4 Things You Didn’t Know About Airdrops


Hey guys, I’m Angelo and welcome back to
Crypto Coin Consultants. Today we’ll be discussing airdrops. But first, answer this quiz question: How many Stellar Lumens coins were allocated
to be given away for free during their first airdrop? 19 hundred, 19 thousand, 19 million, or 19
billion? Let us know in the comments section below
& stay tuned till the end of this video to find out the answer. 4. What is an airdrop? Airdrops are just another term for free tokens
or coins. It’s an effective way for companies to market
their coin by suddenly making the masses aware of it when it appears in their wallets out
of nowhere. Doing so increases awareness of the coin in
an attempt to also increase its value. People tend to personally value coins they
own over coins they don’t own due to what’s known as the “endowment effect.” There are currently over a thousand coins
listed on coinmarketcap.com, and it’s hard to keep track of them all. By airdropping a coin into your wallet, it
tends to stand out more in your mind amongst the rest of the competition. The amount of coins you receive from an airdrop
vary, but most of the time you have to be holding coins of a relevant blockchain. Take OmiseGo for example. In September of 2017, close to half a million
Ether holders who held a minimum of 0.1 Ether the previous July were given 0.075 free OMG
tokens for every Ether they held in their wallets. This, among other things, played an effective
role in the project’s marketing efforts & OMG is now ranked among the top 30 coins
based on total market cap. 3. How can I participate in an airdrop? As I stated earlier, you have to be holding
coins of a relevant blockchain in order to be eligible to receive free coins. Most ICOs for example, are ERC20 tokens, meaning
they’re built on the Ethereum blockchain. So like OmiseGo, you have to be holding Ether
in your wallet to receive free ERC20 tokens. Conversely, if the project is based on the
Bitcoin blockchain, you have to be holding Bitcoin. The timing of the airdrop can be announced
beforehand or can be random (as is the case with Waves and Komodo). In order for an airdrop to occur, a snapshot
of the blockchain is taken at a predetermined date & time. Anyone holding relevant coins at this time
is entitled to a portion of the allocated amount of free tokens. In our previous case of OMG, the snapshot
occurred on July 7th, 2017 at block 3,988,888. But the announcement of the airdrop wasn’t
made public until August, and the OMG coins weren’t distributed until September. Sometimes, announcements made beforehand can
have a huge impact on the value of the relevant coin. For example, in early December of 2017, Nxt
announced an airdrop of the Ignis token to all Nxt holders. This led to a massive surge in the price of
Nxt to over six times its original value over the course of the upcoming days & weeks. Once the snapshot was taken & Nxt holders
were accounted for, the value of Nxt tanked to a fraction of its pumped price, which was
also the coin’s all-time high. Moral of the story: be careful when stocking
up for free coins because doing so can burn you! The number of coins you receive can sometimes
be a fixed rate, while other times it’s determined by how many coins of the relevant
blockchain you hold (like in our OmiseGo example of 0.075 OMG for every 1 ETH). I have to warn you though that although some
exchanges will honor the airdrop, there are some that won’t. One way of ensuring with 100% certainty that
you’ll be receiving your free coins is by holding the relevant coin in a wallet to which
you own the private keys. You do not own the private keys to an exchange. In the case of Bitcoin, this means sending
your Bitcoin from the exchange to either a hardware wallet (like a Ledger or Trezor)
or to an online wallet (like blockchain.info); an example of an online Ether wallet would
be myetherwallet.com (also referred to in the crypto-community as MEW). 2. What do I do with my airdrops? As you may have already figured out by now,
airdropped coins are essentially free money, and what you decide to do with them is up
to you. Many of the coins that perform airdrops would
have just recently wrapped up their ICO and therefore, the tokens aren’t immediately
available to trade on any of the major exchanges. That said, there are still a number of exchanges
you can trade them on, and for some, it’ll only be a matter of time until they’re listed
on a major exchange. Once listed, liquidity is much higher since
the tokens are exposed to larger trading volumes. This also means more room for growth in the
coins’ value due to awareness, speculation, or other factors. 1. More free money
While we’re on the topic of free money, it’s worth mentioning bounties. Bounties are another way for you to earn free
coins. Rather than having to hold a coin from a relevant
blockchain, you can earn coins early on during its ICO or pre-ICO stages. The coins are earned by performing designated
tasks to help improve the project: be it translating their website to another language, finding
bugs within their system, or even promoting it on social media if you have a big enough
following. Yes, that means a simple Tweet can earn you
coins if your fanbase is deemed large enough by the token team’s criteria. You can find out more about an ICO’s bounty
programs by visiting their ICO announcement page on the bitcointalk.org forum. So how many Stellar Lumens coins were allocated
to be given away for free during their first airdrop? If you guessed 19 billion you’re right! 19 billion tokens comprises roughly 19% of
the initial Lumens supply, although not all tokens were claimed. At the time of this recording, the Stellar
Lumens all-time high peaked at roughly 92 cents. This means that the value of their allocation
for this initial airdrop would have–at one point–been worth over $17,000,000,000!

