules yet. Maybe in the future, with the increasing popularity. But right now, each team offers a different set of rules. Despite a few websites displaying the rules, you may have to contact the developer directly to learn more.

Midas’ touch

You should register to bitcointalk forum to keep updated about crypto airdrops, or even apply to some of them. And make sure you’re an active member with a few posts. Because the developer may decide to kick out the noobs…In the case where you need to have specific coins in your wallet, the dev team will make a photo of the corresponding blockchain. And people holding the cryptocurrency in their wallet at that time will be entitled to get the tokens. While sometimes you may get the tokens automatically, you could also have to claim them on the project’s website.For the airdrops on social media, you may have to share or retweet the link of the project. Therefore, you may need a certain number of followers to be eligible. Some developers also require to share your contact details.

Surprise airdrops, really?

This is the best part! Indeed, you may have received some free coins, without even knowing it. I mean until you check your wallet. Because some platforms did give away some tokens to the users holding some of their coins, just like that. I’d recommend you to hold a little bit of each coin, at least the most popular ones. Because the more coins in your portfolio, the more freebies you can get!

Why TF do people give away free tokens?

To raise awareness for their crypto-currency project, of course. Indeed, it’s free advertising too. And to create a community around it. Because if you give some coins to a user, he’ll get involved to make it bankable. Finally, to cause the new currency to appreciate. Finally, it could be also to create a lead database for a cheap price. Indeed, these companies collect all the data they can in exchange of a few worthless tokens… You know the saying: If you’re not paying for it, you’re the produtc!

What to do with my airdropped coins?

Youhou, you got some free coins! But what now? Well, at the beginning there’s nothing much to do. Because nobody knows this currency… And it’s not even available in the exchanges. Sure, you can receive and send some coins with your friends, but what for? Despite the value the project announces, it’s really worth nothing. It becomes interesting when the new crypto arrives in the exchanges. And you can know the real price of what you got. The chance is that most people want to sell their coins, to get “real” money from it. So the price may not be up to your expectations… But you don’t have to sell your free crypto, you can hold it and use it later.

How do I keep my new cryptocoins safe?

First of all, you need a crypto wallet, to be able to receive, hold and send the new crypto. Then you have to own the private keys to your coins & tokens. Otherwise they’re not yours, period. Also, you can share your crypto address, to receive your cryptocurrency airdrop. But you must never share your private key! If you do, someone will steal your coins, for sure.

Article Produced By
Best Bitcoin Alternative

https://bestbitcoinalternative.com/resources/cryptocurrency-airdrop/

What do you think about crypto airdrops? Are they profitable?

What do you think about crypto airdrops? Are they profitable?

 

If you are a fan of action movies just like myself,

then the first image that comes to mind whenever ‘airdrop’ is mentioned, may be airplanes dropping war machines or relief materials out of the sky. However, this is far from what it means in the cryptocurrency space. I bet you’ve been seeing the word [airdrops] attached to a lot of cryptocurrencies, and particularly ICO projects. So, what really is an airdrop, in relation to cryptos?

An airdrop is a distribution of pre-mined coins (cryptos) to early supporters of a project. Think of it, like free coins waiting to be picked up for doing close to nothing. Yes, that’s right. Getting free cryptocurrencies from airdrops requires little to no effort. As crazy as this may sound, many crypto enthusiasts are making money from airdrops. And while it may appear illogical for companies to throw some cash away in the name of airdrops, the entire process is actually a core marketing strategy. After all, nothing is free.

Blockchain-based businesses, new and old, often use airdrops as a means to create some buzz about their projects, or reward loyal HODLERS/supporters. The idea of getting some money for simply inputting your email, joining a Telegram group, and performing some basic tasks like twitting about a project sounds interesting. We all like easy money, don’t we? In the process of doing this, we unknowingly let out some of our details such as email, Facebook or Twitter username, and probably phone number. It’s a win-win for both parties.

Getting Airdrops

Airdrops are free money. To participate in them, you’ll need the following:

  • An active Ethereum wallet (most airdrops are ERC20 tokens, although they can come in other forms, so you may need another wallet as specified by the company)
  • Telegram/Twitter/Facebook account (basically, you will be required to perform an easy task, which could involve downloading an app)
  • Email address

That’s as simple as it gets. Next is to find out which projects are doing airdrops, join up, and perform the required tasks. Tasks typically range from just filing a user form (with your Ethereum wallet), twitting about the project, liking and commenting on Facebook, or performing a video review, amongst others. For a list of latest airdrops in the crypto space, visit All Crypto airdrops rated for you and join the mailing list. It’s as simple as ABC.

