Airdrop cryptocurrencies in 2024

Airdrop of cryptocurrencies

To become the owner of altcoins, a user does not always need to buy them on an exchange or invest in an ICO. It is enough to participate in Airdrop and get tokens for free. To learn about profitable giveaways allows you to find out about the list of Airdrop cryptocurrencies for 2024. It is updated daily and replenished with new projects.

What is Airdrop cryptocurrencies

The term “airdrop” refers to the procedure of giving away free tokens. Sometimes they get to the owners of certain coins for their storage in crypto wallets, but more often the distribution of currency occurs as a reward for subscriptions to blockchain project accounts in social networks, retweets and other simple actions. Users who want to profit are required to spend only a little time.

Reasons for giving away free tokens

Airdrop cryptocurrencies are held to attract the attention of a large number of users at the time of the release of a new product. The developers of the project integrate coins into the internal ecosystem and need to advertise their startup. The process is comparable to giving away a free sample of a product to find new customers and build a community of primary users.

Startup projects give away tokens in the period after the ICO or IEO. The main goal of advertising campaigns of this type is to find as many users and investors as possible.

A few years ago, social networks (Twitter, YouTube and others) banned paid advertising and promotion of digital assets (cryptocurrencies). As a result, airdrop became popular with blockchain startups as a marketing solution.

What it takes to obtain coins

To get cryptocurrency, the user does not need to perform any complicated actions. It is necessary to have an account in the blockchain payment system, on which the project will issue a token.

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If there is a distribution of coins of the ERC-20 or BEP-20 standard, then a wallet that supports Ethereum or Binance Chain networks, respectively, is needed.

Sometimes it is required to fill out a small report for automatic control of actions. As a rule, an Airdrop participant needs to provide details for receiving coins and links to social media accounts.

Types of Airdrop

There are 2 types of incentive programs from marketers of start-up projects to find the first users of cryptocurrencies. In some cases, users are required to perform simple actions, in others – it is enough to store coins in a wallet or on an exchange.

Incentivizing

To participate in the distribution of tokens you need to:

  • Subscribe to the project’s social networks.
  • Make a repost in your account.
  • Leave a comment under a video about the product, for example under a YouTube review.
  • Answer a few questions about cryptocurrency in the questionnaire.

All actions usually take up to 5-10 minutes.

Next, you will be asked to fill out a Google form or a report in a Telegram bot with a link to your social media accounts, as well as the address of the cryptocurrency wallet to which the developers will send coins.

Automatic

This type of airdrop implies that no action will be required from the user. Such distributions are provided for owners of other popular cryptocurrencies, for example: Ethereum, Tron or Binance Coin. Symbol airdrop was conducted in a similar manner for NEM holders in March 2021. To get a new type of cryptocurrency, a user needs to have a certain number of coins on his wallet balance by the time he needs them. Then a snapshot is made – a snapshot of the state of all participants of the announced project. At the specified time, tokens from the startup are sent.

Income from participation in Airdrops

Profit from one Airdrop directly depends on the success of the project and the popularity of the altcoin after its appearance on trading platforms. It often happens that the coin does not even go on the exchange, it can not be sold and fix the profit.

According to statistics, it is realistic to earn up to 5-20 dollars for participation in one Airdrop.

In the past, there have been many examples of successful distributions with benefits for both sides – the creators of the project and the primary users. Participants of the advertising campaign were later able to exchange free tokens for several thousand dollars, but such cases are not common.

Where to look for a giveaway

There are several ways to find new actual airdrops of cryptocurrencies in 2024 :

  • Bitcointalk. This is the most famous forum about altcoins, which appeared in 2009. Every day tens of thousands of users, including investors, traders, developers, entrepreneurs and ordinary users, communicate and share information.
  • Social networks – Twitter, Slack and Discord. A developing project must create pages in several social networks and post up-to-date information about bounty programs and airdrops.
  • Messengers – a lot of useful data on the topic of free giveaways can really be found in Telegram, in which there are various channels, chats and bots on cryptocurrency topics.

If you enter the hashtag #airdrop in the Twitter search bar, you will find many accounts that regularly update the list of actual giveaways.

Airdrop cryptocurrencies in 2024
Example of getting coins in Telegram messenger

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PositiveNegative
Increased demand for anonymous payment systems. As legislation in the area of financial control becomes stricter, entrepreneurs may be increasingly inclined to switch to instruments hidden from fiscal authorities.Banning the circulation of anonymous cryptocurrencies on exchanges and exchangers.
The use of koin for purchases and everyday transactions.Competition from new projects using similar technologies and algorithms.
Decreasing profitability of mining BTC, ETH and other tokens from the top-10 rating. Dash is better suited for mining with conventional equipment, which increases interest in the asset from novice miners.A drop in hash rate, a decrease in the active number of masternodes and the resulting slowdown of transactions in the network.

Aggregators

These are sites that study new projects and host information about future free programs, as well as

a

lot of other useful data about coins that are being prepared for release.

Recently, airdrops are often held on well-known trading platforms

. In search of giveaways, you should visit the best exchanges: Binance, Huobi, Coinbase and others. On these platforms there are special sections in which you can find a profitable and uncomplicated to participate airdrop crypto. To search for giveaways of tokens that have already entered the market, it is recommended to go to the popular service Coinmarketcap: in 2020, a section Earn appeared. Users of the resource have the opportunity to get coins by visiting the project page and watching short videos, as well as answering questions about the new cryptocurrency. You can learn about current and upcoming free coin distributions in the news feed on the site or through the social media accounts of a particular project.

