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Classifications of Airdrops

First and foremost, Crypto airdrops are simply some marketing strategy employed by blockchain-based startups that involves sending tokens to the wallets of crypto traders in order to promote awareness of a new virtual currency. Little amounts of the virtual currency are released to the wallets of active members who participated in the airdrop. It is usually for free or in exchange for a small promotional service, such as subscribing to the page of the company issuing the currency or sharing a post sent by the company.

However, airdrops in cryptocurrency are of different types and classes, and it is important to note the particular type of airdrop before participating. You need to understand the different types of aidrops so that you can be able to know how to receive your own portion of the token in your wallet and also know the requirements to be able to participate and win. Below is a quick rundown on the classification of airdrops.

Classification of airdrops

1. Standard Airdrop

Small amounts of the new virtual currency are sent to participants’ wallets in exchange for a small promotional service, such as referring a friend to register at a virtual currency project, or subscribing to their channel or newsletter, and so on.In the standard airdrop, anybody can participate. Participants can be asked for verification, email, or wallet addresses before they can receive the airdrop. Therefore, participants are required to have a cryptocurrency wallet in order to receive the promised crypto rewards.

 2. Exclusive Airdrop 

An exclusive airdrop is truly exclusive as it is reserved for loyal followers of a virtual currency. In this type of airdrop, participants may not even need to render any service in return for participating in the airdrop. It is more like a giveaway or reward organized by the aggregators of the virtual currency to reward its consistent followers. For example, back in 2020, Uniswap sent out 2,500 UNI airdrop coins, worth $1,200 at the time, to its loyal users.

3. Bounty Airdrop

This type of airdrop is solely for promotional purposes. Tokens are rewarded to users who help promote the blockchain project via social media platforms. Most of the time, registered users get the option to earn more of the bounty airdrop by referring other people to register on the platform. Sometimes, users also stand a chance of winning the airdrop when they follow the project on Twitter and retweet the post, join the project’s channels on Telegram, and share the project’s post on Facebook and Instagram.

 4. Holder Airdrops

This type of airdrop is provided to wallet users who hold certain cryptocurrencies. This type of airdrop is usually popular among Chain Tokens or ecosystem tokens holders. In the past, holders of the Ripple XRP tokens were airdropped free spark tokens according to the amount they hold.

Conclusion

In the crypto world, airdrops are a way of encouraging investors or traders to participate in a newly launched cryptocurrency. While participants receive little tokens for participating in airdrops, crypto companies use airdrops to penetrate the crypto ecosystem. To be able to successfully participate in and win any airdrop, you must have a little knowledge about the types of airdrops available. I believe this post has classified airdrops in the best way possible to enable you to know the requirements needed.

You can check out our Airdrops section and also get to know about other ways to earn free crypto tokens. Follow us on Telegram and Twitter to be updated easily on airdrops.

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