Article Produced By

Nadim Ahmeed

https://www.quora.com/What-do-you-think-about-crypto-airdrops-Are-they-profitable

An 8 Million Airdrop Ran Out of Tokens What’s Next Is Anyone’s Guess

 

An $8 Million Airdrop Ran Out of Tokens – What's Next Is Anyone's Guess

"Scarcity" may be a crypto buzzword,

but "shortage" has hardly made the footnotes – until now. In early July, the developers behind U Network, a blockchain publishing protocol valued at around $8 million, abruptly announced that it had run out of its reserve of UUU crypto tokens, and that it planned to buy back some of the supply it distributed to early investors through its airdrop in February.

At the start of the project, U Network established a 10 billion UUU cap on its token supply (worth approximately $15.6 million), setting aside 40 percent of its total tokens (about $6.2 million) for the founding team and future development. Yet, due to a rising number of strategic partners and interest in its token, the project announced on Medium, "The demand for UUU tokens has exceeded our current designated holdings."

The post continued:

"The team now faces a problem: leaving our ecosystem tokens intact, how do we pursue these new opportunities to grow the U Network ecosystem?"

The result is a problem that seems to have little precedent. The structure of ICOs and airdrops varies widely across projects, particularly with regard to the number of tokens minted, distributed and maintained by a given company or non-profit. While some projects do not limit the number of tokens that can be created within their blockchain ecosystem, others, like U Network, choose to implement a cap on the total supply.

For U Network, the 10 billion limit was implemented because the content-centered project, which aims to "help online content platforms better align with the interests of their users," wanted to "provide sufficient incentives to community members." While U Network's dilemma is currently an outlier in the industry, other blockchains that have implemented hard caps on their ICOs and airdrops may soon find themselves in a similar quandary as they begin building their ecosystems. Likewise, U Network's situation may force similar projects to confront an even more difficult question: what happens when your startup runs out of its own tokens?

Method to the madness

Incentives are especially important in blockchain systems, and so far, there is no established methodology by which projects can determine how many tokens to issue and keep. That's according to Joshua Gans, a professor of strategic management at the University of Toronto, who told CoinDesk: "There is no metric." "If you want to use tokens for incentives, the amount of the incentive is dependent on the price of the token," he explained. "At the start, it is hard to predict that." Gans added that establishing the amount of tokens projects should keep is equally as unsystematic.

According to Catherine Tucker, a professor of management and marketing at MIT, projects face a doubly difficult situation in the highly scrutinized industry. Not only do they lack methodologies for determining token supplies and holdings, they must also consider the perception of their actions. "I think this case illustrates the huge trade-offs founders face," she told CoinDesk. "If they keep too many tokens in reserve, they are often accused of being greedy. But if they give away too many tokens then they lose a crucial lever they need to incentivize people to use their platform or service in the future."

The buy-back

As such, remedying a shortage of tokens looks to be a precarious task. Solutions such as increasing the token supply of the network could influence the token's price, angering investors and jeopardizing their trust in the project. So instead, U Network plans to refurbish its holdings by conducting a token "buy-back." In practice, this means it will re-purchase 1,000 ETH worth of UUU (about 284 million tokens at press time) from current token holders over the course of several stages.

"For the first stage we would be buying back 200 ETH worth of UUU between the price range of 0.004 and 0.005 USD," U Network told CoinDesk. At press time, one UUU token was valued at $0.001569. As for how the project determined the number of tokens to re-purchase, it explained, "We believe it's a reasonable amount. Not too high to affect market price, not too low to affect the expansion needs."

From Gans' perspective, the buy-back is "a good way to go." He went on, "You issue the tokens and retain some other currency to use for buy-backs if you make an error. The other option is to give yourself the ability to issue more tokens for incentive purposes but that is ultimately the same as retaining some tokens at the outset." And as for what the rest of the industry could do to avoid U Network's dilemma,

MIT's Tucker suggested:

"If I had to give advice to founders, it would be to think about the uncertainty involved with the project. In those cases of heightened uncertainty, it might be best to limit the initial distribution of tokens until the business plan has evolved and been tested."

Article Produced By
Annaliese Milano

https://www.coindesk.com/8-million-airdrop-cryptocurrency-run-out-tokens/

CryptoCurrency Airdrops: Where Could The SEC Stand on Them?

CryptoCurrency Airdrops:
Where Could The SEC Stand on Them?

We are all aware of the common practice in the cryptocurrency ecosystem called Airdrops.

