FAQ (frequentely asked questions)
What is a crypto airdrop?
A crypto airdrop is when a blockchain project distributes free tokens or coins to the crypto community. Examples of free coins crypto airdrops are Ripple, OmiseGo, Stellar Lumens and Ontology. Airdrops have different formats. AirdropCollector aims to make it more easy and efficient for everyone to participate and receive coins from crypto airdrops.
How do I get free crypto?
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 depends per project. AirdropCollector screens for the eligible projects that everyone can participate in. Currently the most common crypto airdrops require a sequence of steps including simple re-posting of messages via several of the recipient's social media accounts.
How do I get free crypto?
Every airdrop has a different set of rules. Currently new airdrops require retweets on Twitter, usually you need a minimum number of followers. Make sure you have active social media accounts to be eligible for these free crypto tokens.
Most airdrops of today require you to join their Telegram group so make sure to download the Telegram app.
Other possible requirements are:
5. 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 and more free crypto as this concept keeps gaining popularity.
Why do ICO's give away free tokens?
Airdrops create a community/network of people who own the tokens. By providing free tokens, it creates awareness of the project in order to have more people make use of the platform.
An airdrop also plants a seed. When you look at Coinmarketcap you will see a list of thousand coins. By understanding the performance and the position, it stimulates the purchase or sell of the coin.
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. This is what we see happening for instance with NEO and Ontology users.
Where do I sell my airdrops?
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. The blockchain projects themselves often communicate in advance when they will be listed on an exchanges where you are able to sell or buy the coins.
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.