What is Airdrop?
Airdrop - is a free cryptocurrency distribution. For performing some simple actions, you will receive tokens (cryptocurrency) of the project.
Why do companies give away their tokens for free?
For a cryptocurrency to be valuable, it is necessary for it to be used, so new cryptocurrency companies conduct airdrop distributions to attract the attention of investors, increase the community and make the token more popular.
What do I need to participate in the airdrop?
In most cryptocurrency distributions, tools such as:
- Wallet standard ERC-20 or BEP-20. For example Trust Wallet, Metamask. Use wallets to which you have private keys. Do not use Ethereum exchange addresses.
Sometimes it takes and other tools. In any case, you can find out about them by the icons on each airdrop project or by familiarizing yourself with the procedure for participating in a particular project.
When will I receive tokens for participation?
Airdrops usually take place before the start of the token sale, but distribution occurs after a successful sale. This can take from several weeks to several months. In some cases, the company cannot sell a sufficient number of tokens and therefore they are not distributed among the participants, because the project, unfortunately, fails and closes.