In the cryptocurrency sector, a non-fungible token (NFT) airdrop might be a good fit for the forthcoming season of giving.
Users have proudly displayed these “airdropped” tokens in their wallets, as creators devised the airdrops to promote their individual projects.
To acquire a collection of NFTs or stack up owned cryptocurrencies, airdrops include “dropping” presents of free tokens on various protocols or platforms without having to spend a single penny.
What Are Airdrops and How Can Users Get Them?
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Crypto or NFT airdrops are a marketing tactic by certain blockchain projects wherein developers send coins or NFTs for free, MakeUseOf.com noted in a report. These developers normally make these airdrops before their project officially launches. Crypto startups mainly distribute airdrops to spark community discussions and raise awareness that would promote their cryptocurrency or NFT project.
Should there be a lot of publicity generated, these airdrops could boost the value of a cryptocurrency during its initial coin offering (ICO), or its initial listing on the cryptocurrency exchange.
Auroracoin is known as having deployed the very first airdropped token. Its initial airdrop occurred in March 2014 and was given to Iceland residents for free. In this airdrop, people received 31.80 Auroracoins (AUR), which was equivalent to $12 at that time.
Several months after the airdrop, Auroracoin crashed and had been abandoned by its developers. Since December 2020, developers ceased updating the project’s official Twitter account. To receive an NFT or cryptocurrency airdrop, users need to have a crypto wallet. In addition, recipients should join, follow and share the project’s social media channels and engage with the token’s community on messaging platforms such as Telegram and Discord. These airdrops have a registration period that carry limited slots for users to sign-up before a set deadline.
Rumored and Ongoing NFT Airdrops Rumors have circulated on upcoming airdrops and according to Bitcoinist.com, here are the possible airdrops users should look out for.
News Summary:
- NFT Airdrops 2021: 5 NFT projects with free tokens coming soon
- Check all news and articles from the rumors news updates.