These are essentially free giveaways of coins that are “airdropped” on a group of cryptocurrency enthusiasts. It is the quickest way to distribute your coins in the market short of doing an Initial Coin Offering (ICO). However, how do Airdrops fit into the current regulatory framework as laid out by the Securities and Exchange Commission? Could airdrops be a less burdensome way for the developers to fund their projects? We will take a look at the current regulatory environment and how cryptocurrency airdrops are likely to fit into that.

How Airdrops Work

The mechanics of an Airdrop is really pretty simple. A developer team will take a snapshot of an already established cryptocurrency chain. This will then give them an overview of the addresses that are currently on the chain. They will then release their free tokens to all of those holders. The developers of that token will “fork” their chain from the legacy chain and then build off of that technology. Some of the largest cryptocurrencies available right now are the result of these including Bitcoin Cash (BCH).

It is also really quite simple to initiate an airdrop. For example, you can head on over to Open Zeppelin and use one of their smart contract templates for the the Ethereum blockchain. You will then take a snapshot of the blockchain and you will distribute a certain number of the coins in some sort of a ratio to the ETH that they already hold. The developers will also hold onto a certain percentage of all available coins.

Why Airdrop Coins?

Apart from distributing your coins as widely as possible, there are other really important incentives for a project to airdrop coins. It is an easy way for the developer team to fund their project. Yes, they are not raising crypto or Fiat through an ICO or a seed round, but they are keeping a large stake in the coins that they have airdropped.

If the project keeps doing well and the public starts to take notice then the value of the tokens is likely to increase. Hence, the team funds will become valuable and they can then sell some of these tokens to fund the project in question. They are also a lot more cost effective than completing an ICO or trying to secure funding in a seed round. These methods of financing are now becoming incredibly expensive as investors are demanding much more than a simple whitepaper. Airdrops could also be less burdensome in terms of regulation.

Securities Regulations and Crypto

If a cryptocurrency asset is classified as a security then it falls under the jurisdiction of the SEC and hence will have to meet all the requirements. Whether it is classified as such depends on whether it passes the Howey Test. This is the rule of thumb that is used to determine whether an asset will be classified as a security. More particularly, an investment contract is

defined as:

A contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party

Under this definition, it is quite clear that many of the ICOs today could be classified as such. In fact, there was even speculation that Ethereum may have been classified as a security when they did their ICO. Yet, how are the airdrops viewed by the SEC?

Airdrops And Securities

Not surprisingly, there is no legal precedent for giveaways.Airdrops are free giveaways of the coins and the ICO developers are not raising funds from the population. The investors are not putting any funds at risk and hence they cannot claim that they had expectations of a return on their investment.However, what about the cases when the tokens eventually hit the market and secondary investors buy the tokens on an exchange? Here they are indeed buying these tokens in the expectation of a profit.

While they may be expecting a return on their investment, can they really be classified as investing in a “common enterprise”? Are these investors not just speculating on the price of an asset much like they will do when the purchase Forex, Commodities or even other cryptocurrencies such as Bitcoin. Moreover, can this really even be considered investing? Tokens are not like equity in a company or debt securities. Many of them are “utility tokens” meaning that they have an underlying use case. Hence, one can realistically claim that they are buying the token for a purpose other than speculation.

Those who are buying the tokens on an exchange are buying it from other people and not from the developers themselves. Hence, you cannot claim that the developers are the main recipients of the investors’ funds. All this means that it would be incredibly nonsensical for the SEC to claim that an airdrop is a security. This could be akin to them claiming a free giveaway of any good on the street can also be considered a security. Moreover, what will the SEC do to those coins that have already been airdropped and have no central authority? Who will they target in any sort of enforcement action when the network is decentralised?

Conclusion

Airdrops are a quick and easy way for developers to get their coins out into the ecosystem and start work on the project. The SEC has still not given their judgement on ICOs yet but many think that it is only a matter of time. Indeed, it seems that they are getting that much more active with their enforcement. There have been a number of ICOs that have received cease and desist letters in operation “crypto sweep”.

So, should airdrops be the preferred option? Not quite.

While they are less burdensome, an airdrop is much less effective of an fundraising method as an ICO or other methods of seed funding. The development team will still have to wait before there is any sort of market for their coins before they can sell some and use the proceeds. Building ground breaking technology is not cheap and these developers still have to put food on the table. In the end, it will have to come down to the needs, preferences and risk that the developers are willing to take.

