Claim Your Share Of The Crypto Market With These Amazing Airdrops

The Crypto market has a lot to offer. And airdrops is one of its strategic marketing tools. Read this article to know more about amazing airdrops and grab your share of the crypto market.

In the crypto market, airdrops have become an increasingly common marketing strategy.  

Cryptocurrency projects create hype and interest around their product by giving away free tokens to interested parties. A growing number of projects are issuing airdrops to reward their early contributors and entice new supporters as the popularity of cryptocurrencies rises. 

The distribution of free tokens or coins to users who fulfil particular criteria is known as an airdrop. It can be a terrific method to expand your Bitcoin portfolio without making any investments if you claim a share of airdrops. 

What are Airdrops?

As a form of promotion, cryptocurrency projects employ airdrops to give out free tokens or coins to lots of consumers. The purpose of airdrops is to increase interest in a new cryptocurrency project and draw in new investors and users. 

Early adopters or people active in the Bitcoin community are the typical targets of airdrops.

Typically, airdrops are announced on Bitcoin forums or through social media. While the conditions for receiving airdropped tokens differ from project to project, they usually call for users to carry out specific tasks or satisfy certain requirements, such as owning a particular cryptocurrency or engaging with the project on social media. 

Retweeting a tweet, joining a Telegram channel, or introducing friends to the initiative are typical airdrop requirements.

The tokens are usually distributed to the user’s wallet once the prerequisites have been satisfied. Depending on the project, an airdrop may issue a small number or thousands of tokens. 

The window of opportunity for users to engage in airdrops is typically limited and is publicised in advance.

New cryptocurrency projects can benefit significantly from airdrops in terms of community development and visibility. Users may be able to participate in a project through airdrops without making any financial commitments. 

It is crucial to remember that not all airdrops are real, and some could be frauds. To avoid being a victim of fraud, it is vital to do your homework and exercise caution before taking part in airdrop shares.

We will examine some of the most popular airdrops currently offered in the cryptocurrency market and then outline a step-by-step process to claim an airdrop share.

To gain better in the crypto market, it pays to know the top strategies or trending tools that work best for you.

Here’s a list of some of the popular airdrops:

• Uniswap (UNI)
• PancakeSwap (CAKE)
• SushiSwap (SUSHI)
• Compound (COMP)
• (CRV)
• Badger (BADGER) DAO 

• Uniswap (UNI)

The Ethereum blockchain-based decentralised exchange Uniswap enables users to trade tokens based on Ethereum without using intermediaries. UNI airdrop was initiated by Uniswap in 2020 for platform customers who have previously used the service. 

Each user received 400 UNI tokens, which at the time of the airdrop were worth about $1,200.

• PancakeSwap (CAKE)

PancakeSwap is a decentralised exchange and is based on the Binance Smart Chain. It enables users to exchange tokens built on the Binance Smart Chain. 

PancakeSwap began airdropping its governance token, CAKE, to past site users of 2021. At the time of the airdrop, each user received 1 CAKE token, which was about $25.

• SushiSwap (SUSHI)

A decentralised exchange based on the Ethereum blockchain is called SushiSwap. Users can exchange Ethereum-based tokens using it. 

SushiSwap began airdropping its governance token, SUSHI, to past site users in 2020. Each user received 100 SUSHI tokens, which at the time of the airdrop were worth about $700.

• Compound (COMP)

This is a decentralised lending network based on the Ethereum blockchain. It enables the lending and borrowing of Ethereum-based tokens by users.

Compound began airdropping its governance token, COMP, to platform users in 2020 who have previously used the service. 400 COMP tokens, each valued at about $3,000 at the time of the airdrop, were given to each user.

• (CRV)

Built on the Ethereum blockchain, Curve is a decentralised exchange specialising in trading stablecoins. The airdrop of Curve’s governance token, CRV, to platform users who had previously used the service began in 2020. 

Each user received about 2,000 CRV tokens, which at the time of the airdrop were worth about $10,000.

• Badger (BADGER) DAO

The Badger DAO project attempts to enable consumers to engage in Bitcoin-based DeFi by offering tools and infrastructure. 2020 saw the debut of Badger DAO’s airdrop of its governance token, BADGER, to platform users who had previously used it. Each user received 60 BADGER tokens, valued at the time of the airdrop at about $1,800.

Ways To Claim An Airdrop Share 

If you are new to the concept of airdrops and want to know how to begin to claim yours, below is a quick step-by-step process that can guide you.

• Look for Airdrops
• Check Your Eligibility
• Sign up for an Airdrop
• Carry out Further Tasks
• Receive tokens
• Exchange Tokens

Step One: Look for Airdrops

Finding airdrops is the first step to receiving one. You may keep up to date by following cryptocurrency initiatives on social media sites like Twitter and the numerous websites and forums that detail current airdrops. The popular airdrop websites Airdrop Alert, Airdrop King, and Airdrop Bob are just a few examples.

Step Two: Check Your Eligibility

After finding an airdrop that interests you, the next step is to confirm that you match the qualifying requirements. Most airdrops have prerequisites to fulfil to be eligible, such as holding a specific quantity of a particular cryptocurrency or engaging with the project on social media. Before continuing, carefully read the prerequisites and make sure you meet them all.

Step Three: Sign up for an airdrop

The next step is to register after ensuring you are eligible for the airdrop. This typically entails completing a form with your contact information and wallet address. You will be given the tokens based on the information you submit, so be sure to be exact.

Step Four: Carry out Further Tasks

Sometimes, you might need to finish extra activities to acquire the tokens during an airdrop. Joining a Telegram group or retweeting a tweet are two examples of this activity. For the sake of receiving the tokens, make sure you finish all the necessary tasks.

Step Five: Receive tokens 

After completing all the required processes, you should receive the tokens in your wallet. Depending on the project, the time it takes to acquire the tokens may differ. Do not give anyone access to your private keys, and keep your wallet secure.

Step Six: Exchange Tokens

You can now trade your tokens on cryptocurrency platforms or save them for potential gains in the future. Before exchanging tokens, conduct thorough research, and always stay within your means.

Finally, claiming a portion of airdrops can be a terrific method to expand your cryptocurrency portfolio without making any financial commitments. Adhering to these instructions can raise your chances of successfully claiming a share of airdrops. 

To avoid spending more than you can afford to lose, do your research before making any Bitcoin investments.

Conclusion

Cryptocurrency projects are increasingly using airdrops to boost the interest of users in their platforms as well as the activities on their platforms. As the illustrations above demonstrate, some of these airdrops can be highly profitable for participating users. 

Though not all airdrops are created equal, it is crucial to remember that you should conduct your research before taking part in any airdrop.