Airdrops are a great marketing tactic used by various cryptocurrency projects to increase liquidity and adoption, as well as drive Google traffic. Some projects drop tokens into your accounts without being prompted, while others, arguably more legit ones, require you to register on a specific website and maybe go through a KYC procedure as well.
A notable example is the Ontology airdrop which occurred earlier this year and happened for everyone who subscribed to their newsletter in time. All subscribers got 1000 tokens plus 10% of their NEO amount in ONT dropped into their addresses, and at a current price of almost $8, down from an all-time high of $10.50, a lot of people got $8,000-$10,000+ for no more than a newsletter signup.
Let’s take a quick look at five airdrop projects you can sign up for today which may or may not be the next Ontology in your portfolio!
Profede is a tool for independent professionals looking for freelance or permanent work which lets both businesses and individuals cut down on fees by paying intermediaries less (hiring referral fees can climb to many thousands of dollars) and individuals more.
You can read about the project on their website, or sign up for their airdrop via this link.
A project touching on my area of expertise, OPU is a project aiming to tokenize skincare management. While many medical ICO projects exist, this one is specific in that it aims to make blockchain-based sharing of skin condition issues a possibility, allowing for machine learning on a wider variety of samples for automated detection, targeting for advertisement and clinical trials, and most of all, user control over their own data. Instead of relying on one platform to keep it safe, users can sell their skin data for OPU tokens.
You can sign up for their airdrop at this link.
Etherc.io is a new decentralized exchange on the Ethereum blockchain which aims to put control fully into the hands of users with gas-free trading.
Many will remember the Binance coin when it first came out – it was in the sub-dollar price, whereas now it’s not uncommon to see it above $10. Exchange coins are popular because they offer a good hedging mechanism in times of volatility, and because they’re highly liquid.
You can sign up for the airdrop at this link.
The ARAW token is a “Decentralized Payment for E-Commerce Ecosystem”. It’s mission is to enable users to send and receive crypto payments easily, including microtransactions, contactless payments in stores through their own cards, end-to-end solutions for end users and merchants, and a whole ecosystem surrounding the need for a business to start accepting payments in whatever currency they choose. The token will be an in-between medium of exchange from currency to currency, fostering liquidity.
You can read more on their website or sign up for the airdrop at this link.
Aitheon aims to bridge the robot-human gap by providing a dynamic marketplace of skilled robot operators and AI trainers and robotic workers. Think of it as a community-powered robot-training-ground where people help companies operate and train their robots, and those workers are paid with Aitheon tokens.
You can read about other utilities of this token over on their website, but in the meantime, go ahead and sign up for the airdrop on this link – it’ll require passing a KYC process, but that also gives the project much more legitimacy.
Frequently Asked Questions (FAQs) about Token Airdrops
What Are Token Airdrops and How Do They Work?
Token airdrops are a method used by cryptocurrency projects to distribute tokens to the wallets of some users free of charge. Airdrops are usually carried out by blockchain-based startups to bootstrap their cryptocurrency projects. The process involves sending tokens to the wallet addresses of users who have a certain amount of a specific coin, like Bitcoin or Ethereum, in their wallets.
How Can I Claim Token Airdrops?
To claim token airdrops, you first need to have a wallet that supports the tokens being airdropped. You may also need to sign up for the airdrop and complete certain tasks like joining a Telegram group, following the project on Twitter, or sharing posts on social media. Once you’ve completed these tasks, the tokens will be sent to your wallet.
Are Token Airdrops Safe?
While many token airdrops are legitimate, there are also scams out there. It’s important to do your own research and ensure that the project is legitimate before participating. Never give out your private keys or send any of your own coins to receive an airdrop.
Why Do Companies Conduct Token Airdrops?
Companies conduct token airdrops for a variety of reasons. Some do it to reward loyal customers, others to attract new users. Airdrops can also be used to generate buzz and publicity for a project, or to distribute tokens to the community in a fair and transparent way.
Can I Sell My Airdropped Tokens?
Yes, you can sell your airdropped tokens. However, the process for doing so can vary depending on the token and the exchange. Some tokens may not be listed on any exchanges, making them difficult to sell. It’s also important to note that the value of airdropped tokens can be highly volatile.
How Can I Find Out About Upcoming Airdrops?
There are several websites and social media groups that track and announce upcoming airdrops. Following these can help you stay up-to-date on new opportunities. However, always do your own research to verify the legitimacy of an airdrop before participating.
Do I Need to Pay Taxes on Airdropped Tokens?
Tax laws vary by country, so it’s important to consult with a tax professional. In some jurisdictions, airdropped tokens may be considered income and subject to tax.
What Are the Risks Associated with Token Airdrops?
While airdrops can be a great way to get free tokens, there are risks involved. These include the potential for scams, the volatility of the token’s value, and potential tax implications.
How Can I Protect Myself from Airdrop Scams?
To protect yourself from airdrop scams, never give out your private keys or send any of your own coins to receive an airdrop. Always do your own research and ensure that the project is legitimate before participating.
What Is the Future of Token Airdrops?
The future of token airdrops is uncertain. While they remain a popular method for distributing tokens and bootstrapping new projects, regulatory scrutiny could impact their prevalence. However, as long as there are new blockchain projects, it’s likely that airdrops will continue in some form.