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Editorial Team

Editors at large. Posting the latest news, reviews and analysis to hit the blockchain.

https://www.coinbureau.com/analysis/cryptocurrency-airdrops-sec/

 

Top 6 Crypto Airdrop Platforms You Should Know

Top 6 Crypto Airdrop Platforms You Should Know

Airdrops are mainly distribution of tokens out to existing

or new holders as a marketing strategy to promote a product, service, coin, or exchange.Of recent, this act has become increasingly important and as more people, especially new people, the need for a platform which will regularly publish these airdrops are required.Here are recomended platforms which you can get notified of airdrop events and know exactly what to do to partake of the token distribution.

99airdrops.com

This crypto airdrop platform which was launched in 2018 has made a name notifying users of airdrops. It’s undoubtedly one of the best places to get information about airdrops, but more importantly, how to participate in them. Every information is made available to you, all relevant information to help guide through redeeming and also various news article around the airdrop on the web are published. The platform is easy to use; even a newbie can make his way around it. The team behind the platform, no doubt, has a lot of experience.

The 99airdrops platform is spectacular in its workings. The algorithm behind the platform is developed to take into consideration every activity across the web, most especially Facebook, Reddit, and a host of others. These metrics are analyzed to know the validity of the airdrop program. The platform only gives out information about valid projects. In a bid to make the platform better, the 99airdrops site can make future price predictions based on specific criteria.

The platform is one of the best and fastest platforms when it comes to notifying users on new airdrops. Their email newsletter subscription also is quite useful. Another way to get an update on the platform is by bookmarking the site and checking regularly. If you don’t have time to do this manually, then the first two options would be your best bet.

The 99airdrops platform sorts upcoming events by time, at least, you get a 24hrs notice before airdrop starts to stay abreast forthcoming airdrop events. What’s more, the platform rewards its users with cryptocurrencies weekly. It’s no doubt that the platform is one of the best you can subscribe to for some extra free money. 99airdrops has all you need to know about cryptocurrencies in general. It’s the ultimate guide; all you need concerning airdrops.

Alert Airdrop

With AlertAirdop, you can get free coins almost on daily bases. Its many features make it much easier for cryptocurrency enthusiasts to follow. Just like the 99airdrops.com, this platform is also well designed and arranged. The airdrops featured on the site can be filtered based on current or ongoing events to those ending soon. Much more, this crypto airdrop platform has way more features compared to other airdrop platforms.

Coin Airdrop

Coin Airdrop is a dedicated site that’s regularly updated to give top airdrop announcements. Its clean interface gives users all they need to know about upcoming events and also information about claiming airdrops as well. New users to cryptocurrencies are not left behind, the site not only share airdrop opportunities but also educates new users to the cryptocurrency world adequate knowledge that makes them catch up with the rest of the world as quickly as possible. The platform is owned and ran by a cryptocurrency enthusiast known by the name Midas. You can support this platform by mining cryptocurrency for them with your computing power.

Airdrop Paddict

This platform also makes the list of top trusted platforms where you are assured of accurate airdrop releases.The platform uses a ranking system to rate top airdrops and also separates the untrusted airdrops. It’s hard to miss out on any event as the countdown timer brings to your notice how much time is left to start.

Crypto Airdrop (Twitter Channel)

Twitter is one of the best places to get information on the web. This channel, on the other hand, is there to help amateur and experts on how to get crypto airdrops. This means the platform may not be in the position to give out details in a specific manner, but you can use it to keep an eye on latest airdrops available for any particular moment.

ERC20 Airdrops (Telegram Channel)

Like there’s a Twitter app. Those who are not on Twitter or those who prefer to use the Telegram application to the twitter are also not left out. The platform guides users on each step to take before being a partaker. Even newbies won’t find it too difficult to follow, and with a little help, they’ll soon be reaching their best heights.

More On Airdrops

You probably would think it’s just the Ether (ETH) and ERC-20 tokens that are regularly distributed. That’s not true. Though that’s the predominant cryptocurrency distribution as at right now, as project forks, sometimes, there’s a need to pass the token around and one of the best method, besides token sale is to airdrop it in participant accounts.

Depending on what cryptocurrency you are looking to get, you might be needing a secure ERC-20 cryptocurrency wallet. A top choice that comes to heart would be the MyEtherWallet. Nevertheless, if airdrop isn’t a token that’s ERC-20 compliant, there’ll be information on how to get the needed wallet. Airdrops are certainly not ways to make fast money, but over time, you may see those coins which were worth almost nothing at token distribution phase worth thousands of dollars in coming years as the platform which it’s meant to run on continues to grow.

