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How to get free crypto from an airdrop
No doubt, in the crypto space, some of the most-hyped events are airdrops. However, we will discuss how to get free crypto from this airdrop.
No doubt, in the crypto space, some of the most-hyped events are airdrops. However, we will discuss how to get free crypto from this airdrop. An airdrop is an event in which a cryptocurrency developer issues free coins or tokens to a user base, sometimes as a result of a hard fork and sometimes as part of a promotion or other change in network design.
The key for most investors is becoming aware of the airdrop phenomenon before it takes place. If you find out too late, you’ve missed out on your chance for free tokens or coins.
Fortunately, a recent report provides cryptocurrency investors with tools to gain more advanced notice about these special promotions and giveaways.
What are airdrops?
Many crypto companies distribute free coins to their communities to increase their project’s visibility, increase the circulating supply and stimulate trade. These free distributions are commonly known as airdrops.
They will reward you with tokens for completing simple social media tasks (Joining their Telegram group, reposting on Twitter, etc.). This offering creates a win-win scenario because the company gets free marketing, and you get free crypto. Other airdrops will reward you for simply holding a specific coin without the expectation of any reciprocal consideration.