A crypto airdrop is when a blockchain project distributes free tokens or coins to the crypto community. The format of these crypto giveaways is usually like this: At a pre-announced time the project behind the event will take a ”snapshot” of the blockchain, anyone holding Ethereum, Bitcoin or other tokens, at that point will receive a certain number of free e-tokens.
A Crypto Airdrop is an efficient way for the founders of new blockchain projects to bootstrap their burgeoning communitie. With this new way of marketing everybody wins because on one hand users get free tokens which could worth something in the future. And on the other hand, blockchain projects raise awareness for their crypto-projects.
A crypto airdrop also plants a seed. When you look at Coinmarketcap you will see a list of thousand coins. Just on page one you can see 100 coins listed. However if you have or had a coin that name is still in your brain. The seed is planted and whenever you check Coinmarketcap and scroll down, the name of the free e-Coin will jump out and people will check how it is doing.
There isn’t any standard set of rules yet. And each blockchain ICO teams can request whatever they want from their backers. Every crypto airdrop has a different set of rules.
Some new token airdrops require retweets on Twitter, usually you need a minimum amount of followers. Make sure you have active social media accounts to be eligible for these free crypto tokens.
An ETH address, also known as an ERC20 address, is the receiving address of an Ethereum wallet. The address starts with “0x” and is followed by a series of 40 random characters. In MyEtherWallet, your receiving address is the “Account Address.” In MetaMask, your ETH address can be found by clicking the menu icon (•••) and clicking “Copy Address to clipboard.”
Many ETH wallets will require you to add custom tokens in order to view the balance. To view your token balances quickly, simply type your ETH address into Ethplorer. All of your available custom tokens will be shown under “Token Balances.” To add a custom token to your wallets such as MetaMask or MyEtherWallet, you will need to find the Contract Address of each token and the decimals of precision, which can be found by searching each token’s ticker on Etherscan.
First of all: NEVER SHARE YOUR PRIVATE KEYS.
Than you need a wallet, to be able to receive, hold and send the newly minted crypto tokens.