Have you ever come across the term cryptocurrency airdrop and wondered what it meant? Well, it’s nothing like the image you probably have in your head of an airplane dropping coins from the sky. In times of war, natural disaster, or other forms of crisis where the lives of people have been affected in places that are difficult to access by land, airdrops are carried out to provide essential supplies to people trapped in those zones. In the world of cryptocurrencies, airdrops have a different meaning. The cryptocurrency world has its own unique vocabulary which is expanding as the market evolves over time. In this article, cryptocurrency airdrops will be explained in detail.

DEFINITION

Airdrops can be defined as the process whereby a cryptocurrency enterprise distributes cryptocurrency tokens to the wallets of some users free of charge. Airdrops are usually carried out by blockchain-based startups to bootstrap their cryptocurrency projects. Also, established blockchain-based enterprises like cryptocurrency exchange platforms and wallet services can also carry out airdrops

REASONS FOR CARRYING OUT AIRDROPS

From time to time, blockchain-based services like cryptocurrency exchange and trading platforms, wallet service providers etc. wish to give back to their customers and subscribers. Airdrops can be used as a means of rewarding loyal customers with free cryptocurrency tokens. This serves as an incentive that can assure continued patronage on such platforms. This type of airdrop mirrors the voucher and discount giveaways of non-blockchain companies in the mainstream commercial world.

1. To Generate Lead Database

Marketing is all about leads. Organizations tend to pay a lot of attention to generating appropriate leads that will drive their marketing campaigns and increase patronage. Airdrops can be used by blockchain-based enterprises to generate valuable lead databases for their organizations. In exchange for free cryptocurrency tokens, users will be asked to complete online forms that contain valuable user information which can be used to develop targeted marketing strategies. This application of airdrops to generating lead databases can even be utilized by none-blockchain enterprises.

2. · To Create Awareness About a New Cryptocurrency

With the sheer size of the cryptocurrency market, a new cryptocurrency can go completely unnoticed if it isn’t given the right boost in terms of substantial marketing campaigns. Just like every other aspect of the digital world, hype and buzz play an important role in the cryptocurrency ecosystem. With many cryptocurrency enthusiasts looking for new cryptocurrency options, an airdrop is a great way to get people interested in a cryptocurrency.

The marketing campaigns on social media for an airdrop can lead to increased attention being paid to a new cryptocurrency. Word of mouth advertising and other forms of organic engagements brought about by an impending cryptocurrency airdrop can lead to increased user participation in the cryptocurrency. This can help to bootstrap a new cryptocurrency as seen in the case of Bitcoin Cash. After the Bitcoin fork that led to the creation of the Bitcoin Cash, the developers of Bitcoin Cash carried out an airdrop rewarding all of its users. For every bitcoin held by a Bitcoin Cash participant, the developers gave a corresponding amount of Bitcoin Cash. The end result was that in less than one month, Bitcoin Cash was among one of the top 10 cryptocurrencies in the market.

1. If you still need help on how to participate, check my signature for link to a telegram channel....

2. if you are already on board and you wish to receive updates on the latest and qualty airdrops...check my signature and join the telegram channel through the link

3. For those that are not on telegram, you just have to download the app from playstore and sign up....you can drop your whatapp number, will add you a a group on whatsapp pending the time you ll have telegram running on your device.

�CRYPTOV8 Airdrop ($7 + ref) �

� Require : Twitter, Ethereum wallet, Email, Telegram
⏱ Time : 3min

Info :

- Cryptov8 will be a UK domiciled and authorised bank using blockchain technology to bridge the gap between cryptobanking and traditional banking products and services. Our technology platforms and digital assets will improve adoption and usage of cryptocurrencies globally. The Cryptov8 project extends far beyond any existing ‘CryptoBanking’ services that exist today. Not only will we have a universal account and wallet, our project aims to streamline challenges that customers often face, which will ultimately create the best possible route for adoption of cryptocurrencies. We intend to bridge these currently disparate worlds to provide our customers with the widest options and first class customer service.

� Name : CRYPTOV8
� Symbol : CRV8
� Supply : 1000000000 CRV8
� Type : ECR20
� Ico Price Token ETH : 0.000266715 ETH
� Ico Price Token USD : $0.127273
� Token Reward : 55 CRV8
� Total reward in USD : $7
� Total reward in ETH : 0.0146693 ETH
� Country : UK
� Rate : 6.6/10 on IcoMarks
� Rate : 3.9/5 on IcoBench

How to get my tokens ? Easy !

�Follow the instructions here : https:///Cryptov8AirdropBot?start=5936442198

You are now eligible to claim your free tokens

� ABELE GROUP AIRDROP �

� Decentralised Finance and Technology Platform
� 7 ABELE for completing social tasks
� Earn more by inviting friends

Claim your airdrop: http:///Abelegroup_Airdropbot/?start=martoluene

� Estimated Value: ~$5.25 + ref

Many thanks. I've done the needful and have been given free crv8. I have shared my link and updated my details. What next brother?

Hi, take a look at this airdrop /bounty. Solid project partnering with Nexty, you don't wanna miss this. Thank me later

https://bounty.dateat.io/signup/malixshaka

- Follow these simple tasks and earn up to 25 ESTATE (~5$ )
- Submit your application

Please read the rules before starting!

Your submission can be edited up until 05/08/2018!



� https:///AgentMileAirdropBot?start=615412732

� NAU AIRDROP �

� Decentralised Consumer and Retailer Platform
� 50 eNAU for joining Telegram
� Earn more by inviting friends

Claim your airdrop: https:///AirdropNAUbot?start=615412732

� Estimated Value: ~$2 + ref

Hey guys dont miss out on this quality airdrop>>>> https://beta.review.network/preregister?rf=FIUVLHBGTOXPBDIX

Task.
1. Sign up and verify your email
2. Join their telegram channel

You'll get 300 tokens of R-Network after completing the tasks

NB: that airdrop is 98% real ( it was gotten from a trusted online survey site)

DeaStream is a financial ecosystem, an add-on service to streaming sites, which will simplify the lives of streamers, will keep commissions low and will provide a convenient means of financial transactions and interactive exchange with viewers on already existing platforms.

DeStream is airdropping 1000 DST tokens to their community members. Chat with their Telegram bot, join their Telegram group and submit your details to the bot to receive 1000 DST tokens. Also earn 50 DST tokens for each referral.

Step-by-Step Guide:Chat with this bot http:///DeStream_bounty_bot?start=rel_FQ4D4Q .Join their Telegram group and post a message per day for 5 days.Submit your details to the bot.You will receive 1000 DST tokens.Also earn 50 DST tokens for each referral.

Hey guys dont miss out on this potential project

Coinbates crypto cashback model will expand participation in encrypted communications. When a shopper completes an order on a merchant's website via the Coinbates Merchant Catalog using a regular credit or debit card, it receives a portion of the merchant-paid referral fee in the form of designated cryptographic infringement.


For the Airdrop register an account on https://www.coinbateslaunch.com/r?id=L6prFpYhE6 and confirm your mail to receive 250 BATES = 14 usd

*You have just limited time to claim the last round of this great project with good potentials*

�Petcoin Round2
��From Japan��
⌛️Rate:����

Petcoin second airdrop has commenced if you missed the first,you gat another chance

Register with your email and wallet ( *use a different wallet if you did Airdrop one*)

Registration link: �

https://project.petcoin.jp/signup?referral=Kayomide
Note � �
�Enter ETH address
�Enter email>verify
�Log in
�click menu "Airdrop"