Lately, there has been a lot of talk on whether crypto airdrops actually hold value for individuals who decide to join them. A crypto airdrop is a part of a marketing campaign applied by crypto companies in order to increase the awareness of their blockchain project. As a result, companies offer for free a certain amount of tokens to individuals, usually requesting nothing as an exchange or a small promotional action.
The digital coins or tokens offered for free to wallet holders usually equal to a relatively small amount of money. But this is not the occasion in many situations since those tokens might increase in value. In addition, individuals that claim crypto airdrops participate in a lot of them. So the reward might be small but when someone does it many times the crypto assets are going to accumulate in something big.
So, can you make money from crypto airdrops?
Yes. The more times a wallet holder participates on crypto airdrops, the more free tokens he is going to receive. Additionally, if the value of those tokens increased the tokens are going to be an amazing crypto asset!
The purpose of this article is to go through the pros and cons that crypto airdrops hide for wallet holders. In case you want a complete guide about crypto airdrops click here. Also you can discover the latest airdrop opportunities by clicking in this article.
Advantages of crypto airdrops
Generally, the benefits offered from airdrops are multiple since investors can enjoy from free token rewards to learning a lot about state-of-the-art crypto projects. Individuals can access plenty of interesting projects in a crypto airdrop platform. The first and most popular crypto airdrop platform is Airdrop Alert in which wallet holders can discover the latest legit airdrop opportunities.
You receive free crypto coins
Let’s start with the most obvious benefit offered by crypto airdrops which is the free distribution of digital coins or tokens. Airdrops are part of a marketing campaign applied by web 3 companies. So it makes perfect sense to provide some crypto assets to wallet holders with no strings attached. Blockchain companies from their side can benefit because airdrops can increase their visibility and their project awareness.
The price of airdrop coins can increase
Crypto airdrops are applied by companies in the primary stage of their project. That means that crypto holders have the opportunity to gain crypto assets even before the project launches.
A lot of those blockchain projects proved to be innovative and reliable. As a result their price can rise and those who received the airdrop rewards are among the early birds.
So, from this point of view claiming crypto airdrops is a way of investing without even the need to deposit money in the first place.
Individuals might be part of an amazing project
A lot of crypto projects that offer airdrops end up to be great crypto environments. A lot of those environments are using Proof of Stake (PoF) as their consensus mechanism. Subsequently, individuals have the opportunity to stake their cryptocurrencies. In addition, holding crypto in a Proof of Stake environment gives you the privilege to earn more tokens through staking.
Some other crypto environments give the right to token holders to participate in voting procedures about the project’s future decisions. That means that if someone receives crypto airdrops and the project is actually valuable, the airdrop holder will have many more benefits than just earning some free tokens.
Learning
One more reason why crypto airdrops are worth it, is because when participating in different crypto projects you expose yourself to different innovative crypto ideas. A lot of them may be successful and many others will not. In any case, participating in crypto airdrops is going to be an informative experience which will help individuals better understand the crypto world.
Make profit
Crypto airdrops might not pay individuals big money but this doesn’t mean the value of tokens received is low. On the contrary, the vast majority of crypto companies offer a decent amount of tokens. For instance, there are companies that offer tokens with a value of 300 or even 400 Euros.
That amount of money may not be enough to make someone rich, but there are a lot of crypto holders that participate in as many crypto airdrops as they can and end up earning a nice income. The good news is that new crypto airdrops are constantly launching so all you need to do is to stay informed about the latest airdrop opportunities.
The best way to stay updated is to become a member of a crypto airdrop platform. The most popular crypto airdrop platform is the Airdrop Alert. Alternatively, individuals can find upcoming airdrops through renowned social media platforms such as Facebook or Reddit.
The drawbacks that airdrops hide
Crypto airdrops have some shortcomings too. For starters, you should always be aware that there is the possibility of getting tricked by “promising” projects that actually are scams. Additionally, there is also the possibility to participate in a new crypto project which eventually proved to be a failure. In this case this might end up to be a waste of time.
Be careful for scams
The idea of giving away free tokens attracts a lot of scams. In consequence, individuals should always check twice whether the crypto airdrop is legit or not. Legit airdrops should have a nice website and a quality white paper. You should always remember that legit companies are not going to ask you for money or your private key. In addition, consulting a crypto airdrop platform could be a nice tip to stay away from malicious acts.
Time consuming
Participating in crypto airdrops might end up being a waste of your time. This happens because an individual might participate in many crypto airdrops that finally proved to be failures.
However even in this situation individuals have something to gain and this is a more broad knowledge of the blockchain industry.
Finally, are crypto airdrops worth it?
A lot of people are wondering whether or not you can make money from cryptos. The answer is positive since there are a lot of people that actually make profit. As a result, the benefits from airdrops are enough in order to get involved in such a procedure. Last but not least, you should always be careful about crypto scams and frauds.
Are crypto airdrops worth it – image source: Quote Inspector
