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Table of Contents

 * What Is Crypto Airdrop?
 * What Types Of Crypto Airdrops Are There?
 * Where To Find Crypto Airdrops?
 * Crypto Airdrop Risks
 * How To Avoid Restrictions And Increase The Odds Of Succeeding With Airdrops
 * Wrapping Up On What Is Crypto Airdrop
 * Frequently Asked Questions On What Is Crypto Airdrop

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What Is Crypto Airdrop? 2024 Guide + Tool To Multiply Efforts



WHAT IS CRYPTO AIRDROP? 2024 GUIDE + TOOL TO MULTIPLY EFFORTS

02 Apr 2024
Vlada Korzun


Crypto airdrops are a good way to test the waters and start with crypto. On the
one hand, you don’t lose anything by participating in an airdrop, as you get
tokens for free. On the other hand, a good crypto airdrop can help you earn
money and sometimes even make you a fortune.

If you are looking for an easy way to multiply your airdrop efforts, you’re in
the right place. Read on to learn how you can increase the chance of achieving
success with crypto airdrops.




WHAT IS CRYPTO AIRDROP?

A crypto airdrop is a marketing strategy that involves sending free coins or
tokens to users’ wallet addresses. Cryptocurrency projects use airdrops with the
goal of raising awareness about their new currencies, promoting their adoption,
and rewarding loyal customers.



The process of how crypto airdrops work varies depending on its type and the
crypto project. In general, there are three steps:

 1. Announcement. Cryptocurrency projects typically announce upcoming airdrops
    on their social media or via email newsletters.
 2. User action. Some crypto projects distribute their tokens without requiring
    anything, while others want users to perform particular activities first.
    These activities may include following the company on social media, holding
    a minimum amount of digital assets in the wallet, or posting on your social
    media.
 3. Token distribution. The company creates a list of wallet addresses that have
    been qualified for the airdrop, and smart contracts automatically distribute
    tokens to the recipients.


WHAT TYPES OF CRYPTO AIRDROPS ARE THERE?

There are several types of crypto airdrops, each with a different purpose and
unique characteristics.


1. STANDARD AIRDROP

If you’re interested in receiving a standard airdrop, you just need to provide
your wallet address to receive the tokens. Some crypto projects don’t require
additional information from you.

Reddit users share lifehacks on how to multiply your airdrop effort.

In a standard airdrop, a crypto project typically distributes tokens with a
limit on how many digital assets a user can receive. Some users can create
multiple crypto wallets in order to quickly drain the airdrop amount, making
these airdrops more difficult to receive.


2. BOUNTY AIRDROP

To participate in a bounty airdrop, users need to perform certain tasks, such as
promoting the crypto project on social media, inviting friends, writing reviews,
and tagging the company.

There may also be bonuses for users who join the project’s Discord channel,
subscribe to their newsletter, or help attract new participants.

Here is an example of how a user could participate in a crypto airdrop. In
addition to coins, they got NFTs, which can also gain value over time.

Users typically receive points equal to the amount of tokens they earn for
completing tasks. In addition, users may need to receive a certain amount of
points to become eligible for the airdrop.


3. HOLDER AIRDROP

As the name implies, holder airdrops reward long-term participants who hold a
particular digital asset. In other words, users don’t have to perform additional
actions to qualify for the airdrop.

Holder airdrops ensure that only the largest investors receive the benefit.
Sometimes, such airdrops reward users who hold a certain amount of tokens.
Otherwise, the company may divide the reward amount proportionally.


4. EXCLUSIVE AIRDROP

An exclusive airdrop occurs when users are selected or invited by the project
team or partners to receive the rewards.

They may be qualified for the airdrop for being early supporters of the crypto
project or active community members, posting the most messages on social media,
and spending the most money on non-token activities, among others.

In other words, exclusive airdrops may benefit wallets that don’t have any
tokens.


5. RAFFLE AIRDROP

Sometimes, different airdrops combine with a raffle airdrop. In such cases, a
crypto project will state the number of rewards they will give out and motivate
users to earn a raffle ticket. To receive these tickets, users can hold tokens,
earn points, or just express their interest to receive raffle tickets.

As the name implies, the project then holds a lottery, randomly selecting wallet
addresses from ticket holders to determine who will be receiving the tokens.


WHERE TO FIND CRYPTO AIRDROPS?

To stay updated about upcoming airdrops, follow cryptocurrency projects on
social media, subscribe to their newsletters, and join their communities. Make
sure you keep an eye on official resources to minimize the risk of getting
scammed.

