As a crypto investor, airdrops can help you start trading and make money without spending a dime. This article explains the concept of airdrop and provides some of the best crypto airdrop websites to get started with.
Before we get started with listing and giving details about some of these crypto airdrop websites, it is imperative to first explain what a crypto airdrop is and how it works.
What is a crypto airdrop, and how does it work?
A crypto airdrop is a process in which a cryptocurrency company gives some of its tokens to consumers in an attempt to create awareness as part of a larger marketing campaign.
Additionally, it is a common approach used by cryptocurrency entrepreneurs in which free tokens or coins are distributed to user wallet addresses.
An airdrop campaign’s primary goal is to raise awareness and promote a new coin. These freely dispersed currencies boost the number of followers, users, and coin holders.
The fundamental concept is to deliver newly created tokens to hundreds or thousands of different wallet addresses in the hopes that receivers will become more interested in the corresponding project even if it’s just to learn how to cash out the free tokens.
Types of Crypto airdrops
There are different types of crypto airdrop, however, the following are the most common types of airdrops:
- Bounty airdrop
- Holder airdrop
- Standard airdrop
- Exclusive airdrop
Bounty airdrop
Bounty airdrops are a marketing approach, however recipients must participate in some type of promotional activity in order to obtain the digital asset.
These activities could include the following:
Using Twitter or other social media networks to share a post about the blockchain project
Subscribing to the project’s e-newsletter
Joining a discussion and participation forum for the project
Holder airdrop
People who have a certain quantity of another cryptocurrency in their wallets are eligible for a holder airdrop. Typically, a crypto project takes a snapshot of crypto holdings on a given date and then allows users to claim an airdrop depending on their ownership at that moment.
Stellar, for example, is a crypto project that began in 2014. As a gesture of appreciation to the Bitcoin network, its officials revealed a proposal to airdrop $19 billion worth of lumen (XLM), its native cryptocurrency, to existing bitcoin (BTC) holders in 2016.
Standard airdrop
As a marketing technique, a standard cryptocurrency airdrop deposits a certain amount of native coin or token into existing wallets.
It’s normally done to market the brand and urge more people to accept the asset, which happens to be the case during the asset’s initial coin offering (ICO).
In most cases, you only need to create an account with the new project and enter your wallet address during the distribution event.
Exclusive airdrop
An exclusive airdrop distributes cryptocurrency to a select set of people who subscribe to an airdrop aggregator. These third-party websites disseminate information about promising crypto projects and anticipated airdrops.
A knowledge of the types of airdrops brings us to the list of some of the best crypto airdrop websites
List of best crypto airdrop websites
- CoinMarketCap
- Airdrops Alert
- Airdrop.io
- 99airdrops.com
- Airdrop King
- Coin Airdrop
- Airdrop Addict
CoinMarketCap
CoinMarketCap is a digital asset price tracking website. CoinMarketCap, founded in 2013 by Brandon Chez, has quickly risen to become one of the most reputable sites for price research, crypto project validation, and digital asset comparison for crypto fans, media, and institutions.
It tells users everything they need to know about any coin or token featured on the website. This information covers the token’s contract addresses, website, and other contact information, as well as the blockchain, real-time pricing, and whether or not the token is being tracked.
There are three types of airdrop campaigns listed on CoinMarketCap: ended airdrops, ongoing airdrops, and future airdrops. While “ongoing airdrops” allow users to participate, airdrops in the “future” category allow users to be notified when the airdrop goes live. Simply add the airdrop to your whitelist and you’ll be notified hours before it goes live.
Airdrop Alert
Airdrop Alert is a free service that helps consumers find legitimate crypto airdrops and giveaways. Morten Christensen (the founder) intended to help new crypto fans avoid scam airdrops and freebies, thus he created the first platform for crypto airdrops in 2017. Before publishing each airdrop on the site, Airdrop Alert does thorough research.
However, before participating in any airdrop campaign, crypto enthusiasts are advised to do your own research (DYOR). DeFi Airdrops, NFT Airdrops, New Airdrops, Featured Airdrops, Exclusive Airdrops, and Upcoming Airdrops are among the many airdrop categories available. The website, like CoinMarketCap, keeps track of previous airdrops.
