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Are Airdrops Useless? - Investment Ads - Nairaland

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Are Airdrops Useless? by AzuaRachel(f): 10:50am On Oct 18, 2021
According to a recent article by investopedia, airdrops are marketing stunts that involves sending coins or tokens to wallet addresses in order to promote awareness of a new virtual currency. A limited amount of currency is sent to participants wallet in return for pushing awareness on telegram or other social media platforms. With time these projects go on to increase in value over time depending on their applications in the cryptocurrency world. For example if you got airdrops of 100 CoCo coins and when listed on different exchanges worths 2$, that means you would have 200$ worth of CoCo coins that could be swapped for dollars or staked for more profit. Although some might take months or years to increase in value you wouldn't want to bit your fingers when CoCo coins worth so much just like Bitcoin is today. (Lol there are no Coco coins, I used my friends nickname)
These days not only are airdrops free token but an opportunity to be an early investor in many cryptocurrency projects. For example pre sale and pubic sale which allows people to buy tokens or coins at very low prices before they are listed but under certain conditions like lock periods and monthly withdrawal. Using CoCo coins as an example, if they go for 0.5$ at presale that means after listing you would be making 1.5$ off every coin you buy according to the projects conditions. Not many people know how to trade but by taking advantage of airdrops and early investments you can become financially independent just like other cryptocurrency traders, you just need to find the right project and key into it.

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