From Bitcoin to altcoins, the number of digital currencies continues to rise. The role airdrops have played in growing cryptocurrency adoption can seldom be overemphasized.
Crypto airdrops have offered many people, especially newbies and those with little cash, the opportunity to have a share in the cryptocurrency largesse. But what exactly are cryptocurrency airdrops?
What Is a Cryptocurrency Airdrop?
We have a complete guide on airdrops and how they work. If you’re yet to read it, here’s a general overview of airdrops and how they work.
An airdrop is a marketing strategy often employed by cryptocurrency founders where free tokens or coins are sent to user wallet addresses—usually after performing some tasks.
These tasks may involve joining a Telegram group, following certain Twitter accounts, retweeting their tweets, filling in a form, or registering on the crypto project’s website. The airdrop campaign often rewards participants with extra free coins when they refer others.
At other times, receiving airdrops of a digital asset may not require any tasks other than simply holding a certain different token—a subtype of airdrops referred to as “holder’s airdrop.”
Primarily, the purpose of any airdrop campaign is to create awareness and promote a new cryptocurrency. These freely distributed coins increase the followers, user base, and the number of holders of the coin.
Participating in airdrop campaigns can be potentially lucrative. Several airdrop participants have reaped benefits from it, including the opportunity to buy these tokens at a much cheaper rate during the presale.
Want in on some of these “free” tokens? You’re in the right place. Read on to find out the best sites where you can find legit airdrops, and take your share of the cryptocurrency cake.
4 Best Sites to Look Out for Cryptocurrency Airdrops
Here’s a list of the four best sites to look out for legit cryptocurrency airdrops.
CoinMarketCap, a price-tracking website for digital assets, tops the list for obvious reasons. Founded in 2013 by Brandon Chez, CoinMarketCap has quickly risen to become one of the most trusted sources for crypto enthusiasts, media, and institutions for price analysis, validating crypto projects, and comparing digital assets.
Due to its level of trust, CoinMarketCap has been cited by many major media outlets, including Bloomberg and CNBC.
CoinMarketCap’s mission is to “make crypto discoverable and efficient globally by empowering retail users with unbiased, high-quality and accurate information for drawing their own informed conclusions.”
For every coin or token listed on the website, it shows users everything they need to know. This includes the tokens’ contract addresses, website, and other contacts, blockchain, real-time price, and also tells whether the token is being tracked or not.
On CoinMarketCap’s lists of airdrop campaigns, you’ll find three categories: ended airdrops, ongoing airdrops, and future airdrops. While users can participate in “ongoing airdrops,” the airdrops in the “future” category let users have the chance to be in the know when the airdrop goes live. You can simply whitelist the airdrop, and you’ll get notified hours before it goes live.
So, when you are thinking of finding a credible crypto airdrop, check CoinMarketCap.
Airdrops is a free repository of airdrops. As stated on the website, airdrops.io is “a free aggregator for crypto airdrops” and has no involvement whatsoever in the airdrops published on the website. Whereas they make efforts to publish legit airdrops, you are advised to do your own research before investing in a token presale offer and make no mistake of sharing your private info.
Airdrops.io has six categories of airdrops: Latest, Hottest, Holder, Potential, Retroactive DeFi Airdrops, and Non-Fungible Token (NFT) airdrops. The website has a huge volume of airdrops on its page. To maximize the website and guard against fraud, check with CoinMarketCap when in doubt.
To keep abreast of the latest or upcoming airdrops, you can subscribe to their newsletter, and receive airdrop notifications in your emails.
Airdrop Alert is a free resource, helping people locate legit airdrops and giveaways in the world of cryptocurrency. Founded in 2017 as the first platform for crypto airdrops, Morten Christensen (the founder) wanted to help new crypto enthusiasts avoid scam airdrops and giveaways. Airdrop alert carries out diligent research before publishing any airdrop on the site.
However, it’s a common practice among crypto enthusiasts to always do your own research (DYOR) before committing to any airdrop campaign. Airdrop Alert shares similar features with both CoinMarketCap and Airdrops.io. It has a rich list of airdrop campaigns categorized into DeFi Airdrops, NFT Airdrops, New Airdrops, Featured Airdrops, Exclusive Airdrops, and Upcoming Airdrops. Like CoinMarketCap, the website also lists past airdrops.
Aside from crypto airdrops, Airdrop Alert helps crypto newbies learn everything necessary through the many resources on their blog. Want to receive airdrop news in your email? You can subscribe to their newsletter.
Airdrop King provides well-researched and detailed cryptocurrency airdrops for crypto enthusiasts, helping them make money with minimal effort. Unlike the other three, Airdrop King goes the extra mile to rate each option and provides enough information to help you get the best out of any airdrop.