What is it?
The term airdrop was first used after 1945 to denote the dropping off of people, equipment and supplies by parachute from an airborne aircraft, to those on the ground.
However, in crypto it describes a method of distributing crypto to holders of the same coin or token, or holders of an affiliated crypto. Also, the holders may have a private wallet, or their exchange may distribute the airdrop to the holders.
Some airdrops require holders to have a minimum amount of tokens in a wallet, during a specific time period called the snapshot time.
On the other hand, other airdrops release coins or tokens in exchange for completing tasks like posting favourable remarks on social media or referring a friend.
Why Airdrop?
Airdrops are usually done for marketing purposes. Firstly, if it’s the same token, the positive publicity from token holders to others, whether online or in person, is designed to enhance the reputation of the token. Secondly, if it’s an affiliated token, to introduce it to new persons, who then may take an interest in purchasing more.
Off course, I encourage that you dyor (do your own research). So, just because something is “free” does not necessarily mean that it will do well. So, have look at the fundamentals. Does it have a good use case in the real world? Do they have a large, active following on social media? Are the majority of postings positive? Do they actively and continuously work on the code? What is their market cap, in comparison to the total supply? What does their white paper tell you? Who are the management, advisors, coders and support staff? Are they transparent? And more…
Airdrop Art
Like colourful coins raining down from the sky, airdrops bring you extra holdings, and a smile. Above all, you are happy to accept the free tokens into your wallet, hoping they will become valuable over time.
For more information please read the Investment page, then the Gallery and Sales page. To purchase go directly to OpenSea.