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What is Crypto Airdrop?

Many Blockchain and crypto firms distribute free tokens to the community in order to gain their product visibility and also to expand their business outreach. This giveaway of free crypto tokens is called Airdrop. However, there is another aspect of it. Before you get a token for free you need to do some tasks, be it…
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What are all actions do I need to perform to get the free coins?

As said earlier, it varies from a crypto project to project. Some will simply ask you to join their telegram channel or register on their site, some will ask you to follow and retweet their one of the post, or post on your Facebook wall. Some projects will also ask to post on forums such…
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What are the requirements for getting Free Coins through Airdrops?

The first and foremost thing is to ensure to have a wallet where the BlockChain Project will forward the free coins. Most of the Airdrops are based on Etherum BlockChain System and for this, you need ERC-20 (Ethereum Request for Comment)  wallet where you can store your airdropped free crypto coins. MetaMask or MyEtherWallet are two most popular ERC20…
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Do these Airdrops have any value?

Just because you got it for free, it doesn’t mean that Airdrops are worthless. As said earlier, Airdrops are the free crypto tokens that are rewarded to you by Crypto Startups. These crypto tokens have a value of their own. We are still at the early stage of cryptocurrencies and who knows the coins you…
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How to Check Balance of ERC-20 Wallet?

Usually, it takes around a month or two after the end of Airdrop before you receive your free tokens and coins. You’ll be notified either on their telegram channel or via mail once the airdrop coins distributed. To check your wallet info if the airdrop token has appeared in your wallet yet, simply go to Etherscan (https://www.etherscan.io)…
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Did Bitcoin ever give away free coins?

Yes. In the early days of Bitcoin, there was a ‘Bitcoin Faucet’, which gave away 5 Bitcoins per visitor. This was essentially a Bitcoin Airdrop. Click this WIKI link to know more.

Why do Companies giveaway free Cryptocurrencies through Airdrops?

First and foremost thing Marketing for their new project or token. As mentioned airdrops are usually scheduled Pre-ICO so that they can spread the awareness about their token. They get a good user-base in dirt cheap in exchange for the tokens that are worth next to nothing. So, it’s a WIN-WIN situation for both the…
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Where Can I sell my Airdropped tokens?

The Short answer is Crypto Exchanges but most of the airdrops are held by new projects so it may take some time to get listed on Exchanges. Usually, airdrops are scheduled Pre-ICO so that they can create awareness about their project or token. If any Airdrop token is listed then just use the portals like My…
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How do I keep my Cryptocurrency safe?

The best and safest way to store your cryptocurrencies in the offline hardware such as Ledger Nano S and in case if a particular token is not available on those cold storages, then it’s recommended to store in the wallet where you completely control your Private Keys. Make sure you have got a printed copy…
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