• Contact Us
  • Advertise
  • Shop
    • Gadgets
    • Accessories
TECHNUTO
  • Login
  • Home
  • News
  • Finance
    • Markets
    • Cryptocurrency
  • Tech
  • Entertainment
  • How to
  • Hot Deals
  • Lifestyle
    What NOT To Do During An Interview - 10 Mistakes NOT To Make During An Interview - Technuto

    What NOT To Do During An Interview?

    How to Make Your Eyes Look Bigger 10 Easy Tips _ Technuto

    How to MAKE YOUR EYES LOOK BIGGER – (10 Easy TIPS)

    best eyeliner - what is puppy eyeliner - how to do puppy eyeliner Technuto

    Puppy Eyeliner: Perfect ‘Puppy Eyes’ In 3 Simple Steps!

    BEST Fitness Tracker for Blood Pressure Monitor Watch

    The 10 Best Blood Pressure Monitors Smartwatch & Bands You Can Buy!

    best cafes in jaipur

    10 Best Cafes In Jaipur You Must Check Out!

    The Lost Book Of Herbal Remedies pdf

    The Lost Book of Herbal Remedies!

    Trending Tags

    • Makeup Tips
    • keto
    • Netflix
    • Kardashian
    • Dating
    • Books
  • Videos
  • More
    • About Us
    • Contact Us
    • Privacy Policy
    • Advertise
No Result
View All Result
  • Home
  • News
  • Finance
    • Markets
    • Cryptocurrency
  • Tech
  • Entertainment
  • How to
  • Hot Deals
  • Lifestyle
    What NOT To Do During An Interview - 10 Mistakes NOT To Make During An Interview - Technuto

    What NOT To Do During An Interview?

    How to Make Your Eyes Look Bigger 10 Easy Tips _ Technuto

    How to MAKE YOUR EYES LOOK BIGGER – (10 Easy TIPS)

    best eyeliner - what is puppy eyeliner - how to do puppy eyeliner Technuto

    Puppy Eyeliner: Perfect ‘Puppy Eyes’ In 3 Simple Steps!

    BEST Fitness Tracker for Blood Pressure Monitor Watch

    The 10 Best Blood Pressure Monitors Smartwatch & Bands You Can Buy!

    best cafes in jaipur

    10 Best Cafes In Jaipur You Must Check Out!

    The Lost Book Of Herbal Remedies pdf

    The Lost Book of Herbal Remedies!

    Trending Tags

    • Makeup Tips
    • keto
    • Netflix
    • Kardashian
    • Dating
    • Books
  • Videos
  • More
    • About Us
    • Contact Us
    • Privacy Policy
    • Advertise
No Result
View All Result
TECHNUTO
No Result
View All Result
Home Finance Cryptocurrency

Crypto Airdrop: What is Crypto Airdrop & how does it work? (GUIDE)

Nitish Shevkani by Nitish Shevkani
in Cryptocurrency, Finance
0
Crypto Airdrop: What is Crypto Airdrop? (GUIDE) - Technuto
2.2k
SHARES
24.2k
VIEWS
ShareShareShareShare

Summary

  • What is a Crypto Airdrop?
    • Understanding a Cryptocurrency Airdrop
    • RelatedPost
    • How to Create New Metamask Wallet with New Seed Phrase?
    • How to Buy SaitaRealty (SRLTY)
    • Is a global regulation on cryptocurrencies on the way?
    • This is the Next Cryptocurrency to Explode!
    • Crypto Airdrop Advantages and Disadvantages
    • Things to keep In Mind When it comes to Crypto Airdrops

What is a Crypto Airdrop?

An airdrop, in the cryptocurrency industry, is a marketing stunt that involves sending coins or tokens to wallet addresses in order to raise awareness of a new virtual currency.

Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in exchange for a small service, such as retweeting a message sent by the currency’s issuer.

Must Watch – 10 Best Cryptocurrencies that will EXPLODE!

Key points to remember about cryptocurrency Airdrop Free:

  • Crypto airdrop is a marketing method used by startups in the cryptocurrency space.
  • It involves delivering bitcoins or tokens to the wallets of existing crypto-currency merchants, either for free or in exchange for a small promotional service.
  • The airdrop is intended to raise awareness and increase ownership of the currency startup.

Understanding a Cryptocurrency Airdrop

An airdrop is a promotional activity usually carried out by blockchain-based startups to help kickstart a virtual currency project. Its purpose is to raise awareness of the crypto-currency project and get more people to trade in it when it is listed as an initial coin offering (ICO).

New! 4 WAYS to EARN PASSIVE INCOME with Crypto!

Airdrops are usually promoted on the company’s website, as well as on crypto-currency forums, and the coins or tokens are only sent to current crypto wallet holders, usually those of bitcoin or Ethereum.

RelatedPost

How to Create New Metamask Wallet with New Seed Phrase

How to Create New Metamask Wallet with New Seed Phrase?

June 9, 2023
How to Buy SaitaRealty Token SRLTY

How to Buy SaitaRealty (SRLTY)

May 18, 2023
Crypto News Alerts | Global Regulation on crypto on the way?

