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Get to know Crypto Airdrop and its Types

Liputan6.com, Jakarta A crypto airdrop is a marketing strategy from a crypto project team in the form of distributing crypto assets for free to its users. This strategy is intended to increase activity on the platform.

Launching Investopedia, Wednesday (24/5/2023), a crypto airdrop is a promotional activity that is usually carried out by blockchain-based startups to help bootstrap virtual currency projects.

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The goal is to spread awareness about the cryptocurrency project and to get more people to trade it when it is listed on an exchange as an initial coin offering (ICO).

To be eligible for free rewards, potential recipients may need to hold a certain amount of crypto coins in their wallet.

In addition, potential recipients may need to perform certain tasks, such as posting reviews about the currency, coin or token being promoted on social media forums.

Types of crypto airdrops:

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– Standard Airdrop

In a standard crypto airdrop, participants interested in receiving the airdrop simply express their interest in receiving the airdrop.

The individual must provide a valid wallet address, and some airdrops require no additional information beyond this.

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Standard airdrops usually have a limit on how many tokens each individual can receive. Therefore, some standard airdrops are closely related to grace periods.

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Although this type of airdrop is popular due to its simple process, there is no limit for one user to create multiple wallets to get rewarded quickly. So the competition to get free assets is also tight, aka first come first serve.

– Bounty Airdrops

This type of airdrop occurs when a user performs certain tasks. These tasks can be interpreted as promotions that aim to increase public awareness or awareness of the presence of a new project.

Promotion is usually done through uploading on social media and marking the company or project in the upload, or simply retweeting the latest tweet about the project. Promotion can also be done by inviting new individuals to join the company’s platform or communication channel.

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In return, users will receive points according to how much the airdrop bounty they have won. Generally, there is a point limit that must be met to get an airdrop.

Get to know Crypto Airdrop and its Types

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