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Author Topic: What are AirDrops exactly?  (Read 377 times)
Darkmachine (OP)
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February 09, 2018, 05:56:14 AM
 #1

I see a lot of ICO's doing AirDrops, or they say AirDrops are finished etc. Can someone give me an exact description and an example of what an AirDrop is exactly? What is the purpose of it during an ICO? Thanks!
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February 09, 2018, 06:13:49 AM
 #2

It literally means what it is. They "airdrop" their coins/tokens to people who sort of sign up. Most of the time you just need to prove ownership of a bitcoin wallet and they give you a percentage depending on how much BTC you hold on that specific wallet. To prove ownership, you send them a specific amount of BTC or you can sign a message using your wallet[1] instead if you don't want to spend your BTC


[1] https://medium.com/@TenX/mycelium-how-to-sign-a-message-with-a-bitcoin-address-87afdd0a5a0e

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Darkmachine (OP)
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February 09, 2018, 06:26:19 AM
 #3

It literally means what it is. They "airdrop" their coins/tokens to people who sort of sign up. Most of the time you just need to prove ownership of a bitcoin wallet and they give you a percentage depending on how much BTC you hold on that specific wallet. To prove ownership, you send them a specific amount of BTC or you can sign a message using your wallet[1] instead if you don't want to spend your BTC


[1] https://medium.com/@TenX/mycelium-how-to-sign-a-message-with-a-bitcoin-address-87afdd0a5a0e

I heard it was "FREE" tokens that are given out?
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February 09, 2018, 06:33:03 AM
 #4

It literally means what it is. They "airdrop" their coins/tokens to people who sort of sign up. Most of the time you just need to prove ownership of a bitcoin wallet and they give you a percentage depending on how much BTC you hold on that specific wallet. To prove ownership, you send them a specific amount of BTC or you can sign a message using your wallet[1] instead if you don't want to spend your BTC


[1] https://medium.com/@TenX/mycelium-how-to-sign-a-message-with-a-bitcoin-address-87afdd0a5a0e

I heard it was "FREE" tokens that are given out?
Yeah, that's exactly what airdrop is "free" tokens! the site here(https://airdropalert.com) keeps track of available airdrops.
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February 09, 2018, 06:38:25 AM
 #5

It literally means what it is. They "airdrop" their coins/tokens to people who sort of sign up. Most of the time you just need to prove ownership of a bitcoin wallet and they give you a percentage depending on how much BTC you hold on that specific wallet. To prove ownership, you send them a specific amount of BTC or you can sign a message using your wallet[1] instead if you don't want to spend your BTC


[1] https://medium.com/@TenX/mycelium-how-to-sign-a-message-with-a-bitcoin-address-87afdd0a5a0e

I heard it was "FREE" tokens that are given out?
Yeah, that's exactly what airdrop is "free" tokens! the site here(https://airdropalert.com) keeps track of available airdrops.

Why would someone issue free tokens? What would be the core use in this? Can you give me an example in a normal ICO or presale or whatever that one could involve using airdrops, and would it make the sale more attractive?
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February 09, 2018, 06:51:50 AM
Last edit: February 09, 2018, 09:08:19 AM by BlockEye
 #6

It literally means what it is. They "airdrop" their coins/tokens to people who sort of sign up. Most of the time you just need to prove ownership of a bitcoin wallet and they give you a percentage depending on how much BTC you hold on that specific wallet. To prove ownership, you send them a specific amount of BTC or you can sign a message using your wallet[1] instead if you don't want to spend your BTC.  


[1] https://medium.com/@TenX/mycelium-how-to-sign-a-message-with-a-bitcoin-address-87afdd0a5a0e

I heard it was "FREE" tokens that are given out?
Yeah, that's exactly what airdrop is "free" tokens! the site here(https://airdropalert.com) keeps track of available airdrops.

Why would someone issue free tokens? What would be the core use in this? Can you give me an example in a normal ICO or presale or whatever that one could involve using airdrops, and would it make the sale more attractive?
It is all over the ICO now, new ICO somehow gives token for free, for the coin will only have a value if the network of holders will grow. The more the community have it the more the possibility for it's development , everyone like free, so many will really acquire it as much as possible, but beware still of putting details some may not be legit and some didn't really paid so still study the coins idea.
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February 09, 2018, 06:56:58 AM
 #7

It literally means what it is. They "airdrop" their coins/tokens to people who sort of sign up. Most of the time you just need to prove ownership of a bitcoin wallet and they give you a percentage depending on how much BTC you hold on that specific wallet. To prove ownership, you send them a specific amount of BTC or you can sign a message using your wallet[1] instead if you don't want to spend your BTC


[1] https://medium.com/@TenX/mycelium-how-to-sign-a-message-with-a-bitcoin-address-87afdd0a5a0e

I heard it was "FREE" tokens that are given out?
Yeah, that's exactly what airdrop is "free" tokens! the site here(https://airdropalert.com) keeps track of available airdrops.

Why would someone issue free tokens? What would be the core use in this? Can you give me an example in a normal ICO or presale or whatever that one could involve using airdrops, and would it make the sale more attractive?
They would really do such thing for them to have an airdrop. This is one of the ways of distribution of their tokens but dont worry airdropped tokens arent really took big percentage on overall supply which means the main sale is still on concern. Airdropped tokens is only a dust and shouldnt really be worried off if you are an investor on a particular ico.

