Airdrop is free crypto giving to members or their community, usually done by ICO developers, to introduce to the public that a new coin/token has been released, as well as a promotional event to attract investors.
The airdrop is only a form of promotion, so the free rewards that are given are also small, so members need time to collect the number of coins/tokens. After members complete small tasks such as retweeting a tweet on Twitter or on other social media, the airdrop will be sent to their wallet. Often developers also provide staking offers with tempting rewards, so many members will buy crypto to increase the rewards from staking crypto.
Even though ICO developers provide airdrops. they have nothing to lose because they will get greater benefits, there are at least 4 reasons why crypto startups give airdrops:
1. Build Awareness
For ICO developers, sharing free crypto or airdrop is the easiest way to raise awareness, it will also increase the popularity of the coin/token released.
2. Giving Interest
Interest is often shared among users who are loyal to their project, especially those users who have kept crypto in their wallets for a certain period of time will be given interest as a return on staking.
3. Decentralize Crypto Distribution
Before the presale, big investors often buy crypto in large quantities, so that the existence of the coin/token will be centralized, therefore an airdrop is needed to expand the spread of crypto.
4. Attracting Investors
Promotion using airdrops does not require large costs, airdrops can roar throughout the internet so that they will trigger investor interest and prices will rise.
The airdrop is only a form of promotion, so the free rewards that are given are also small, so members need time to collect the number of coins/tokens. After members complete small tasks such as retweeting a tweet on Twitter or on other social media, the airdrop will be sent to their wallet. Often developers also provide staking offers with tempting rewards, so many members will buy crypto to increase the rewards from staking crypto.
Even though ICO developers provide airdrops. they have nothing to lose because they will get greater benefits, there are at least 4 reasons why crypto startups give airdrops:
1. Build Awareness
For ICO developers, sharing free crypto or airdrop is the easiest way to raise awareness, it will also increase the popularity of the coin/token released.
2. Giving Interest
Interest is often shared among users who are loyal to their project, especially those users who have kept crypto in their wallets for a certain period of time will be given interest as a return on staking.
3. Decentralize Crypto Distribution
Before the presale, big investors often buy crypto in large quantities, so that the existence of the coin/token will be centralized, therefore an airdrop is needed to expand the spread of crypto.
4. Attracting Investors
Promotion using airdrops does not require large costs, airdrops can roar throughout the internet so that they will trigger investor interest and prices will rise.
