According to Wikipedia, An airdrop is a distribution of a cryptocurrency token or coin to numerous wallet addresses. This is usually for free, or some non-complex task is given to be completed before receiving the airdrop. Airdrops are primarily implemented as a way of gaining attention and new followers. So, it will be very unlikely for the Cryptocurrency project to put a huge price on their airdrops or give a complex task to claim their airdrop. The propagation of airdrops results in a larger user base and a wider disbursement of coins.
For Example:
A new Cryptocurrency project Crypto X, was launched yesterday and it needs followers and a wide fanbase. So, they decide to launch an airdrop of 5,000 CryptoX Tokens. They decide to create a website explaining the task. The website also has a form on it to be filled after completing the task.
The task includes;
For you to claim this Airdrop Follow Our Twitter Page.
The form requires;
Your Twitter username, which will be used to confirm if you did complete the task by following the Twitter account of Crypto X.
This form request for your Receiving Address to receive the tokens or coins.
After completing this, all you need to do now is wait. Usually they cryptocurrency projects usually tell you when they will distribute the tokens.
Do you want to submit your Project’s Airdrop?
Follow the instructions below.
If you want to submit the Airdrop of your Project on CoinLamb, Please contact us via email at contact@coinlamb.com or on Telegram @coinlamb.
I know what is an Airdrop and I want to claim one or more.
