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A crypto airdrop is when a blockchain project distributes s 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. 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.
Currently, the most common crypto airdrops require a few simple social media task. These projects use an airdrop as a marketing campaign. Examples of this format are Shivom, TraXion, and Sandblock.
A Hardfork is a less common, but well known way to do an airdrop. At a certain block number a chain Hard fork’s in to two separate chains. if both chains get miner and community support you now have 2 separate coins! The most famous examples of this are Bitcoin Cash & Ethereum Classic.
Every airdrop has a different set of rules.
Currently 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.
Most airdrops of today require to join their Telegram group so make sure to download the Telegram app.
Other possible requirements are:
- Slack & Discord
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 free crypto as this concept keeps gaining popularity.
If you’re not paying for the product, you are the product. With doing an airdrop the project creates awareness about their ICO or token. It brings people to the project that otherwise would not have owned or heard about it. It could lead to token price appreciation since people value a token they own higher than a token they don’t own. This is called the endowment effect.
Airdrops create a community/network of people who own the tokens. If you would list the token distribution after an ICO in a pie graph, a large part of the pie is still owned by the Dev’s or project. Another large part is owned by people who joined a pre-sale. And a reasonable part is owned by people who invested in the ICO. An airdrop adds an extra slice to the pie and that slice will have the most people in it.
An airdrop also plants a seed. When you look at Coinmarketcap you will see a list of thousand coins. Just on page one, you can see 100 coins listed. However, if you have or had a coin that name is still in your brain. The seed is planted and whenever you check Coinmarketcap and scroll down, the name of the free e-Coin will jump out and people will check how it is doing. If they see an article that the free e-Token is doing well or bad, they are more likely to click it if they own it or previously have owned it. It’s just like advertising!
Looking forward, possible crypto airdrop developments could be projects starting to gift tokens to users who hold tokens in projects that overlap or have some synergy with their own. We could also see projects encouraging other projects to airdrop to their token owners and receiving some benefit in return. Like we already see happening at the Ethereum, Waves, NXT & Komodo platforms.
So now you have free crypto, what do you do? Many coins that do airdrops are PRE-ICO or just finished their ICO. This often means it is not traded yet on the bigger exchanges.
We suggest you make an account at all exchanges we listed so you can easily sell and receive your crypto airdrops.
We hope you receive as many airdrops as possible and that they increase in value over time. Many projects that are now top 40 coins have done airdrops in their early stages, like NEM, DECRED & Ripple. You don’t need to immediately sell your free crypto, there is nothing wrong with being a HODLer.
Exclusive airdrops are only for XNews subscribers.
We host special airdrops in collaboration with ICO’s. We are responsible for the registration, distribution and promotion of these airdrops.
We have hosted Exclusive airdrops for over 20 ICO’s and will bring you more in the near future.
Are you an ICO that wants to do an Exclusive airdrop with us? Contact us via the contact form or directly submit your airdrop.
The safest way to store your airdrops is hardware & cold storage wallets. These wallets store your coins offline and therefore protect them from being hacked. There are a number of hardware wallets available. We would advise using the Ledger Wallet Nano S or Trezor.
Not all cryptocurrency can be stored in hardware wallets. We advise you to store your crypto in wallets where you control your private keys. You don’t want your free crypto to be stolen!
To avoid scams we have a few general rules:
- Never give your private keys!
- Use 2 Factor Authentication on your wallets
- Be careful downloading wallets of a smaller project, possibly use a Virtual machine.
- Never click on links redirecting to wallets
- Don’t use your main email address to apply for airdrops
- Don’t re-use your passwords when you register on a website
- Don’t send small amounts of crypto to receive your airdrop
We strive to keep our website free of scam projects. Our team provides research behind each coin we list. However, it is still possible we miss a scam project. Recently some projects changed their google form asking for private keys after we list them on our website. We award people with $100 worth in XBX if you email us about a scam on our website under upcoming or active airdrops. Help us to keep the site clean and prevent other people to be a victim of a scam. Contact us at: [email protected]
We rate the airdrops based on the ICO/token, website, social media, Bitcointalk thread and our experience dealing with over a thousand new airdrops.
The star rating:
★★★★★Excellent, a must join
★★★★ Good airdrop, estimated value medium-high
★★★ Legitimate airdrop
★★ Legitimate airdrop, estimated value low
★ Join at your own risk
If an airdrop is not listed on our website it did not pass the approval of our analyst. This means that the risk of a scam is too high to promote through our platform. Airdrops that are not listed on our website are not eligible for our scam bounty.
Do you want to list your airdrop on XNews?
Please note that listing on XNews is free. Because we have a very long queue of pending Airdrops to be listed on AirdropAlert it might take several days for your Airdrop to be published. If you want your Airdrop to be reviewed before others, apply for Priority application.
Go ahead and submit your airdrop!