Airdrops Airdrops-- Read all about them!

When I first came across this I really did not know what it was or meant but after a bit of research it became clear it is quite an interesting idea. But in case your not up to scratch with your Airdrops here is an explanation of what they are

What is an Airdrop in the Crypto World?

A crypto airdrop is when a blockchain project distributes free tokens or coins to the crypto community.
To be a recipient of a crypto airdrop often the only requirement is that you have coins from the relevant blockchain stored in your wallet. Examples of this format of airdrops are Byteball, Stellar lumens and OmiseGo.
Other crypto airdrops require social media posts or you need to contact a member of the team on the Bitcointalk forum. These projects use an airdrop as a marketing campaign.
The format of these crypto giveaways is usually like this: At a pre-announced time the project behind the event will take a ”snapshot” of the blockchain, and anyone holding Ether or Bitcoin at that point will receive a certain number of free tokens. This can also be done on other blockchains, but Ethereum and Bitcoin are the most used for this airdrop format.
Another possible way to get free crypto is a faucet. This means you get a small amount of free crypto for a longer period of time. An example of this one is a crypto wallet that drops Bitcoin, NEO, Litecoin, Dash & more every day,

Why would blockchain projects give away free tokens?

To simply create awareness about their ICO or tokens. A form of advertising that brings people to their project or coin who otherwise might not have heard of it and it could make them more likely to invest in their project. It can also lead to a spike in the value of a token. Look at how many coins are out there and if you own a particular one on the list then you are going to be checking on how that coin is performing before you check the rests so the company have succeeded in planting the seed giving their coin a presence in the market.

How do I get my hands on one of these Free Airdrops?

Well for those of you who already have E-Wallets you could be at an advantage, however each Airdrop has a different set of rules. It is suggested that you make a Bitcointalk forum account to be able to apply for the airdrops that require contacting a team member (usually PM). Ethereum Dark airdrop is a good example for this format. Every person that wanted to apply for this ETHd airdrop had to PM the developer with his ETHd address to get the tokens. “Newbies” on the forum are often rejected for new airdrops, so we suggest you post once in a while to get a higher rank.
Some new airdrops require retweets on Twitter, usually you need a minimum amount of followers. Make sure you have active social media accounts to be eligible for these free crypto tokens.
Check your wallets regularly to see if you received surprise airdrops. Platforms like Waves or Komodo have delivered airdrops for Waves or Komodo holders without any announcement.
If you are an investor holding a diverse portfolio of coins you are likely to be receiving more and more free crypto as this concept keeps gaining popularity.
So there are plenty of ways to get involved. Many coins that are now listed in the top 40 did this type of thing in their early stages so keep an eye out for them as there are sure to be plenty coming up.

Conclusion

Certainly an interesting concept that is bound to bring more people to the Cryptocurrency market, its a smart form of advertising and promoting especially a new coin and everyone like to get something for nothing these days. So If you would like to know more about Airdrops then email support@gocryptosales.com or If you have any questions then leave a comment and I will be happy to get back to you
Cheers Gerry gocryptosales.com