 

Why Waves is Best for Airdrops

Why Waves is Best for Airdrops

Imagine you’re building a house.

You could transport the bricks in small batches in the boot of your car. Or you can hire a lorry for the purpose. Either will work, but only one was designed to do the job quickly and effectively. Which do you choose? Airdrops have become an important element of the crypto landscape and for good reason. By distributing small amounts of tokens to many different users for free, you instantly gain a very large potential userbase. These recipients will generally want to find out more about the project. They may become larger buyers in due course, as well as some of your first testers, end user, ​ and advocates for the business. All of this can be gained in return for allocating a small proportion of your token supply in advance, plus the cost of airdropping them to hundreds or thousands of blockchain addresses. All you have to do is distribute them. But that’s the thing. Distribution. And it’s not as easy as you might think.

Big airdrops, big headaches

Here’s the thing: you can conduct an airdrop on any blockchain — just as you can theoretically transport your building supplies with any mode of transport, whether that’s a car, lorry, bike or SegWay. There are just good reasons why you might not want to. There are a few factors to consider. Obviously,​ it needs to be a platform that supports custom tokens. No major problem there: even bitcoin supports assets (via the Omni protocol, for example). But then you’ve got to send them all out to different addresses, using whatever criteria you choose for recipients.

Naturally,​ you want your send process to be fast and as low-cost as possible. You don’t want to be competing for block space, and you don’t want to be paying high transaction fees. That makes something like bitcoin/Omni a non-starter — imagine having to pay many tens of thousands of dollars or more to get the job done. And if you’re sending thousands of transactions, you can forget it: they’re going to be stuck in mempool until you’re grey-haired. Ethereum’s a better option, and plenty of airdrops do occur on the platform. But fees are still comparatively high, and the network is not designed for large throughput (just ask the Crypto Kitties).

Then there are some of the other problems that can occur if you misuse a blockchain that’s not really built for the job. A few years ago there was an initiative to pay dividends to stakers on BitcoinDark (a privacy coin that was built on a proof-of-stake clone of bitcoin). The first time a large number of transactions was submitted via a script, the network forked. Oops.

Waves-NG

So this is where Waves comes in. You can conduct airdrops on any blockchain. A handful of them can cope with that reasonably well. But there’s only one that has specifically been designed to support the kinds of transaction volumes that a large airdrop requires. Waves’ consensus algorithm is Waves-NG, which is capable of processing an order of magnitude more transactions than most other blockchains — quickly and at low cost. Standard fees are 0.001 WAVES per transaction (around $0.005 right now) but it gets even cheaper thanks to the mass-pay function, which is purpose-built exactly for this reason.

That makes Waves an incredibly efficient and low-cost way of conducting huge airdrops. The proof? Waves processed over 330,000 transactions in a single day on 26 December 2017. 170,000 transactions were confirmed within just 20 minutes, and it is theoretically possible to process up to 10 million transactions per day. Job done in one go.

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Waves Platform

The fastest blockchain platform with real-world solutions for storing or exchanging tokens, trading (DEX) or running business logic (Waves smart contracts).

https://blog.wavesplatform.com/why-waves-is-best-for-airdrops-cebc260232d4

 

What is a Cryptocurrency Airdrop by Cryptocurrency Facts?

What is a Cryptocurrency Airdrop by  Cryptocurrency Facts?

What the Term “Airdrop” Means in Cryptocurrency

In cryptocurrency, the term “airdrop” is used to describe a type of distribution event for a cryptocurrency where tokens are distributed to existing wallets. Or more simply, an event where “free coins” or coins purchased during a pre-sale are “dropped” in existing wallets. In other words, the term “airdrop” describes a distribution event that occurs when a cryptocurrency decides to distribute tokens to users for any reason. For example:

  • A distribution event that occurs after an ICO goes live and the smart contract for the ICO sends new tokens to the existing addresses of users who participated in the pre-sale. For example, one buys into an ethereum-based ICO, then on the airdrop date the token is sent to user’s wallets and they can then “add the token” to their Ethereum wallets (see the KIN and UKG ICOs for example).
  • A distribution event after a hard fork or the creation of a new token which results in existing coin holders getting “free coins,” but where the platform being used requires the distribution of tokens. For example, a fork on the Ethereum network that creates a new token on the Ethereum network or another coin’s network (see fork-airdrop hybrids like the Ethereum Classic Callisto Airdrop and the Loopring Airdrop for example).
  • A distribution event where tokens are given to existing holders as a reward for sticking with the cryptocurrency or as an incentive to get people to hold the cryptocurrency or a related token (see the WAVES Bitcoin Cash airdrop for example).

