If you’ve spent enough time in the blockchain community, you’ve undoubtedly heard the phrase “airdrop,” which is typically followed by a few exclamation points and dollar signs. However, what does that actually mean and where can you find them?
A quick look for the best airdrop sites in 2023:
- AirDropAlert
- Airdrops.io
- AirdropsMob
- AirdropKing.io
- AirDropBob
The best airdrops, some of the best ones and how much money people made from them, as well as airdrop hunting tactics you can use right away, will all be covered in this guide.
What is a Cryptocurrency Airdrop?
An airdrop is a procedure where a cryptocurrency company gives away some of its tokens to users in an effort to increase awareness as part of a more thorough marketing plan.
Airdrops – or “air drops” as referred to by some people – are always free and require no prior deposits. As part of the free crypto giveaways, users who are eligible to receive airdrop tokens may receive fungible or non-fungible tokens (NFTs), depending on the cryptocurrency project that is sponsoring a specific airdrop.
Midway through 2020, the top decentralized cryptocurrency exchange (DEX), Unsiwap, gave 15% of the UNI token supply to users who had previously interacted with the platform, making it the largest crypto airdrop to date. 400 UNI utility and governance tokens were made available to Uniswap users at the time as part of the free cryptocurrency airdrop, which has since turned out to be an incredibly profitable cryptocurrency giveaway.
The Best Airdrop Websites – How to Get Free Crypto Airdrops?
Given that they are a form of marketing that enables users to obtain virtual currency and tokens for free, airdrops can be a useful way to acquire tokens. We’ve compiled a list of the top 5 websites that list upcoming cryptocurrency airdrops and can guide you through the clutter to find the best airdrops.
AirDropAlert
When it comes to airdrops and bounties in the blockchain industry, many people look to AirDropAlert as the authority. A lack of trustworthy information about how to receive free crypto airdrops at the time led to the site’s launch in 2017.
With an intuitive layout and helpful filter options, AirDropAlert offers a sizable database of active and expired airdrops. In addition, users of AirDropAlert have access to a sizable knowledge base and a useful blog section. When a user registers with AirDropAlert, they can follow intriguing airdrops and get notifications for any new listings.
In addition, AirDropAlert provides hosting, promotion, and marketing assistance as part of a full-service package for any business wishing to conduct an airdrop.
Airdrops.io
The cryptocurrency airdrop aggregator Airdrops.io offers a current list of the most recent airdrop campaigns and is free to use.
The Airdrops.io platform even offers instructions on how to claim the airdrops listed there as well as information on the prerequisites needed to do so (for instance, some airdrops are only available to holders of particular tokens).
Airdrops.io occasionally oversees exclusive airdrops that are only open to users of its social media channels. One of the more complete airdrop aggregators is Airdrops.io, which is unquestionably worth checking out for airdrop seekers.
AirdropsMob
One of the first crypto airdrop websites, AirdropsMob offers a large selection of manually curated and daily updated airdrops. Filtering for projects is possible based on a number of factors, including name, value, rating, and similar ones. Additionally, platform and requirements can be used to sort airdrops.
Additionally, airdrops have a tag that indicates whether the project has been examined by the ICO rating platform, which can be very helpful. The platform also allows users to sort ongoing and upcoming airdrops by the difficulty of participation.
AirdropKing.io
A website called AirdropKing.io is dedicated to compiling a list of all active airdrops. The available crypto giveaways can be sorted based on a number of factors, such as community rating, potential value, and the social media accounts necessary to participate.
The website’s step-by-step instructions on how to take part in each airdrop and maximize your output, as well as additional details on the project, are fantastic features. With over 100,000 members in its Telegram group and over 50,000 followers on Twitter, the company has established a strong social media presence as a result of its full suite of features.
AirDropBob
The well-designed platform AirDropBob allows you to stay up to date on cryptocurrency airdrops and even conduct advanced airdrop searches. You could, for instance, limit your search to airdrops that are still active on the Ethereum blockchain.
Since its debut in 2018, the AirDropBob platform has listed hundreds of airdrops. For an added layer of security, the AirDropBob team verifies a large chunk of airdrops listed on the site – you can find these kinds of projects by searching for the “Verified” tag. The platform also provides a helpful calendar feature that enables users to quickly set up personal airdrop alerts.
Why Do Projects Decide to Airdrop Their Tokens?
- Easy to get the token into market circulation
The team has to take into account a number of different challenges that come with launching a token, and it could easily be a double-edged sword that makes or breaks the entire project.
These would depend on the function and characteristics of the token, but one of the main concerns is whether or not people would invest in it and/or trade it. The best protocol in the world won’t matter if the token is constantly falling and stagnant because that will likely put off potential users.
On the other hand, feeding the coins directly to the target users is what the team means when it airdrops tokens to active users. Even though many of them will toss them out right away, some will undoubtedly keep them and use the product. A customer base is established in this manner.
