WHAT DOES AIRDROP MEAN IN THE CRYPTO CURRENCY EXCHANGE?

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10 Jan 2024

So, what is airdrop in the cryptocurrency exchange? Airdrop, which means 'coin coming from the air' in the cryptocurrency world, is applied in the cryptocurrency exchange and the main purpose of the application is to advertise a new coin entering the market. The new cryptocurrency is distributed free of charge in a certain amount to users with virtual wallets. The aim here is to promote crypto money and increase its trend in the stock market. Airdrop, which attracts attention in the virtual money world, is done by distributing a small amount of coins to the virtual wallets of active members in a blockchain. In this method, which is an active marketing strategy, it is necessary to retweet the mail of the company sending the cryptocurrency, and when this small service is completed, money or cryptocurrency is transferred to the virtual wallet. Airdrops are generally introduced to users by making announcements on cryptocurrency forums and the relevant company's websites. The airdrop move made in the extremely competitive environment in the cryptocurrency market is a smart promotion. However, the promoted cryptocurrency cannot always be listed on the stock exchange.

How to Get Airdrops?

In order to get an airdrop, it is necessary to follow the cryptocurrency exchange closely, visit the forums and examine the websites of companies producing crypto money. There are 2 methods to get airdrops. In the first of these, a new cryptocurrency is sent in exchange for coins to the currently actively used virtual wallet. In the other case, the new cryptocurrency is sent to the user's virtual wallet free of charge. The company that sends cryptocurrency free of charge asks users to support the promotion of the company. Sharing anything about the company and promoting the company on social media is the only action the user can take. In addition, the airdrop system participation form can be filled out on the website of companies that want to introduce the new cryptocurrency. As a result of the company researching the user, the company includes the user in the airdrop system.

What are the Airdrop Types?

Airdrop, which is an effective marketing method for companies that want to take a place in the cryptocurrency market and produce crypto money, is divided into different types and the features of each airdrop type are different from each other.
In the standard type of airdrop, the user needs to sign up for any newsletter or various forums. The user who accesses the information directly becomes a potential user for the companies that will make the airdrop.
Bounty airdrop asks the user to share about the project they are involved in, and users who share the project are given a low amount of reward.
To make a Holder airdrop, the user must have some cryptocurrencies in their virtual wallet, and users who hold these cryptocurrencies are rewarded with free tokens.
Hard fork airdrop, one of the types of airdrops, is done through hard forking. The hardfork airdrop is derived from a cryptocurrency that is already in use, and users who own the original cryptocurrency are also entitled to this new derived currency. Bitcoin Cash, produced through Bitcoin, is an example of a hard fork airdrop type.