With the above in mind, we can say then that the term “airdrop” refers to an event where tokens not associated with addresses become associated with them, generally due to a person participating in a pre-sale (like with an ICO) or holding existing coins (like with some forks). However, with the above noted, sometimes the term “airdrop” is used loosely to describe distribution events regardless of the specific mechanics (like in the case with some forks that use the term “airdrop” in their PR).

Since there is a little bit of disconnect between how the term is sometimes used (especially factoring in how it is used on social media) and what the term means in a more pure sense, it is helpful to understand the different definitions. That is the gist.

Airdrop Snapshot Block Height and Airdrop Distribution Date:
An airdrop may include either/or 1. an Airdrop Snapshot Block Height, a block height that one has to hold an existing cryptocurrency during to qualify for the airdrop (a snapshot of the existing ledger is taken at that block height), and 2. an Airdrop Distribution Date, a date upon which the tokens are airdropped to existing wallets. Airdrop snapshot dates would be be used with fork-airdrop hybrids, Airdrop Distribution Dates are common to all airdrops and simply describe the date on which the airdrop occurs.

The Semantics of Airdrop:
Airdrop has become somewhat of a PR term here in 2018 and that has led to some questionable usage of the term. As noted, sometimes the term is used to describe a distribution event that occurs after a hard fork goes live and coins can be claimed… even in cases where nothing is technically being airdropped. In cases like this, the term “airdrop” is being used loosely. The slightly confusing thing here is that, as noted above as well, a fork can have an airdrop. For example, in the case where a snapshot of the ledger is taken, the software is forked, but the distribution after the fork occurs on another coin’s network (like with the Loopring example above).

I think part of the confusion is due to the fact that there is no good word to describe the distribution date after a fork where the whole of the software is forked (and of course, that distribution is the exciting part where people get “free” coins)… Thus, sometimes the term airdrop gets borrowed to describe distribution events that aren’t actually airdrops. The General Meaning of the Term Airdrop: If you want to airdrop a file from your iPhone to another iPhone, you take your file, share it over WiFi or Bluetooth, and then it appears on the other person phone. The person didn’t have the file, now they do. It was “dropped,” through “the air;” “airdrop.”

Article Produced By
CryptoCurrency Facts

https://cryptocurrencyfacts.com/what-is-a-cryptocurrency-airdrop/

Top Airdrops You’ll Definitely Want Free Coins From June 2018

Top Airdrops You’ll Definitely Want Free Coins From | June 2018

CoinBundle âœ°âœ°âœ°âœ°âœ°

CoinBundle is a new crypto-investing platform, backed by top Silicon Valley investors, Y-Combinator and recently approved for a strategic partnership with a government of the Philippines. With CoinBundle users will be able to invest into the bundles of cryptocurrencies, that will allow them to minimize the risks. CoinBundle is giving its second airdrop bonus of 100 BNDL for signing up and 100 BNDL for sharing on social-media (200 BNDL total). CoinBundle is also continuing to give away 100 BNDL for every person you refer or invite to sign-up for the platform. This gives you the chance to earn up to 15,200 CoinBundle Tokens. The campaign will end on May, 31.

Entry âœ°âœ°âœ°âœ°âœ°

Entry Money aims to become the people’s bank of blockchain. Entry platform will be about money, exchange, cash, bank and network all together on blockchain. ENTRY is creating an intuitive to use bridge between the old system and the blockchain technology which will revolutionize banking. Entry Money will airdrop from 5 to 50 ENTRY tokens for signing up on website and completing KYC.

DATAVLT âœ°âœ°âœ°âœ°âœ°

DATAVLT is a blockchain data analytics platform – designed to deliver affordable business intelligence to small and medium businesses. DATAVLT employs correlational algorithms to integrate your enterprise data and consumer behavioral data to meet the ever changing requirements of the business landscape. Assisted by Artificial Intelligence and Predictive Learning, DATAVLT platform enables you to tailor the data analysis to your business needs and preferences.

RewardsToken âœ°âœ°âœ°âœ°

BetonChart ($CHART) âœ°âœ°âœ°âœ°

CryptoCoin (C3C) âœ°âœ°âœ°âœ°

Dignity ($DIG) âœ°âœ°âœ°âœ°âœ°

Cryptobontix has a slightly different vision for Unity Ingot. While they are still attempting to continue maintaining the whole legacy asset idea in play for UNY, they have also converted the token into a new token named Dignity (DIG). The amount of smart contract is also being reduced from the huge 10 billion tokens to a bit more acceptable 3 billion. Their main focus is also to ensure that each token is being backed by $1 of Gold.

