How to Earn Free Crypto with Airdrops

It doesn’t take much reading on here to learn the many ways to make money with cryptocurrencies. One of the least known ways among newbies is through airdrops. Why? Well airdrops can sometimes be a worthless. However, when they hit, they can hit big. Uniswap is now one of the most valuable coins in decentralized finance ranked at 17th in marketcap, though it was initially distributed into accounts for free. And that is the best point about airdrops. They are free, requiring no upfront investment. Keep reading to learn more about this genuine way to earn some extra dough.

What are Airdrops?

An airdrop, within the crypto industry, is a marketing strategy that involves sending their crypto coins for free to wallet addresses in order to promote awareness of their brand. Often these small amounts of the new cryptocurrency are sent to the online wallets built on common blockchains like Ethereum. In this case, free tokens are given to coin holders in proportion to the number of Ethereum tokens they own in their wallet.

In some cases, these airdrops are given in return for a small service, such as retweeting a tweet or creating a blog post to promote the company issuing the airdrop. Other times, it’s not even about marketing. Sometimes the purpose was to simply increase the value of its token.