Another option, especially if you’re new to the industry, is to join reputable
crypto platforms, such as CoinMarketCap, Airdrops.io, and Airdrop Alert. Many
companies promote their crypto airdrops on these platforms, so it’s a good place
to start.

Lastly, you can find subreddits and Telegram channels dedicated to following
airdrop trends. However, these sources are often filled with scams, so you
should double-check the information you get from there.


CRYPTO AIRDROP RISKS

Although crypto airdrops can be an excellent way to earn passive income, they
come with risks and potential scams. This section will cover the most common
risks associated with crypto airdrops and ways to avoid them.


SCAMS

Unfortunately, not all airdrops are genuine. Scammers create fake airdrop
websites or social media accounts and ask users to pay cryptocurrency to get the
airdropped tokens or participate in a crypto airdrop.

Reddit users share the most common problems when dealing with crypto airdrops.
Unfortunately, there are many scams.

Once you send your money, scammers get away with the funds, and you never
receive any tokens. Bad actors may also ask you to share your private keys to
drain your wallet.

The only advice here is to never share your private keys with anyone and always
do your due diligence.


TAXES

Crypto regulations vary from country to country, with some jurisdictions viewing
airdrops as a financial instrument while others consider airdrops as a marketing
strategy.

Thus, you should check if your jurisdiction requires you to declare crypto
airdrops on your tax return to avoid long-term issues.


RESTRICTIONS

Make sure you understand the terms and conditions of the crypto airdrop before
taking part in it. Otherwise, you risk not receiving the tokens and getting
blocklisted.

For example, top crypto and blockchain based platforms don’t allow investors to
create multiple accounts and use multiple wallets. Therefore, you can’t multiply
your airdrop efforts and receive more tokens.

Crypto platforms typically have strict requirements for account authenticity and
powerful fingerprint trackers, so VPNs or proxies will likely get you blocked.
However, privacy browsers with antidetect features like GoLogin may help you
overcome account restrictions.

Note: A digital fingerprint is your unique digital user ID. It contains
information about your IP address, location, installed plugins, time zone,
operating system, and many other parameters. In other words, websites can track
your exact device and follow it around the internet, even in incognito mode.


HOW TO AVOID RESTRICTIONS AND INCREASE THE ODDS OF SUCCEEDING WITH AIRDROPS

GoLogin allows you to create multiple browser profiles with unique digital
fingerprints, making each profile look like a separate user. Thanks to this
feature, you can participate in crypto airdrops with multiple accounts and
wallets. GoLogin profiles avoid being banned even on the most advanced crypto
platforms.

X (former Twitter) users share their experience with browsers for
multi-accounting. GoLogin proves to be the best solution.

Another advantage is GoLogin’s stability. Users name this factor one of the main
reasons for choosing this browser. After all, the app won’t crash during token
sales and other heavy loads.

In addition, GoLogin has a user-friendly interface, making it a perfect solution
for new and pro users. There is an Android app and a Web app with a Cloud
profile launch, which means you can participate in crypto airdrops no matter
your device.

Choosing Free proxy on GoLogin main screen with multiple profiles.


WRAPPING UP ON WHAT IS CRYPTO AIRDROP

Crypto airdrops can be a lucrative opportunity for you to earn passively.
However, you should be careful and double-check all the details to protect
yourself from fraud. In addition, you have to follow the rules of the airdrop,
which may be stringent sometimes. The good news is that now you have a tool for
protecting your efforts and increasing your chances of earning passive income.


FREQUENTLY ASKED QUESTIONS ON WHAT IS CRYPTO AIRDROP

Here are answers to some of the most frequent questions about crypto airdrops.


ARE CRYPTO AIRDROPS PROFITABLE?

Yes, crypto airdrops can be extremely profitable. You get tokens for free and
then can hold them, trade them, or sell them for a profit.


HOW DO I ACCESS CRYPTO AIRDROPS?

To participate in a crypto airdrop, you must fulfill specific criteria:

 1. Set up a crypto wallet.
 2. Research the crypto project behind the airdrop and meet its requirements.
 3. Claim airdropped tokens according to the airdrop schedule.
 4. Make use of your tokens.


WHAT IS CRYPTO AIRDROP BEST WITHDRAWAL METHOD?

Once you have received your airdropped tokens, you need to find an exchange that
supports the token type. For example, if you have an ERC-20 token, you can
withdraw it from any Ethereum-based crypto exchange.


WHAT HAPPENS AFTER A CRYPTO AIRDROP?

After receiving the tokens, you should check the company’s requirements, as some
of them may want you to hold the asset for a certain time. In general, you can
keep the tokens and hope their value increases over time, sell them, or invest
more in the token after conducting thorough research about it.

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