In addition to the token conversion, Cryptobontix is also planning to roll out 3 additional tokens on Wednesday, February 21st, 2018. The final token breakdown is as follows: one token representing $1 USD in Gold, assumed to be the new DIG token, $2 USD in Silver for the second new token, $3 USD in Platinum for the third new token, and $4 in Palladium for the fourth new token. This is a very interesting idea because now these token will have multiple ways to back their value through the rare metals market.

While the original success of UNY was somewhat stifled by the decline of Bitcoin value, at the same time it introduced a rather interesting way to ensure tokens retain their value and can be passed down to future generations. Reducing the amount of token from the original 10 billion to 3 billion should make a huge difference in the ability of this token to retain its value; we think Cryptobontix is making an excellent decision here. Adding additional token to diversify the value profile is also a great move.

Management

  1. DIG Announces New (World Class) Management Team
  2. DIG is currently on track to have 25,000 mining rigs up and running within six months. Their goal for this time next year is 65,000 mining rigs.
  3. DIG Announces Airdrop! Everyone holding DIG will be airdropped the new tokens for free as a bonus for holding DIG.

To accept the airdrop, you will have to move your DIG tokens to a non-exchange wallet. The “bonus token” will be listed on a minimum of two exchanges to possibly five.

Compatible Third-Party Wallets:

  • Exodus Wallet
  • MyEtherWallet (MEW)
  • Trezor Hard Wallet
  • Ledger Hard Wallet
  • Bread Wallet
  • Mycelium Wallet

DIG tokens can be transferred onto exchanges again, once the airdrop has completed. Do your due diligence and be ready. DIG is literally doubling your holdings at no cost so now you will own two different tokens. With some of the upcoming partnerships and news expected over the next couple of months (according to industry insiders) Dignity (DIG) could do another 500% without breaking a sweat. Making Dignity (DIG) our #1 pick with the highest upside % upside.

The Top Exchanges

#1 Binance

Binance is the #1 exchange in our opinion. If you don’t have an account with Binance and you plan to trade crypto.. you’ll want one.

#2 Kucoin

Join Kucoin for some of the small/mid cap cryptocurrencies that may not be listed on Binance yet. Fess of KuCoin are really competitive. It charges a flat fee of 0.1% per trade, while the average in the secctor is around 0.20% – 0.25%. Besides, for those who hold KuCoin Shares, there are attractive discounts.

LiveCoin

Small/Micro cap cryptocurrencies.

=======================================================================================

Disclaimer:

The information provided on this website does not constitute investment advice, financial advice, trading advice or any other sort of advice and you should not treat any of the website’s content as such. CryptoClarified does not recommend that any cryptocurrency, game or token should be bought, sold or held by you and nothing on this website should be taken as an offer to buy, sell or hold a cryptocurrency, token, game or anything similar. Do conduct your own due diligence and consult your financial advisory before making any investment decision.

Accuracy of Information:

CryptoCurrency Clarified will strive to ensure accuracy of information listed on this website although it will not hold any responsibility for any missing or wrong information. You understand that you are using any and all information available here AT YOUR OWN RISK.

Price Risk:

The price of Bitcoin and other cryptocurrencies are highly volatile. It is common for prices to increase or decrease by over 20–100% in some coins in a single day. Although this could mean the potential for huge profits, this also means the potential for huge losses. The same goes for CryptoCollectible games which can be wildly speculative. DO NOT INVEST ALL YOUR MONEY IN CRYPTOCURRENCIES. Only invest money which you are willing to lose. Cryptocurrency trading may not be suitable for all users of this website. Anyone looking to invest in cryptocurrencies should consult a fully qualified independent professional financial advisor.

Article Produced By
CryptoCurrencyClarified

https://cryptoclarified.com/2018/05/30/top-3-airdrops-youll-definitely-want-free-coins-from-june-2018/

 

Beginner’s Guide to Cryptocurrency Airdrops

Beginner’s Guide to Cryptocurrency Airdrops

As you’ve delved into the world of cryptocurrency,

you may have come across the term “airdrop” a couple of times. No, this isn’t the file transferring feature that comes with Apple devices. In cryptocurrency, airdrops mean free money. Seriously.

What Is an Airdrop?