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February 09, 2018, 07:13:15 AM
 #8

Airdrop is just a small amount from the total supply of a project.They are giving me this free in return you will follow their twitter and join the telegram.In this case you help them to build a community that will support their project during crowdsale.Having a big community can attract investors to participate during crowdsale.So in short Airdrop is just a way of marketing strategy.
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February 09, 2018, 07:27:51 AM
 #9

It literally means what it is. They "airdrop" their coins/tokens to people who sort of sign up. Most of the time you just need to prove ownership of a bitcoin wallet and they give you a percentage depending on how much BTC you hold on that specific wallet. To prove ownership, you send them a specific amount of BTC or you can sign a message using your wallet[1] instead if you don't want to spend your BTC


[1] https://medium.com/@TenX/mycelium-how-to-sign-a-message-with-a-bitcoin-address-87afdd0a5a0e
Most airdrops now are ERC20 tokens thus ETH address are often being asked.
Most of them require you to follow their social media pages, tweet or retweet something and that's it.
There are very rare good airdrops, most of them are dusts (as what everyone is saying). I have joined a 200$ airdrop in the past. Quite fine for me.

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February 09, 2018, 07:40:50 AM
 #10

Airdrop in one sentence means giving something for free for doing some task.
As we can see nowadays almost all new ICO using airdrop as strategy to promote their coin to almost all social media platform like Facebook , twitter and most importantly telegram.
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February 09, 2018, 08:00:13 AM
 #11

I see a lot of ICO's doing AirDrops, or they say AirDrops are finished etc. Can someone give me an exact description and an example of what an AirDrop is exactly? What is the purpose of it during an ICO? Thanks!

Just fill the form and sign up for that and follow all the rules or i mean you answer what it says after they give you a free token that you can buy it in different types of crypto currency that can be money.
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February 09, 2018, 08:16:45 AM
 #12

It literally means what it is. They "airdrop" their coins/tokens to people who sort of sign up. Most of the time you just need to prove ownership of a bitcoin wallet and they give you a percentage depending on how much BTC you hold on that specific wallet. To prove ownership, you send them a specific amount of BTC or you can sign a message using your wallet[1] instead if you don't want to spend your BTC.  


[1] https://medium.com/@TenX/mycelium-how-to-sign-a-message-with-a-bitcoin-address-87afdd0a5a0e

I heard it was "FREE" tokens that are given out?
Yeah, that's exactly what airdrop is "free" tokens! the site here(https://airdropalert.com) keeps track of available airdrops.

Why would someone issue free tokens? What would be the core use in this? Can you give me an example in a normal ICO or presale or whatever that one could involve using airdrops, and would it make the sale more attractive?
I think ICO airdrops are done to build community. it's not really an airdrop if people are asked to follow/join social network channels. since you're doing something (following twitter etc..) to get the "free" tokens. a real airdrop is where you don't really have to do much, just provide/connect your ETH/BTC address to get free tokens. take byteball as an example, you just have to sign a message or send a small amount of BTC to get airdrops.
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February 09, 2018, 09:06:10 AM
 #13

Airdrop in one sentence means giving something for free for doing some task.
As we can see nowadays almost all new ICO using airdrop as strategy to promote their coin to almost all social media platform like Facebook , twitter and most importantly telegram.

If we need to do a task then it is not an airdrop but rather a bounty payment for the task they had given us.  Most of us knows what's free means, it is just enlisting the account and get free token from the owner of the project.  Anyway, it is a marketing strategy to spread news about the project.  Most bounty were disguised as Airdrop but the fact is that they are actually a task and will be paid with the tokem.  I also believe that airdrop is synonym to giveaway.

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February 09, 2018, 09:33:25 AM
 #14

How to have an airdrops and where does the airdrops go?
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March 25, 2018, 10:22:27 AM
 #15

Airdrops are one of the campaigns which a Bounties offer during their ICO period. Exactly, airdrop defines as a giving away of free tokens to the public or users which sign up on the forms which they are issued during their airdrop campaign. Sometimes, airdrop campaigns has so many rounds or phase but it depends on the Bounty how many rounds they will have an airdrop. You can get your free tokens from airdrop if you completed the requirements of Bounty's to be eligible for the rewards.

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March 25, 2018, 10:47:17 AM
 #16

How to have an airdrops and where does the airdrops go?

How to have airdrop or be a beneficiary is to sign up with the ico.

Where it goes is to the wallet you provided when signing up with ico company. The airdrop tokens are usually distributed at the end of the ico.
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March 25, 2018, 10:56:57 AM
 #17

Simply airdrops are free coins!
they just ask you to do some simple jobs like joining twitter and they give you very small amount of their tokens instead .


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New Age of DEFI
A Non-Code Platform for
Decentralized Trading Instruments

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bogacola
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March 25, 2018, 11:09:43 AM
 #18

It is intended to drive interest to the project. People waking up to a new coin will make them look into it.
smarteth
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March 25, 2018, 12:54:26 PM
 #19

airdrops are company sponsored tokens for promotion of their ico
krauzzer02
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March 25, 2018, 04:18:46 PM
 #20

How to have an airdrops and where does the airdrops go?

How to have airdrop or be a beneficiary is to sign up with the ico.

Where it goes is to the wallet you provided when signing up with ico company. The airdrop tokens are usually distributed at the end of the ico.
That's the common one but some airdrop are ridiculously requiring their own participants to fill the KYC requirements which is insane to do with just a free 1 - 5 dollars worth of tokens, I'm just a newbie with bounties that time and a member of a telegram ICO group and most of the members are asking if the projects require KYC to claim tokens, ask some member then they said that some ICO's even the airdrops require their participants for KYC, giving a sophisticated information for a few bucks no thanks.
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