Airdrops — Get Free Crypto Coins From Top ICOsby@devins
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14,165 reads

Airdrops — Get Free Crypto Coins From Top ICOs

by Devin Soni5mFebruary 25th, 2018
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Airdrops are the <a href="https://hackernoon.com/tagged/crypto" target="_blank">crypto</a> analog to free samples in the mall. Projects that are just starting out will oftentimes give out a small amount of free tokens to verified people in order to spread the word about their project. They often do this near the time of their <a href="https://hackernoon.com/tagged/ico" target="_blank">ICO</a>. This is done to facilitate user growth and incentivize people to tell others about the project (often through referral systems or social sharing promotions). Airdrops occur in various forms, including: mass-dropping to wallets (for example, all NEO wallets will get x amount of the token), and free tokens upon community involvement or signing-up for something and providing some basic personal information. Usually the amount given out during airdrops is small in terms of fiat currency, but if you hold on to the tokens for an extended period of time and you picked a good project, these tokens can grow in value, making your airdropped amount worth a significant amount of money. Projects that gave out airdrops months ago can be worth $100s of dollars now, due to price appreciation. It is ultimately up to you whether or not you hold onto them or sell, but note that many airdropped coins will not be listed on an exchange at the time of airdrop, so you will usually have to wait some time to sell them.

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