Airdrops.io
Airdrops is a free airdrop repository. Airdrops.io is a “free aggregator for crypto airdrops,” according to the website, and has no role with the airdrops listed there.
Latest, Hottest, Holder, Potential, Retroactive DeFi Airdrops, and Non-Fungible Token (NFT) airdrops are the six types of airdrops on Airdrops.io. The website’s page has a large number of airdrops.
While they make every attempt to publicize legitimate airdrops, you should perform your own research before investing in a token presale offer and avoid exposing your personal information.
You can subscribe to their newsletter and receive airdrop notifications in your emails to stay up to date on the current or forthcoming airdrops.
99airdrops.com
This airdrop network, which was founded in 2018, has built a name for itself by alerting users of upcoming airdrops. It’s without a doubt one of the greatest websites to learn about airdrops, as well as how to participate in them.
Every piece of information is made available to you, including all important information to assist you in redeeming your tokens, as well as numerous news articles about the airdrop on the internet.
The platform solely provides information about legitimate projects. The 99airdrops site can make future pricing projections based on specified parameters in order to improve the platform.
The website is simple to use, and it is one of the best and fastest tools for alerting consumers to new airdrops.
To stay informed about impending airdrop events, the 99airdrops platform arranges upcoming events by time. At the very least, you will receive a 24-hour notice before the airdrop begins. Furthermore, the platform pays out cryptocurrency to its subscribers on a weekly basis.
AirdropKing.io
Airdrop King helps crypto enthusiasts generate money with little effort by providing well-researched and thorough cryptocurrency airdrops.
Unlike other sites, Airdrop King goes above and above to grade each choice and provide sufficient information to help you make the most of every airdrop.
Airdrop King divides airdrops into four categories: new, best rated, high value, and ending soon. The worth (estimate of price) of each airdrop reported on the site is plainly visible.
Coin Airdrop
Coin Airdrop is a dedicated website that is updated on a regular basis to provide the most recent airdrop announcements. Its simple interface provides customers with all the information they need about upcoming activities as well as information on how to claim airdrops.
Newcomers to cryptocurrencies are not left behind; the site not only informs newcomers about airdrop prospects, but also provides them with the necessary information to help them catch up with the rest of the world as quickly as possible. Midas, a bitcoin enthusiast, is the owner and operator of the platform.
Airdrop Addict
This platform also makes the most trusted platforms list, ensuring that correct airdrop releases are made. Top airdrops are rated using a ranking system, and untrustworthy airdrops are separated. It’s difficult to miss any event because the countdown meter informs you of how much time is left until the event begins.
Having known the different airdrop websites where you can get ‘free tokens,’ there are some task and things needed to be done on how to be get or be eligible for a crypto airdrop.
How to get a crypto airdrop
- Performing regular searches online for crypto airdrop opportunities
- Following airdrop aggregators and signing up on their website for their exclusive airdrops
- Signing up for new platforms to take advantage of any standard airdrops they offer
- Holding a certain different token—a subtype of airdrops referred to as “holder’s airdrop.”
- Monitoring up-and-coming projects to prepare for bounty airdrops
- Joining a Telegram group,
- Following certain Twitter accounts and retweeting their tweets
Advantages of crypto airdrops
• It makes it simple to get started with cryptocurrency.
• Crypto airdrops could be a way to bolster one’s crypto portfolio without having to buy digital assets.
• Airdrops are an excellent way to raise awareness of the company’s goals and increase ownership of the virtual currency.
Disadvantages of crypto airdrops
• Crypto airdrops can be pump-and-dump schemes. That is, owners of the cryptocurrency could be artificially inflating its value in order to make a quick profit.
• Risk of giving money or sensitive information to a fraudulent platform.
• The price of the airdropped coin could drop before you have a chance to sell.
• Some airdropped assets could just as easily be worth nothing.
Conclusively, while some of the above listed crypto airdrop websites offer airdrops to both new and old crypto users, it is important to always Do your own reasearch (DYOR) before getting involved in some crypto airdrops.