It seems that every day a company launches an Initial Coin Offering (ICO). It is much harder to stand out with how many are out there. Instead of ruthlessly promoting themselves all over the internet, the team behind the new ICO will look at the blockchain of an already established token and gather up every person who has that coin in their wallets. They will then distribute an amount of their token in proportion to the amount that you hold. A fork of an existing coin can also grant you an equal amount of the new coin, a recent example is when BitCoin Cash was created and all holders of Bitcoin received the same amount in Bitcoin Cash.

Why Would A Company Give Me Free Tokens?

As mentioned, the market for ICOs is over-saturated beyond belief. Most people are more likely to roll their eyes when they see a new cryptocurrency rather than invest. That said, if the team behind that new currency gives out free tokens for attention, they are much more likely to get it. In marketing, first impressions are incredibly important. How could you not think highly of a company that pays you upon meeting?

If a company sends some of their token to your wallet and you notice it, it might prompt you to look into their project more and if you like what you see you might decide to invest in them. It’s free marketing for the token sale or coin launch really, it costs the company nothing to provide these tokens to you but could help them with brand recognition. Another reason companies give out free tokens, is to help decentralization of their currency. A recent example of this was Omise Go who airdropped large numbers of their tokens to Ethereum holders shortly after their successful ICO,

Stating :

At OmiseGO, we believe that tokens are most useful when they are as widely distributed as possible. In the case of a permissionless proof-of-stake (PoS) network, especially one running a very economically valuable decentralized exchange trading both cryptocurrency and real-world money, a wide distribution is also critically important for network security.

How Can I Learn About Future Airdrops?

Airdrops aren’t always a surprise. Some companies announce their intentions via press release, while others will “reward” you for joining their social following within a limited time frame. These teams are more selective as to who gets their free currency, rather than giving it out to the whole blockchain.

Various groups on Telegram or Facebook keep track of upcoming ICO’s and announce any relevant airdrops. Websites like airdropalert.com are always tracking new giveaways as well. Some companies will use an airdrop to promote their wallet or application, stating that the first 50,000 downloads will receive the respective currency. Other projects will even ask you to promote them on a forum or website in exchange for tokens. There are no “official” rules on how an airdrop should occur. Everyone does it their own way, and it’s up to you to decide if you want to get involved.

Staying Safe in the World of Airdrops

Sometimes you may see a currency that asks for your private key or to send them funds before they initiate the airdrop. Do not do this. No proper airdrop will ever need that information from you, let alone ask you for money in exchange. The cryptocurrency industry prides itself on being unregulated, don’t let it get the best of you as their are scammers who will hear about an upcoming airdrop and try to take advantage by creating fake “phishing” websites designed to take your cryptocurrency keys.

To be clear :

Never Give out Your Private Key for Airdrops

Of course, just because an airdrop is legit, that does not mean you’ll make money off of it. Most airdrops are done when a currency is at a low value in hopes that people will invest. The chances are high that these tokens will never raise enough be worth anything. You never can know for sure, so it’s always in your best interest to research any coins you receive before making a decision. Scope out a dev teams social media pages. Are they interacting with their fans and answering questions? They’re probably legit. If an airdrop is real, someone somewhere will have reported on it.

Do I Need a Specific Wallet?

The most popular blockchain for airdrops by far is Ethereum, and many of the tokens created with be ERC-20 tokens. The Waves platform also has a lot of airdrops of new tokens so to make sure you have the highest opportunity to receive free airdrops you should create wallets for both and hold some coins in there.

You’ll see most airdrops require an “ERC-20” compatible wallet, which means any wallet that supports the Ethereum blockchain that you own the private keys for. If you use an exchange to hold your tokens ( which we dont advise ) then you will need to withdraw them to a your own wallet to receive airdrops. You can also use a Hardware wallet such as the Trezor or Ledger which interacts with the MyEtherWallet website, this is the safest way to store your cryptocurrency as your private keys are never exposed to your own computer which means even if you are infected with a virus or malware, they are unable to steal your keys.

Conclusion

Before interacting with any new cryptocurrency, it is always essential that you do your research and believe in the vision behind the technology. Keep an eye out for scams and remember that a legitimate project has no reason to ask for your private information. Airdrops can be an exciting way to learn more about a project, and may even be your next big investment. Just make sure to be smart about your involvements, and always go the extra mile to keep your data safe. And we will repeat one last time …   ""Never Give out Your Private Key for Airdrops""

Article Produced By
Max Moeller

I'm a freelance writer with experience in the games and technology industries. Now I'm breaking my way into cryptocurrency.

https://blockonomi.com/airdrops-guide/