all right guys you've been asking we've heard you today we're doing a deep dive into crypto airdrops
what they are how they work and how to make sure that you get some free tokens this is the crypto
airdrops definitive guide welcome to coin market caps Tuesday tutorials where we make it easy for
you to get the most out of all of the crypto tools out there my name is Trev and here at
coin market cap we love making videos about all things crypto so if you like this video make sure
to hit the like button down below coin market cap has over 11 000 listed coins which means that new
cryptocurrency projects are looking for more ways to attract new investors and supporters so they
have to employ some very creative techniques to get themselves to stand out amongst the other 11
000 listed coins enter airdrops once considered as an unconventional form of guerilla marketing
airdrops have exploded in popularity since 2017 with countless projects using the strategy to
expedite adoption and to encourage the community to help adopt a project or by rewarding its loyal
users additionally an airdrop may come as a result of a hard fork such as what happened when bitcoin
holders received a one-to-one airdrop of bitcoin cash in 2017. so what are crypto airdrops apart
from your standard press release and social media promotion a crypto airdrop is usually a marketing
tactic that uses the free distribution of new cryptocurrency tokens to drive awareness and build
communities quickly crypto airdrops are therefore commonly used by startups to help bootstrap their
crypto projects news of a crypto airdrop are usually posted on the project's website
or medium page or third party tracker like well coinmarketcap and shared across social
media platforms where more people interested in cryptocurrencies can see it so how do you get a
hold of an airdrop for starters airdrops are all about raising awareness and building a community
so most likely you've heard about an airdrop through a friend or a social media post now if
you want to stay ahead of the competition you can use coinmarketcap.com click on calendars and from
there click on free airdrops you can see how much time is remaining for each ongoing airdrop more
importantly we can see the ones that are up and coming and the ones already ended and make sure
to have a coinmarketcap.com account to not miss out on any of the latest airdrops now to properly
participate and actually have a chance to get them make sure to follow all of the directions on the
airdrop page so let's open up a few different projects and look through the requirements
so let's look at how to participate in them so i already have forest night open this is just one
example so all you have to do is just scroll down go over to how to participate from here you would
just see it says add night to your coin market cap watch list follow the twitter account like our new
facebook page join the telegram chat group and announcement channel join the discord group and
then it gives you a couple ways on how to increase your chances of winning and then over here you can
also see how many people are participating and you can also see how much time is left alright so for
this example i have snow crash token open here all you have to do is go over to join this airdrop and
we are going to see how some of the parameters of what it's like to actually join one so in
here you can just see that you have to add it to your watch list you have to follow them on twitter
you have to follow the coin market cap twitter account then once you do all of this then you can
put in your binance marching wallet address your twitter handle facebook handle etc and
then you can also agree to the parameters and you will be joined into the airdrop it's that simple
and if you don't follow all of the instructions you may not get them so make sure to follow all
of the steps so why do we love crypto airdrops most crypto enthusiasts especially those with
little to no holdings love airdrops because they see him as free money and in many cases
this free money could actually surge in price and actually appreciate over time providing immense
profits with zero capital now before we talk about money and the potential riches that you could
have off of airdrops let's talk about safety first once you've heard about an airdrop be very careful
when you're searching for it online fake sites often pay to advertise on both search engines
like google and social media platforms to learn victims even accidentally mistyping a direct url
can direct you to a copycat fake site therefore be careful which airdrop you're signing up for and if
a project ever asks you to send funds to them don't do it it's probably a scam when in doubt
bookmark coinmarketcap.com search for a project within our website and use a projects listed url
as a verification tool and lastly when it comes to security most people don't know about this but
some airdrops are simply vehicles to get personal information from you in what's called a dusting
attack where you receive a fractional amount of crypto into your wallet and thereby reveal your
public address to a potential scammer or hacker once a project has your public address its members
can easily check your portfolio through blockchain explorer tools if you're holding a valuable sum of
crypto assets on that wallet address you could theoretically get targeted through phishing
sim swap or other hacking attempts or even real life extortion therefore it's best to create a
wallet just specifically for airdrops this is pretty simple because most airdrops happen on
the ethereum network as erc 20 tokens simply set up a new address on the likes of metamask or my
ether wallet to receive airdrops this will also enable you to separate house money from coins
you've actually paid for alright so once you're safe and secure let's talk about the potential of
airdrops for example the uniswap airdrop in 2020 the world's most popular decentralized exchange
airdropped its native asset uni to all wallets that had used its platform and performed at least
one transaction prior to September 1st 2020 an eligible account received 400 units of the base
asset during the event most recipients quickly dumped their airdrop tokens and uni changed hands
at two dollars to four dollars those who held on for dear life or huddled were richly rewarded for
their patience and loyalty as the exchange token value soared with others in the defy ecosystem
climbing from two dollars to an all-time high of almost 40 dollars in April of 2021 not bad
or let's talk about the one-inch airdrop in December 2020 the one-inch decentralized exchange
airdropped 90 million one-inch tokens to more than 55 000 addresses to be eligible an address needed
to have traded at least 20 or made four trades before the airdrop day at launch the price of
one inch was about two dollars and seventy cents fast forward to April 2021 and the coin traded at
above six dollars and there was one particular address that received a crazy 10 million tokens
during the day of the airdrop as rewarded for its support that stash was worth 60 million
dollars in April an increase of approximately 33 million dollars in less than five months
now with more coins coming to the market in coin market cap listing over 11 000 of them
marketing is becoming harder and harder and that's why some projects partner up directly with coin
market cap to help support their cryptocurrency and you can easily get airdrops from them by
following our learn and earn campaigns not only will you receive free airdrops but you will
also learn about specific projects and educate yourself on its potential in future applications
and on that note help us get crypto to be adopted around the world by sharing this video with a
friend or family member help them learn more about crypto so even they can receive free air drops
and lastly at coin market cap we are doing our own air drop as in the case with our brand new
youtube launch event simply click subscribe to the channel turn on notifications and complete a short
quiz linked below and enter to win ten thousand dollars worth of USDT tokens NFT's and coin
market cap diamonds so what are you waiting for make sure to hit the subscribe button down below