Don’t Miss This Month’s Airdrop
This is equally distributed among all eligible users. To qualify, you need to be at least a Level 2 user.
This is equally distributed among all eligible users. To qualify, you need to be at least a Level 4 user.
This is equally distributed among all eligible users. To qualify, you need to be at least a Level 6 user.
This is equally distributed among all eligible users. To qualify, you need to be at least a Level 8 user. (Max of 5 gems per drop per user)
To be eligible, you must own at least 1 Pyro NFT. This Airdrop is distributed according to the multiplier of your highest rarity Pyro.
This is equally distributed among all eligible users. To qualify, you need to be a hardcore or professional supporter.
This Airdrop is distributed equally among all eligible users. To be eligible, you must be a Professional Supporter.
What Is An Crypto Airdrop
A crypto airdrop refers to the allocation of cryptocurrency tokens or coins to the wallets of certain users within a blockchain-based project. This distribution of crypto tokens is usually free and is aimed to promote awareness of the project and adoption of the project’s native coin. Airdrops incentivize users to become an active member of the project’s community. Additionally, existing crypto projects use airdrops as a way to give users governance rights over their platform. Governance rights enable users to vote on future decisions that impact the direction of the project.
The more a user interacts with a specific project, the more likely they are to receive an airdrop of cryptocurrency from that project. Airdrops are dispersed for a number of different reasons, including performing extremely simple tasks, like signing up for a project’s newsletter. One could also receive an airdrop if they are a holder of other forms of cryptocurrency, or as a reward for being a loyal member of the project’s community. Scroll down to learn more about the different types of crypto airdrops. Essentially, airdrops are a way to obtain cryptocurrency without having to purchase any. With PipeFlare, there are many more ways to earn free cryptocurrency, providing a fun and easy way to join the revolutionary world of crypto.
The Main Airdrop Types
Standard airdrop
A standard airdrop is when cryptocurrency is distributed into the wallets of users in exchange for the user signing up for a platform and providing their wallet address. This is usually employed as a promotional tactic.
Exclusive airdrop
An exclusive airdrop is when cryptocurrency is distributed into the wallets of users as a reward for their loyalty to the project.
Bounty airdrop
A bounty airdrop is when cryptocurrency is distributed into the wallets of users after they perform a simple task, such as engaging in promotional activities like sharing social media posts or signing up for a newsletter.
Holder airdrop
A holder airdrop is when cryptocurrency is distributed into the wallets of users who already hold some other form of cryptocurrency.
Why Crypto Projects Give Coins For Free?
Airdrops are a great marketing tactic for up-and-coming crypto projects. Crypto projects provide users with free cryptocurrency with the goal of increasing project awareness and raising capital. Airdrops incentivize users to adopt the platform and become an active member within the project’s community. Commonly, the more a user engages with the platform, the more likely they are able to be eligible for additional airdrops.
Why They Are Important
Existing crypto projects also utilize airdrops as a way to allow users to gain governance rights over the platform. These governance rights enable users to vote on future decisions that could impact the direction of the project.
How To Get Crypto With Airdrops
1. Find Crypto Airdrop
Crypto airdrops can be found in a variety of different places. Check out blogs, social media accounts and websites for upcoming crypto airdrops. Before enrolling in an airdrop, be on the lookout for any red flags.
2. Follow Airdrop Aggregators
Crypto Airdrop Aggregators are a great way to find out about upcoming drops. Aggregators will also provide their insight on the legitimacy of a drop, but always make sure you are doing your own research.
3. Be An Active User
Oftentimes, the more active you are within a platform, the more airdrops you are eligible for. PipeFlare details the requirements for each airdrop, so you know exactly what you’ll need to be qualified.
4. Get A Crypto Wallet
In order to receive crypto airdrops, you’ll need to create a crypto wallet. Look into the details of each airdrop to make sure your wallet is supported. PipeFlare’s supported wallets are MetaMask, Brave, D’Cent and Trust Wallet.
5. Finding Upcoming Projects
Staying up-to-date with crypto news is the best way to find upcoming projects. New crypto projects use airdrops to distribute free cryptocurrency into the wallets of users to promote awareness of the project.
Are There Any Taxes
To Pay?
Airdrops are taxed differently depending on where you live. In some countries, users are taxed on certain cryptocurrency assets, but in others, receiving cryptocurrency in an airdrop is not viewed as a taxable act.
Before beginning your crypto journey, make sure you do research on whether or not the country you reside in views cryptocurrency as a form of income.
Are Crypto Airdrops
Safe To Use?
Generally, crypto airdrops are safe to use. In some cases, however, receiving crypto airdrops is risky. If you are unsure about whether or not a crypto airdrop is legitimate and safe, be sure to take the time to research the project thoroughly. A good way to fact-check a crypto project is to read through their social media platforms and see what the buzz is around the airdrop (are people talking about it on their social media platforms? Are aggregators questioning the legitimacy of the airdrop?).
Advantages And Disadvantages Of Crypto Airdrops
Advantages
- Receive free crypto without having to make a purchase
- Diversify crypto portfolio
- Be an integral part of a blockchain-based community
Disadvantages
- Airdropped crypto could be worth nothing
- Having to pay taxes on assets received from airdrops
- Privacy concerns and scam risks
- There is no guarantee that you’ll receive the tokens or coins in an airdrop
Conclusion
Crypto airdrops refer to when a blockchain-based project drops cryptocurrency into a users wallet for free. There are many different ways to receive airdrops, such as signing up for a newsletter or holding cryptocurrency. Airdrops are a great way to get free crypto, generate passive income, and be an integral part of the growth of a crypto project. Airdrops are commonly used as a marketing tactic for startup projects to gain awareness and create loyal communities.
Even though airdrops are generally safe, it is important to be aware of any scams– always do your own research. Follow crypto airdrop aggregators and crypto news outlets to learn more about upcoming drops and industry news.
It is also important to remember that, in certain countries, airdrops are viewed as income, and users will be subject to paying taxes on assets received.
Frequently Asked Questions
What Is An Airdrop Crypto?
A crypto airdrop is when a blockchain-based project distributes cryptocurrency into a user’s wallet. This distribution of crypto tokens is usually free and is aimed to promote awareness of the project and adoption of the project’s native coin. Airdrops are a great way to get free crypto, generate passive income, and be an integral part of the growth of a crypto project.
How To Get Crypto Airdrops?
There are many different ways to get crypto airdrops. Some of the most common ways are completing simple tasks, being an active user on the platform and being a current holder of cryptocurrency.
Why Crypto Projects Give Crypto Сoins For Free?
Airdrops are a great marketing tactic for crypto projects. By providing users with free tokens, projects are able to generate mass amounts of awareness.
What Is An Airdrop Scam?
There are various types of airdrop scams, so it is important to always do your own research. Some red flags to look out for include: asking for sensitive information, requesting to download software onto your device, asking you to click suspicious links, and asking for an initial investment.
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