27 thoughts on “4 Things You Didn’t Know About Airdrops”

  1. Hey guys I found out about this airdrop earlier today it's called shipchain. anybody interested the information is below 👇 SHIP Airdrop Announcement:

    THE AIRDROP IS OFFICIALLY OPEN! To register, please go now to: https://www.shipchain.io

    🌻 See updated list of countries who are not eligible to participate. See bottom of this announcement.

    OVERVIEW
    👉🏽 The signup process will last for approximately two weeks.

    👉🏽 We plan for the distribution of airdrop tokens around the same time as the release of the rest of the tokens.

    👉🏽 We will be airdropping a total of 1,250,000 SHIP tokens divided evenly to our Telegram community members as a thank you. This figure is a good-faith estimate, subject to change, and we cannot guarantee any amount of tokens to any participants. 🚢🌻☺️

    👉🏽 Community airdrop is open for ALL members of our community to participate.

    ELIGIBILITY
    To be eligible:

    1. You have to be an active member of our Telegram group. An “active member” means anyone that is a member of our Telegram community before the airdrop signup process is complete, which is two weeks from the Jan 15th start date.

    2. Pass KYC/AML. (Know Your Customer/Anti-Money Laundering) This is a simple form we will have you fill out, it will be emailed to you within 1-3 weeks of completing this registration.

    3. Have a valid ERC20 non-exchange wallet.

    WALLET DETAILS
    👉🏽 SHIP is an ERC20 compatible token; it can be stored in any standard ethereum wallet; such as MyEtherWallet (MEW), Metamask, and the official Mist or Parity clients.

    BE AWARE
    🚨 We will only release the details here and in our Official ShipChain Announcement Channel.

    🚨 Be wary of anyone who PMs you claiming to be from ShipChain—asking for your information.

    🚨 The ONLY submission process for the airdrop will occur at https://www.shipchain.io.

    DO NOT give your PRIVATE KEYS to anyone ‼️ No one from ShipChain will ask you for this.

    TOKEN RELEASE
    After the airdrop registration is complete, the smart contract will be finalized and audit will begin. The audit takes approximately 2-4 weeks. The airdropped tokens will be released

  2. All top airdrop in one place 🔥

    https://docs.google.com/spreadsheets/d/1BAmlsh_9wAWtzxqiP7547hchSSh2pLuF4cOvqCr8vfk/edit#gid=0

  3. INSTANT AIRDROP is LIVE !

    ➔ Follow instructions in the form to get ANM tokens: https://t.co/tX7J9hGdBW
    ➔ Free – Up to 100 ANM Tokens.
    ➔ Paid – Up to 500 Tokens.

  4. Does this mean that you have to stay in the channel the entire time or just have the channel on telegram? > please make sure to remain in telegram channel & twitter.

  5. Get $50 worth of IOST token available after aidrop directly to your account!!! answer "all of the above" for both questions of the quiz to get the $50 and use my link!! https://hub.iost.io/register?inviteCode=ByoFrCN4Q&lang=en

  6. Initiative Q is building a new payment network and giving away significant sums of their future currency to early adopters. It’s by invite only and I have a limited number of invites. My personal invite link: https://initiativeq.com/invite/rXx6tn-w7

  7. Valsto is a new payment method that provides a discount on all purchases from stores where you usually shop. You can use it with traditional or cryptocurrencies including Valsto's own currency, the Valsto token, and to get people to join their community, they are giving Valsto tokens for free to those who sign up now, so join in before it's over. Signing up is free and they only ask for your name and email. www.valsto.org

  8. I was told the following exchanges would be launched soon. Seem like a good one to watch out for investment and airdrop:

    http://cangen.io

    http://bitagora.io/

    http://xepay.io/

    Keeping my fingers crossed when they actually open for public!!!

  9. 🎉💯🔥 Good news everyone the GRABBXL's event is now back! 🎉💯🔥 Amazing rewards is waiting for you guys.

    Grabbxl is giving away 2 KCS

    Click here for more updates:http://grabbxl.com to enjoy your free token.

    #freetoken #bounty #cryptotoken #free #token #grabbxl #cryptocurrency

    #blockchain

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