What's an Airdrop?

[ichanjay]

Can someone please explain what an airdrop is? and how it works? thanks

[AIRDROPSQUAD]

You already becom a Jr. Member, but still don't know what is an airdrop? Hmm, anyway this link will help you to explain it https://bitcointalk.org/index.php?topic=1876879.0

[Desscount]

Can someone please explain what an airdrop is? and how it works? thanks

I think, has a lot to discuss about this. and you do not know it after you go through rank jr ?
try to find a lot of reading on this forum about airdrop

[staywoke081]

Can someone please explain what an airdrop is? and how it works? thanks

The jist is that you sign up for a portion of a premine made by a dev and the community is supposed to lift that coin up by supporting it and creating something great out of nothing. It is an alternative to ICOs and it has

worked in the past for a few notable projects. The one I know the best is Decred I believe that was an airdrop and look at where it has came.

[ichanjay]

I wouldn't ask if i know. Sorry for bothering you guys to answer the question.  Basically its a free coin. It usually happens before, during or after the ICO?

[Xclusive5]

Can someone please explain what an airdrop is? and how it works? thanks

Airdrops are free coin you get from a dev without knowing if its going to be a success or failure.

[Lucky_U]

Airdrop is free coins for you from project. Sometimes this free stake cost very expensive. I remember in ~2015 was airdrop Community coin and this stake cost 1BTC

[eltradestor]

They are free tokens given to you after little or no task. Some are good, some are worthless.

[mari4nn3]

This was asked many times and you will always see the word airdrop tied with free coins. Simply because an airdrop is a distribution model that in oposition to an ICO where investors pay X value per token, those tokens are given for free.

It has no more or less value than an ICO imo, because I have seen very successful airdrops with actually more development than many paid projects.

[chaoscoinz]

An airdrop is supposed to be a community based distribution of crypto currencies,  usually meant to provide the early adopters, and community supporters with a Bitcoin alternative that is an honest and an open effort to build together with a community. Sometimes there is big innovation involved, more often then not, just clone coins.
   What airdrops are turning out to be as of today...
A nightmare, where tokens, and coins are instamined, where a huge chunk is reserved for the developers, meanwhile the community and it's closest supporters may get a chance to share in on the some of the action, usually unsuspectingly, and some knowingly, await for the final phase of what will turn out to be a scheme. The coin/token is pumped viciously,  causing artificial inflation, and then of course dumped for Bitcoin. Honest members of the community, a bunch of newbs, and a few greedy people are left holding the bag full of emptiness. All the promising features the roadmap covered, left unfulfilled, never to be mentioned again.
  The few on top of the pyramid will buy new lambos, rinse and repeat. This is the reason a major crackdown will come, because the greed. The more money involved, the more problems our crypto world faces. After Mt. Gox, many of us knew that it was only the beginning of the underhanded business that would take place within the community.
   Now, not all airdrops are dubious, with malevolent intentions, but just remember to practice your due diligence, and never give out your private key ever. Happy coin hunting to all!

[shamzblueworld]

An airdrop is supposed to be a community based distribution of crypto currencies,  usually meant to provide early adopters, and community supporters with a Bitcoin alternative that is an honest and open effort to build together with the community. Sometimes theirs big innovation involved, more often then not, just clone coins.
   What airdrops are turing out to be as of today...
A nightmare, where tokens, and coins are instamined and a huge chunk is reserved for the developers, meanwhile the the community and it's closest supporters share in on the some of the action, unsuspectingly, and some knowingly, await for the final phase of the scheme. The coin/token is pumped, causing artificial inflation, and then of course dumped for Bitcoin. The honest members of the community, and a few greedy ones are left holding the bag full of emptiness. All the promising features the roadmap covered, left unfulfilled, never to be mentioned again.
  The few on top of the pyramid buy new lambos, rinse and repeat. This is the reason a major crackdown will come, because the greed within what started off as an honest community. The more money involved, the more problems crypto world faces. After Mt. Gox, many of us knew that was only the beginning of the underhanded business that would take place within the community.
   Now, not all airdrops are dubious, with malevolent intentions, but just remember to practice your due diligence, and never gice out your private key ever. Happy coin hunting to all!

Thanks for the informative post, but this made me curious, were there ever any successful airdrops? An airdrop that actually worked for both the developers and holders, any airdrop coin that went on to become a top altcoin?

[ichanjay]

An airdrop is supposed to be a community based distribution of crypto currencies,  usually meant to provide the early adopters, and community supporters with a Bitcoin alternative that is an honest and an open effort to build together with a community. Sometimes there is big innovation involved, more often then not, just clone coins.
   What airdrops are turning out to be as of today...
A nightmare, where tokens, and coins are instamined, where a huge chunk is reserved for the developers, meanwhile the community and it's closest supporters may get a chance to share in on the some of the action, usually unsuspectingly, and some knowingly, await for the final phase of what will turn out to be a scheme. The coin/token is pumped viciously,  causing artificial inflation, and then of course dumped for Bitcoin. Honest members of the community, a bunch of newbs, and a few greedy people are left holding the bag full of emptiness. All the promising features the roadmap covered, left unfulfilled, never to be mentioned again.
  The few on top of the pyramid will buy new lambos, rinse and repeat. This is the reason a major crackdown will come, because the greed. The more money involved, the more problems our crypto world faces. After Mt. Gox, many of us knew that it was only the beginning of the underhanded business that would take place within the community.
   Now, not all airdrops are dubious, with malevolent intentions, but just remember to practice your due diligence, and never give out your private key ever. Happy coin hunting to all!

Thanks, Thats very informative. But the common reason of doing an airdrop is to promote right? Or is it usually done when only few tokens were sold during ICO?  Is it done before, during or after an ICO?

[caeles]

Airdrop is a free coins distributed to the community for trial, or when that coin is soon to be dumped. They also use it to promote their coins.

[trademark]

Many airdrop projects are just free coins where the Dev is keeping the bulk of them to dump when it hit's the exchanges.  The coins they airdrop are very few.  Many of the addresses in the airdrop belongs to the Dev.  He is secretly dumping the coins and leaving the main wallet untouched so that there is no panic. 

[layoutph]

Usually coin owners without too much advertsing budget creates coin give aways to create hype about their coin. It has a lot of advantage. It keep their coins circulating and promoting it at the same time.

Can someone please explain what an airdrop is? and how it works? thanks

[shimbark123]

An airdrop is an activity in which the dev will give you coins for free. All you need to do is to put your informations in their google form. And then that's it wait for the next announcement on their distribution.

[lisasteca]

An airdrop is an activity in which the dev will give you coins for free. All you need to do is to put your informations in their google form. And then that's it wait for the next announcement on their distribution.

I also would like to say, I have seen in a few airdrop dev asking for a private ethereum wallet, BE CAREFUL, don't give private key to anyone, they will steal all your coin.

[Ph371]

Airdrop is free coin/token falling from sky and everyone loves it.

[ichanjay]

Many airdrop projects are just free coins where the Dev is keeping the bulk of them to dump when it hit's the exchanges.  The coins they airdrop are very few.  Many of the addresses in the airdrop belongs to the Dev.  He is secretly dumping the coins and leaving the main wallet untouched so that there is no panic. 

So you're saying project that usually do airdrops are the ones that really has no project value and just want to earn a quick profit. SO it means stay away from projects that usually do airdrops coz its most likely be just pump and dump by devs

[TTITA]

I can say, with the airdrop it is also part of product marketing, which people who are interested in promoting it will get a reward for his business. But we do not have to worry about ico doing this way, just imagine how companies as big as samsung, apple, etc, pay to television to show their ads.