- Effective marketing
Few things in the cryptocurrency world have the power to generate as much hype as a good airdrop. Numerous instances can be found. Consider the case of Arbitrum. From the moment the network went live, the airdrop was a hot topic among cryptocurrency enthusiasts. As a result, many users began interacting with the Arbitrum dApp and completing various tasks with the sole intention of being eligible for an undetermined future airdrop.
- Cultivates strong communities
The aforementioned also tends to forge solid communities. Spending more time on the protocol, interacting with other users, and even contributing to project-related grants are signs that someone thinks an airdrop is imminent.
Can You Make Money from Crypto Airdrops?
Many users are investing time in various tasks on protocols that haven’t yet released their tokens because airdrop hunting has grown to be a very lucrative activity. However, doing it successfully and earning a sizable amount from it is not that simple and necessitates both time and proficiency with various DeFi protocols.
It’s also important to keep in mind that many of the platforms you’ll be using might end up not even issuing a token. This implies that paying fees could result in you losing time and money with no reward.
Making costly errors is a possibility when airdrop hunting, especially if you’re dealing with larger sums. You likely won’t need a lot of money to be eligible for a significant number of tokens, though, based on the majority of major platform airdrops to date.
How to Find the Best Crypto Airdrops?
It might be time to learn how to find the next Arbitrum now that you are aware of the average amount of money that legitimate and substantial airdrops ship.
Numerous websites offer compiled data on various protocols, and many of them are completely free. Excellent places to start are DappRadar, DeFi Llama, and similar tools.
From there, simply use the network to filter the lists and try to focus on projects with a lot of value already built in. This typically indicates that a large number of people trust the protocol, which lowers the likelihood that it is a ruse. Simply locate protocols that have not yet released tokens and begin using them once you have that narrowed down.
The truth is that there isn’t a precise way to do it aside from engaging in various activities on protocols that haven’t yet made a token available.
Fortunately, based on past airdrops, we have a pretty good idea of how these activities might appear. These could include, but are not limited to:
- Transactions should be made gradually, i.e. on different months
- Perform more transactions than a predetermined minimum.
- Talk to more people than one, two, three, etc.) smart contracts using the platform
- Conduct transactions with an aggregate value of more than $1,000 (and $2,000, $10,000, etc)
- Deposit funds to the protocol
- Provide liquidity
- Swap tokens
- Buy and sell NFTs
- Bridge funds into the protocol
The list could go on forever. The best course of action is to simply identify a protocol and try to follow it as much as you would if you weren’t looking for airdrops. Join the project’s community as well. You will undoubtedly discover the most effective ways to use the protocol there. Imagine that the project wants to reward its most active users with an airdrop of its native token when the time comes.
Are Crypto Airdrops Safe?
It’s crucial to keep this in mind. Not every airdrop is secure. Just like with everything cryptocurrency-related, there are lots of profitable airdrops but also lots of scams. You need to exercise special caution.
Many con artists will attempt to use the excitement that airdrops generate to trick people into connecting their wallets to harmful dapps, steal their money, and more.
You should exercise the same caution when looking for airdrops as you would with anything else.
Conclusion
It’s not necessary to make a sizable initial investment to start looking for airdrops, which makes it a very lucrative endeavor.
You can also benefit from following well-known figures in the cryptocurrency world. For instance, the airdrops for Optimism and Arbitrum were both eagerly anticipated and the entire community was making predictions about them months before the dates of their respective snapshots.
However, it’s also crucial to remember that doing it successfully takes a lot of time, effort, and knowledge and is not a get-rich-quick scheme.
Frequently Asked Questions About Crypto Airdrops
Questions about cryptocurrency airdrops still unanswered? Check out the top crypto airdrop questions and answers.
What Does Airdrop Mean in Crypto?
When a cryptocurrency company, typically a blockchain startup, engages in an airdrop to entice early adopters, the term “airdrop” is used. This promotes a project and generates interest before a token is listed on an exchange or offered as part of an initial coin offering (ICO).
How Do I Get Free Crypto Airdrop?
Tokens that are typically directly linked to the cryptocurrency that is being airdropped are typically given away by businesses as incentives to users of their services or owners of specific digital assets. A great way to stay current with the newest airdrop campaigns is to follow the airdrop promotions listed on top airdrop websites.
How Do You Claim An Airdrop?
Users must be qualified for the project and have a cryptocurrency wallet, such as MetaMask. Some airdrops are automatically sent to wallets once the requirements are satisfied, while others require user action to claim.
Are Crypto Airdrops Safe?
Beware of random social media accounts that advertise airdrops in exchange for small amounts of cryptocurrency, even though they are safe if done by reputable businesses and people. These accounts typically attempt to impersonate well-known people and organizations. Get your information from trustworthy crypto airdrop tracking websites to avoid potential airdrop scams.