Airdrop: What it is and how it works.
The Airdrop are projects carried out to give cryptocurrencies or tokens based on blockchain technology, simply that.
Why do they do it?
Types of Airdrop:
- Performing some concrete action
This type is the most used, the project offers you a number of tokens in particular for each marketing action you perform, such as following the official accounts of the project on social networks, in other things.
- Have open account in specific exchange
This type of Airdrop pays tokens if you are registered in an exchange that they indicate, these pages actively promote the project and therefore place these conditions to further increase the marketing within the exchange
- Installing App
There are applications that pay you tokens just for having them installed, they give you certain amounts of coins every day and these increase if you have referrals.
Do I need a specific wallet to benefit from the Tokens?
Ethereum is the most used for Airdrops, since most tokens are based on ERC-20, you can use any wallet that accepts this type of tokens, for example: MyEtherWallet.
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How much money can I earn with this system?
The result depends on several factors:
- In how many Airdrops are you registered at the same time
- How many references have you got to increase your tokens
- How long do you keep those cryptocurrencies before selling them?
- The general evolution of prices in the industry
Final tips
It is not advisable to buy tokens with your own money, many of the Airdrops are usually SCAM.
Do not provide information about your private key of your wallet to anyone
Create a special email for the Airdrops
Do not download programs from insecure sources
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