Airdrop coins, sometimes referred to as free coins or tokens, are digital assets that can be obtained for free from certain blockchain projects. These airdrops are typically distributed in exchange for completing various tasks such as subscribing to newsletters and social media pages, referring friends to the project, or downloading mobile apps related to the project.
The main goal of a cryptocurrency airdrop is usually twofold: To create awareness about their coin/project and also reward users with free digital assets. By distributing these tokens freely among crypto enthusiasts all over the world they hope that holders will use them on their platform once it launches either by trading them on an exchange or simply holding them in anticipation of future growth.
In order to qualify for an Airdrop you will normally need access to some form of wallet where you can store your newly acquired asset(s). Depending on how long ago this particular coin was issued there may now be many exchanges offering markets where you can buy & sell these new coins but at present most Airdrops require ERC-20 compatible wallets (i.e MetaMask) since those networks conform closely with Ethereum’s standards which makes it easy for developers when creating Smart Contracts etc… Also note that if you hold other cryptocurrencies like Bitcoin then depending upon the type of currency being given away through an Airdrop event;certain platforms may offer conversion services so look out for opportunities like this!
Finally it’s worth mentioning here too – do remember always check any website claiming its giving away ‘free’ money thoroughly before revealing any personal information and never input your private key anywhere online – just stay safe!
