An airdrop is a free distribution of tokens of cryptocurrencies. Many of it have conditions of participation like doing social media campaigns such as retweet, follow and shares, join telegram channel and with minimum bitcointalk rank can be requested. Instructions are usually indicated in the registration form.
There are 2 types of airdrop:
1. By registration:
- Just register on the site that offers airdrop and validate or confirm your email address. Tokens will be available on your created account where you can later send to your wallet or to an exchange.
2. Distribution on wallet:
This time the toke will be sent to your wallet directly.
HOW TO PARTICIPATE IN AIRDROP?
To participate, you basically need the following:
1. A wallet like MyEtherWallet which will allow you to receive ERC20 tokens or Ethereum based tokens.
2. Of course, bitcointalk account
3. Telegram account
4. An active Facebook and Twitter account.
There you go! Once your tokens received, just wait for the listing of that token in an exchange to be able to trade them or hodl it.
Don't forget to check and do research of the airdrop you are participating if it's legit or scam.
Only your public wallet address should be provided during the registration.
Nice post, however more kinds of airdrop actually exists. In example #BitcoinEvo $XBTE airdrop is a coin-based (and not token based) cryptocurrency airdrop, you can check it here
https://bitcointalk.org/index.php?topic=3038677.0 In example in this kind of airdrop you have to download official $XBTE wallet and then fill the airdrop form with all the informations requested and you receive the coins directly in your wallet while the network is up and running already!
You can claim XBTE also if you do not own Bitcoin already