Is a global regulation on cryptocurrencies on the way?

December 4, 2022
This is the Next Cryptocurrency to Explode 2023

This is the Next Cryptocurrency to Explode!

November 16, 2022

To qualify for the free gift, a recipient may need to keep a minimum amount of crypto coins in their wallet. Alternatively, they may need to perform a certain task, such as posting about the currency on a social media forum, connecting with a particular member of the blockchain project, or writing a blog post.

7 Cryptocurrencies with LIMITED Supply You Must HOLD - Technuto 00

A legitimate crypto airdrop never seeks to invest in the currency. Its purpose is purely promotional. On the other hand, some crypto scams involve sending micro-amounts of bitcoin or other crypto-currencies to unsuspecting recipients in what is known as a dust-up scam. Users should always be vigilant about unsolicited deposits into their crypto wallets.

Crypto Airdrop Advantages and Disadvantages

Given the extreme competition among crypto-currency startups, an airdrop is an attempt to stand out from the crowd. Some companies dedicated to crypto airdrops offer user alerts and referral services to startups, as well as a range of marketing services to hone their airdrops. As always, there are good and bad companies in this space.

Don’t Know: How to Invest In Cryptocurrency? [FULL GUIDE]

Michael J. Casey, chairman of CoinDesk’s advisory board and an advisor to MIT’s Blockchain Research Initiative, argued in a CoinDesk blog post that a certain kind of marketing is critical to a cryptocurrency’s success. “A currency is nothing if it is not widely used. And that can only be achieved if people make expensive efforts to encourage widespread use,” he wrote.

Also, Watch – 7 Cryptocurrencies With a LIMITED SUPPLY You Must HOLD!

However, there have also been warnings about cryptocurrency airdrops from other industry players. For example, Pierre Rochard, the founder of Bitcoin Advisory, tweeted a warning that crypto airdrops can be pump-and-dump schemes. In other words, the owners of the crypto-currency could artificially inflate its value to make a quick profit.

10 Best Cryptocurrencies that will Explode In 2022 - What Crypto to Buy Now - 10 Cryptocurrency by Market Cap - Technuto 00

Things to keep In Mind When it comes to Crypto Airdrops

Beware of scams like this:

  1. Instantly pre-mine tokens for yourself and your friends.
  2. Swap pre-mined tokens with each other at pump price.
  3. Bait retail investors with a “giveaway” of tokens.
  4. Retail trade evangelizes the token for you, dump.”

Disclaimer: Please note that investing in digital assets is risky, traders should educate themselves before investing. This is not financial advice & please do your own research.
Previous Post

Kanye West – Net Worth, Age, Husband, Children, Family & Biography!

Next Post

Top 10 Best STOCKS to Buy Now For Long Term!

Next Post
Top 10 Best STOCKS to Buy Now For Long Term -Technuto

Top 10 Best STOCKS to Buy Now For Long Term!

Must Read

Best Earbuds Under 6000 in India

Top 7 Best Earbuds Under 6000 in India!

August 6, 2023
FREE Threads Followers | 10 Ways to Grow Threads Followers?

How to Grow Instagram Threads Followers Fast & Organically?

July 20, 2023
How to Create New Metamask Wallet with New Seed Phrase

How to Create New Metamask Wallet with New Seed Phrase?

June 9, 2023

Best Deals

  • iPhone 14 Cover Case Customised Boarding Pass New York City - technuto iPhone 14 Cover Case Customised Boarding Pass Back Case City Name Printed ₹1,499.00 ₹497.00
  • Buy Beats Studio Buds - True Wireless Earbuds noise cancelling - Technuto 01 Beats Studio Buds - True Wireless Noise Cancelling Earbuds + AppleCare+ (2 Years) ₹14,900.00 ₹9,999.00
  • MI Fire TV Stick - Xiaomi MI TV Stick - Technuto Xiaomi Mi TV stick with Bluetooth remote control , Google Assistant, Netflix + Prime Video speed selection button(Android TV 9.0 with Google Playstore,Smart Cast, Dolby and DTS Surround Sound, WiFi) ₹4,100.00 ₹3,600.00

TECHNUTO

Stay updated with Latest News, Tech, Finance, Crypto, Lifestyle, and Entertainment Website—and we cover all real stories, tech & more.

Recent Posts

  • Top 7 Best Earbuds Under 6000 in India!
  • How to Grow Instagram Threads Followers Fast & Organically?
  • How to Create New Metamask Wallet with New Seed Phrase?
  • Apple Vision Pro: All You Need to Know!
  • 7 Vivo Smartphone Under 25000 That You Must See!

© 2020 Copyright - All Rights Reserved by Technuto.

No Result
View All Result
  • Home
  • News
  • Finance
    • Markets
    • Cryptocurrency
  • Tech
  • Entertainment
  • How to
  • Hot Deals
  • Lifestyle
  • Videos
  • More
    • About Us
    • Contact Us
    • Privacy Policy
    • Advertise

© 2020 Copyright - All Rights Reserved by Technuto.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?