How to get tokens for free

Get tokens for free

It is possible to start earning from cryptocurrency without investment. Many people do not know that everyone has a chance to get tokens for free. This way to become the owner of coins is in demand among beginners. Users can get additional income with minimal risks.

The distribution of assets is often associated with the marketing goal of the project. For example, on the eve of the ICO, developers give coins to those who managed to register before the start. You can find giveaways on Twitter or Telegram.

How to get free tokens

There are not so many ways to get free coins:

  • Participate in Airdrop.
  • Perform simple tasks on the faucet.
  • Choose a Bounty program.
  • Play Bitcoin apps.
  • Take surveys.

Get information about the giveaway on social media. The audience is concentrated on Twitter, Telegram and the BitcoinTalk forum. However, there is another way to find out about the giveaway – ask the developer. Projects like Ask me anything (AMA) allow you to ask the creators questions live. Often companies hold polls with a grand prize of free tokens. Winners are chosen based on the most interesting questions.

Users need to realize that it is not possible to significantly increase assets in this way. Development companies rarely share with the audience coins of value above 30 dollars, and cranes and give pennies. The received assets can bring income if the project passes ICO and enters the open market for trading. Then the quotes will grow, and the trader will be able to exchange them for fiat money at a higher price.

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Airdrop and Bounty

You can become the owner of new digital assets by distributing tokens for free for registration or performing simple actions on the developers’ website. This method is called Airdrop in English. This is part of a marketing campaign to attract as many new customers as possible and generate interest in the cryptosphere. In return, the project rewards the community and gives coins to participants. However, they have no value at the time of distribution.

The participant of the campaign is required to make minimal efforts. For example, you need to register on the site and confirm your e-mail address. Usually it takes no more than a minute.

Airdrops come in 2 types:

  • Automatic. This is the distribution of coins generated after a hardfork. Users need to have a cryptocurrency wallet that supports the digital currency standard. Accrual occurs automatically.
  • Incentive. Rewarding community members for completing tasks as part of the marketing campaign.

Airdrop – a way to get passive income from a coin with growth potential. The probability that in the future the asset will be undervalued or will disappear from the market always remains. Often the bonus distribution system is not perfect: users do not get the coins they are entitled to.

How to get tokens for free
An example of airdrop conditions on the developer’s website

The program under the English name Bounty rewards the community for completing difficult tasks. Participation in Bounty requires more involvement than in airdrop. The goal of the campaign is to increase the reputation of the project. Developers reward traders for:

  • Registration on the site. You need to fill out a short form and confirm your e-mail address.
  • Activity in social networks. Reposts, comments and joining project groups.
  • Attracting clients. When registering on the site, a referral link is assigned, which you need to share with other people. When activating an account through an invitation, bonuses are accrued.
  • Promotion of the project. Users are encouraged for writing articles, publishing reviews and other content. Especially valuable are traders with their own websites or channels.
  • Developer support. A user who provided professional assistance can be rewarded. For example, he translated project materials into another language, developed a new plugin or solved a technical problem. Such incentives are rare, but they are awarded a significant number of coins.

Any user can participate in programs and receive free tokens.

Sometimes developers require that the participant has a certain asset in his cryptocurrency wallet account.

AdvantagesDisadvantages
Requires the performance of elementary actionsTime between promotion and price increase
No restrictions for participantsRisk that the project will not meet expectations and will not bring profit
Tangible profits can be made

NFT

Non-replaceable tokens digitize unique data: art objects, patents, real estate, computer game objects. The purpose of distributing free NFTs is to attract a new audience to the project. You can get a unique unit in 3 ways:

  • Participate in a drawing. It is necessary to comply with the conditions of the contest and specify the number of the cryptocurrency wallet. Often users are tasked with reposting records or subscribing to the public.
  • Purchase for points. The Coingecko platform accrues users with bonuses that can be spent on the purchase of a unique unit. Points are available after registration on the site. If you log into your account daily, the bonuses increase.
  • Develop your own NFT. There are marketplaces that support the creation of unique units. Anyone can develop an NFT. To do this, you need to follow the instructions on the service.

NFT technology is developing and gaining popularity. It is possible to get earnings on the sale of digital assets. However, there are users who collect property rights and unique units.

Cranes

Get some coins for free can be on special sites. On these services, collecting a lot of coins will not work. Cryptocurrencies are given out for registering on the site and performing simple actions. Examples of tasks on bitcoin cranes:

  • Clicking on a banner.
  • Enter captcha.
  • Watch commercials.
  • Click on links.
  • Connect to cloud mining (a service for joint mining of cryptocurrency).

Accruals are credited to the internal account of the service. The bonus comes for a certain time period.

Remuneration must be transferred to a cryptocurrency wallet. Cranes have a negative feature of suddenly closing. In addition, there are fraudulent projects. On them, the client, having fulfilled the conditions, does not receive an award.

In 2021, you can earncoins on these services:

  • GetFree Bitcoin.
  • Boxbit.
  • MoonBitcoin.
  • BitTube.
  • Bitcoinsfor.
  • BTCclicks.
How to get tokens for free
Ways to get accounting units

Despite the regularity of payouts, it is impossible to collect a lot of coins on the faucet. Participation in the distribution quickly bores users with monotony and single-tasking.

Create your own

Develop a token – an achievable task for any user, even the most distant from programming. On the technical side, the process is simplified by the presence of special utilities. The difficulty lies in giving value to the new asset and developing the community. There is a high risk that the digital currency will not be popular among traders.

A step-by-step instruction will help to understand the stages of developing a virtual asset.

Selling the obtained tokens

The extracted accounting units can be withdrawn to a cryptocurrency wallet or exchanged on a trading exchange.

When airdrop or bounty is timed to the ICO, you will have to wait for the moment when the project is released to the open market. Withdrawal from the faucet may be limited to a minimum amount. Users should always be prepared for commissions.

Choose a service for the sale and exchange of coins should take into account these criteria:

  • Reliability of the platform. Long work in the market, licenses and the absence of cases of hacking indicate the stability of the service.
  • The capabilities of the platform. The presence of additional options.
  • Reviews. Comments from other users will allow you to better analyze the service.
  • Interface and applications. Additional features of the platform simplify trading.
  • Commissions and limits. The size of transaction fees is an important parameter when choosing a service.

Summary

Cryptocurrencies provide many opportunities to earn money even without investment. Getting tokens for free is a good chance for beginners who are afraid of risks.

Any user can take part in the giveaway. Extract profits from airdrops and bounty programs really have a chance. However, not every project will “shoot” and bring significant income. In addition, there are fraudulent advertising campaigns. Their participants subscribe to publishers, repost records, but do not receive an award for this.

Frequently Asked Questions

😟 What to do if the distribution asset is not supported by the cryptocurrency wallet?

You should start an additional vault. Airdrop organizers can provide their own wallets.

🚫 What to do if the faucet site is no longer available?

Most likely, it has been removed. Coins not withdrawn from the account are lost forever.

📚 Do I need special knowledge to develop NFT?

No. You can create your token without programming experience using utilities (free apps).

😵 Why are there so many banners on the faucet site?

Resources exist at the expense of advertising.

🤔 Why do developers need airdrops and bounties?

The programs form part of a marketing campaign, the task of which is to attract new customers.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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