FAQ & Help
What is Crypto Airdrop ?
In the cryptocurrency world, an airdrop stands for free crypto tokens, which you can earn by doing simple tasks on different social media platforms. The provided tokens are given out by new cryptocurrency projects. Airdrops normally take place up 1 to 3 months before the ICO (Initial Coin Offering) of a project. The reason for an airdrop is that new projects want to increase their userbase. In addition, they also want to attract new potential investors for their upcoming project.
There are also airdrops for established cryptocurrencies, but they are less frequent. Airdrops, where you hold a coin, are more common. For this kind of airdrop, you hold a specific cryptocurrency at a defined time (called snapshot), you’ll get a part of the newly created cryptocurrency, based on the amount you were holding and the defined ratio.
We find that airdrops are a very good way to get an insight into the cryptocurrency realm for free.
Why do they give me token for free ?
Their main goal is to get users who spread information throughout different social media channels about their projects. Mostly it’s about sharing and liking posts on their social media channels. As you can see the tasks are quite easy to fulfill. Because of your support, more people will learn about their projects. This will raise awareness and attract new potential investors. A high user base and awareness have a positive impact on the token value. That’s mainly the reason why they are giving you tokens for free – That’s the way how they promote their projects!
There are different types of airdrops:
- Initial-Coin-Offering (ICO) Airdrops
These airdrops take place before the ICO (Initial Coin Offering). Such airdrops need a long time of period and can also be unsuccessful if the project doesn’t collect their Soft Cap in their ICO.
- Holder Airdrops
Companies will distribute tokens to their token holders for free. To benefit from it, you need to have a defined token at a certain time, so-called snapshot, in your wallet.
- Hard Forks – Not so common
Requires to hold tokens on the Original Chain. The most famous examples, for that kind of airdrops, are Bitcoin Cash and Ethereum Classic.
How can I participate in crypto airdrops ?
You need different social media accounts and crypto wallets to participate in airdrops. Below you can find a list of the most important social media accounts.
Create a Crypto wallet
You need to create different wallets to be able to receive airdrops.
We would recommend you to have at least a wallet for ERC20 tokens. 90% of all crypto airdrops are created on the Ethereum Chain.
Beside of that, it’s important to have an active wallet (at least a few transactions), many airdrops check for that, to prevent mass registrations of bots, which automatically create empty wallets.
Create Social Media accounts
We would recommend having at least the following Social Media accounts:
Remark: If you have participated in an airdrop, never leave any social media channel before you’ve received the tokens of the airdrop, otherwise this can lead to disqualification.
Create an airdrop dedicated email address
Create an email address which you can use for airdrops only. You should regularly check your mail account – often additional actions are required.
What is difference between airdrop & bounty program ?
For an airdrop, you have to do an activity only once. After a while (mainly after the main sale) you will get your free tokens. Rewards are lower, due to lower effort.
For a bounty program, you are asked to do regular activities and you often have report all tasks which you have done to the project team to receive your tokens.
Bounty programs are worth more than airdrops, but the effort is not comparable. Please always keep in consideration, that some projects can fail. If that’s the case you won’t receive any tokens for the effort you’ve done.
When do I get my airdrop tokens
Most of the time it takes 1-3 months until you get your tokens. We always try to give you an exact date as early as possible. The reason, that you have to wait, is that airdrops mostly take place before the ICO. Tokens will be distributed after the main sale. On our website, you can find our crypto airdrop calender.
If you do airdrops which are not listed on our website, you should regularly check your wallet. There are different types of tools existing. Never use your private key to check your wallet, there are easier ways (please check our link list below). Apart from that, you should keep track of joined airdrops and check for announcements, if the tokens have been distributed to all participants.
If you join the airdrops on AirdropBob, we will take over the big part of the work and will actively inform you about the airdrops you’ve participated in. All you have to do is to mark your airdrops as “favorite”. So no more observing for you! We see this as one of our unique services – a nice advantage for you 🙂