How the distributions take place

Airdrops are held with simple conditions for users. The developers of the project indicate specific dates when you can participate in the giveaway. At the end of the campaign, they manually or automatically send free coins to the wallet addresses of users.

When tokens are distributed

You should not expect profit in the first 5 minutes. The distribution of free cryptoassets does not imply instant earning of tokens and selling them on the same day on the exchange. It

will be possible to fix the profit from airdrop not earlier than a few weeks or months after the fulfillment of the conditions.

First you have to wait for the developers to send what they promised

.

Next, you need to find information about the listing of the coin (in case it is not yet presented on CEX or DEX crypto exchanges).

Examples of profitable Airdrop

The most sensational airdrop of recent times is the distribution of free UNI tokens from the decentralized exchange service Uniswap. This exchange sent coins to platform users who made at least one transaction using the platform until September 1, 2020. Each wallet received 400 UNI, and liquidity providers had the opportunity to earn up to 1,000 UNI tokens.

Airdrop cryptocurrencies in 2024
Example of a profitable airdrop

When the cryptocurrency appeared on exchanges, in the first week it was realistic to earn from $3 to $7 for 1 UNI. Participants could record profits equal to about $1,200 to $2,000. In May 2020, the value of the UNI coin exceeded $40. The assets generated from a single Airdrop at one point reached a value of approximately $16,000. A similarly profitable Airdrop was held by the decentralized exchange 1inch Exchange. In 2017-2018, participants of cryptocurrency giveaways often earned hundreds and even thousands of dollars on tokens, as many of them artificially grew in value by the efforts of traders (in the jargon it is called “pampers”) and could show a result of 10,000-20,000% profit for several months. An example is the Stratis project.

Where to sell tokens

When altcoins have entered the balance of the cryptocurrency wallet, it is necessary to understand where you can sell these assets and make a profit. You need to go to the official website or to the project’s telegram chat. There you can read or ask about the listing of the coin. Sometimes it turns out to be more profitable not to sell them immediately, but to wait for an explosive rise in price.

The best exchanges to find the right token or cryptocurrency

On popular cryptocurrency trading platforms, it is realistic to find out which tokens have already been poured, and for which ones you will still have to wait. The ticker located in the header of the site or in the news feed provides information about the current distributions. The older and better known the site is, the more likely it is to find a project that will not fail, will not stop developing and will not disappear from the market in the coming months.

To find the best exchanges, you can visit CoinMarketCap, CoinGecko or Live Coin Watch.

In the Exchanges section you will find a list of trading platforms for selling, buying and exchanging cryptocurrencies.

Project selection

This point should be approached especially carefully. Not everyairdrop will bring benefits and earnings. There are a lot of fraudulent companies on the Internet, as well as blockchain startups that do not carry any value. There is no point in participating in all the giveaways in a row, because often the fulfillment of the conditions will not bring profit.

When choosing airdrop cryptocurrencies, it is important to pay attention to the product’s website and the team of developers.

One should beware of lendings with a “snaggy” design and creators about whom there is no information on the Internet. You should make sure that the project has a Whitepaper. If there is no such document, it means that the team has not thought about the concept for business and aims to profit from gullible investors.

An important benchmark is the accounts of the startup and developers in social networks

. If the blog in Medium was created a couple of days ago, Twitter has only 2-3 posts, and Telegram chat has a hundred people, it is better to avoid such a project.

Possible risks

Participating in airdrops of crypto, there is practically nothing to fear. The main risk is the loss of time. In addition, it is necessary to try not to fall into the trap of intruders.

Fraudsters under the pretext of distributing tokens can try to seize confidential information.

In the best case it will be the name and email address, and in the worst case – a trusting user can steal access to the wallet and misappropriate cryptocurrency assets. If the project is good, and the distribution is honest, the participant will not be asked for any personal data, and there is nothing to fear.

Advantages and disadvantages

To earn money on cryptocurrencies, users are not required to have any knowledge and skills. It is enough to spend a little time to perform tasks in social networks, for which you can get new coins on the account. Some distributions bring participants hundreds and even thousands of dollars. Among the disadvantages can be noted the existence of a huge number of scammers who will try to seize personal data and steal money. It happens that new projects do not collect the right amount of funds during the ICO, the product remains unrealized. This means that time will be wasted and the promised tokens will be worthless.

Frequently Asked Questions:

🚹 Who can participate in airdrop giveaways?

They are available to everyone. There are legal restrictions for certain states, otherwise there are no rules or bans.

❗ How many airdrops can I participate in at the same time?

It depends only on the user’s desire. If you have time, you can participate in an infinite number of giveaways.

👛 What wallets are needed for airdrop?

It is recommended to open accounts on resources that support storage of coins and tokens of Ethereum, Binance Chain, Polkadot, Solana and other blockchains.

😱 What to do if the developers did not send tokens after airdrop?

Write to the project’s telegram chat and find out why the coins have not been received.

❔ Where, besides centralized exchanges, can I sell tokens?

It is better to go to DEX-platforms, for example, Uniswap, 1inch Exchange, Sushiswap and others.

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Author: Saifedean Ammous, expert in cryptocurrency economics.

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