How to Earn Money Online Without Investment for Students in 2023|Crypto

Earn Money From Crypto Airdrops

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A crypto airdrop is when a cryptocurrency project gives away free coins or tokens to users as a promotional tactic. It's a way to acquire digital currency without buying it, but there are both advantages and disadvantages. It's crucial to know the various kinds of airdrops, where to find details about them, and how some of them can lead to earning money.

What are crypto airdrops?

A crypto airdrop is a promotional approach that cryptocurrency projects use to incentivize the adoption of a new platform. As part of an initial offering or as a reward for promoting their brand, new projects may airdrop (send) cryptocurrency into users' wallets. Regardless of the reason for the airdrop, the outcome is typically the same: the crypto investor receives a certain amount of coins or tokens for free or for completing a small task.

Airdrop is the giving away of crypto assets for free to an asset holder or a community. Usually done to promote new crypto asset products. There are several ways to get an airdrop, one of which is by buying crypto assets through an ICO or initial coin offering before officially listing on the exchange. The easiest way is to join a group that hunts for airdrops. These groups are found on various platforms such as Facebook, Telegram, and others.

Crypto airdrops could be an easy way to diversify your portfolio without having to buy anything. They can make you some money and get on the ground floor of a new platform. However, not all airdropped coins mean free money.

Some airdropped assets can easily be worth nothing and it’s usually hard to predict what project will be successful early on. You could spend hours looking for and participating in airdrop opportunities only to find out that the price of the coin dropped before you could even sell it. 

There are four types of crypto airdrops:

• Standard airdrop sends a certain amount of native coin or token into existing wallets as a marketing strategy. Its main goal is to promote the new coin, the brand, and encourage more people to buy.
• Bounty airdrop is also a form of a marketing strategy but it’s not free. The potential recipients have to promote the brand and receive the digital asset as a reward.
• Exclusive airdrop sends coins only to a group of people who follow a specific third-party website. Those sites share news about new crypto projects and their upcoming airdrop events.
• Holder airdrop was created for people who already have some amount of another cryptocurrency in their wallets. They need to prove it first in order to get another coin as a reward.

AirDrop is one of the two most effective methods for obtaining free cryptocurrency (tokens). During the AirDrop, the developers of the project give free coins for everyone, and in return ask to register on their resource or perform any other simple task. Another common option is when the developers pay the holders of their tokens 10–15% of bonuse