What are cryptocurrency airdrops?

                                                                                                           Image Source: myfriendcrypto.com

What are cryptocurrency airdrops?

 An airdrop is a marketing strategy that companies use to promote their cryptocurrencies. This let users get a certain amount of tokens for free by completing tasks.

What are the requirements?

You need Telegram, Twitter and usually an ERC20 wallet (like Metamask) but sometimes also other types of wallet may be required.

What should do I have to do to get these cryptocurrencies for free?

It is mainly about joining social media channels, registering on the projects website and liking (and retweeting) content: very simple tasks that don’t take long.

Never send money, also if someone requests a payment to unlock your tokens. Beware of scammers!

Can I exchange these cryptocurrencies with Bitcoin or Ether?

It depends on the markets in which they are listed. However, as these are new projects with potential, in most cases it is better to wait until a good price is reached.

Source: myfriendcrypto.com

 

 

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