Talking about cryptocurrencies is incomplete without discussing airdrops. This term is indeed quite common in the crypto world, because many people consider it a tempting gift. Then, What is a crypto airdrop and how does it work?
Knowing the meaning and workings of airdrops is very important for beginners. Because this knowledge can be very useful, especially when there are developers who provide these offers. For more details, see the following discussion.
What is a Crypto Airdrop?
Airdrop or crypto airdrop is the distribution of crypto assets to communities or individuals for free. This activity usually exists as a form of promotion to increase public awareness of cryptocurrencies, including Bitcoin.
Apart from that, airdrops are also useful for increasing trading on crypto exchange platforms when joining an exchange for the first time. In this way, the attention to those crypto assets will increase.
When it comes to distributing airdrops, usually the company will first notify the time and date of distribution. At the appointed time, the responsible team will take a snapshot of the blockchain so that the asset owner can receive the e-token for free.
How to Get Crypto Airdrops
Based on how to get it, airdrops are divided into several types. Get to know each type of airdrop to find out how to get this free cryptocurrency.
1. Standard Airdrop
You can get this type of airdrop by registering to get updates or newsletters from the provider’s site. No need to be complicated, the registration process only requires your name and email address.
2. Bounty Airdrop
This type of airdrop requires potential recipients to do several things on social media pages. For example, the recipient must tweet a specific web link or invite followers to join the company’s activities.
After successfully carrying out the task, you will get crypto assets as a reward. Because it is not too difficult, this type of airdrop has many fans.
3. Airdrop Holder
For crypto asset owners, airdrop holders can be the right choice to get free crypto sharing. In this way, the crypto assets in your digital wallet will increase according to the ratio that the provider has set previously.
The last type is the exclusive airdrop. As the name implies, the distribution of crypto assets is carried out exclusively by sites that have many followers. To take part, you must be a follower of the site or social media account.
Beware of Airdrop Scams
After knowing what is an airdrop, now is the time to know some things to pay attention to when participating in the airdrop. The reason is that there are many fraud modes under the guise of airdrops that try to take advantage of crypto activists. The following are some of the most common types of fraud:
Data theft under the guise of airdrops will generally require you to access certain pages or links. On this page, your important information will be stolen, such as social media, email, and digital wallets.
2. Referral Scam
Referral scams are usually done by asking users to fill out certain forms. The information from the for is then used to register and create accounts on other platforms. The referral code obtained will be used for personal gain.
3. Private Key Theft
Another thing to watch out for is Private Key theft. The Private Key is confidential and contains information about the crypto wallet assets. This mode takes many victims, especially novice crypto activists who do not know the importance of Private Keys.
Want to know the latest information about airdrops? Media Authority as the mainstay crypto site in Indonesia provides a variety of up-to-date information about airdrops, including information on airdrop sharing from various providers. Don’t be late.