If you are looking to diversify your investment portfolio without leaving a significant dent in your pocket, an airdrop should be your starting point.
An airdrop is a marketing stunt which involves blockchain-based businesses distributing newly-minted tokens or coins en-masse to encourage adoption or to get the word out there.
With many projects popping up everyday and many others folding up every other day, it becomes quite a problem for investors looking to have significant holdings in different tokens. And even worse for individuals trading their fiat currencies for these coins.
To offset the possible outcome of investing in a product that might fold, you can participate in airdrops and get free coins, tokens, and NFTs in exchange for your social currency—i.e. sharing posts with your network or joining their communities on social media.
Still a little confused? We got you. Here is a primer with everything you need to know about Airdrops.
Table of Contents
Here are 5 best Airdrop sites:
1. CoinMarketCap
CoinMarketCap has made it easy for participants to find trustworthy airdrops to join. To take part in the airdrops hosted on CoinMarketCap, you must have an account with them and a wallet address.
You will be asked to perform some promotional tasks—usually sharing a tweet, following an account on social media, or joining a channel—and, when you’re done, you have to tender proof of participation.
If you are selected from the pool of participants, the wallet address provided will be credited.
CoinMarketCap provides a lot of useful metrics to help participants make economical decisions about taking part in the different airdrops hosted on their site.
A participant can easily view the number of other contenders for the Airdrop, the total amount slotted for distribution; the token’s real-time price, contract address, websites, and handles on social media platforms; and the number of winners that will be selected after the process.
One absolutely bonkers feature that CoinMarketCap has is that you can whitelist upcoming Airdrops and get an email when it goes live! Great, yeah?
In this way, you save time by making beneficial decisions based on the information provided. Although these tokens are vetted before being added to the platform, it does not hurt to do some researching by yourself.
2. Airdrop Alert
Airdrop Alert provides many ways to earn or participate in airdrops. There are many DeFi, NFT, and crypto airdrops listed on the website.
They do not host their own airdrops, but partner with blockchain-based project to market their projects. You can also participate in the featured and sponsored Airdrops which have received their stamp of approval.
A good way to get the latest news on their aidrops—both upcoming and live ones—is by subscribing to their newsletter. You can also stay up to date with the latest developments by following the official Airdrop Alert Telegram channel with 30.3k other subscribers or following their official Twitter account with 164k followers.
They have a rich archive of blog posts on their website and videos that you can watch to learn more about cryptocurrencies, NFTs, and DeFi. Their official YouTube channel is also a mine of information with videos of everything from definitions, to hacks, and much more.
3. Airdrops.io
Airdrops.io does not host its own airdrops and, although the airdrops are vetted before being posted, their disclaimer indemnifies them incase of any loss incurred by a participant.
However, blockchain-based companies looking to market their projects can list their airdrops on the platform. The tasks could involve actions geared towards marketing like following account or joining their publicity campaign.
A unique feature of this platform is that there is a special category for HODLER airdrops. This means that you can be rewarded for holding some coins or tokens.
4. Airdrop King
On Airdropking.io, airdrops can be filtered by value and this allows for better decision making. By using this feature, you can make economical decisions about your participation in the listed airdrops.
They have hundreds of airdrops listed and a separate category for Upcoming Airdrops.
You can keep up to date with the latest airdrops by subscribing to their newsletter and following them on social media.
5. Binance Airdrop
Binance Airdrop offers only exclusive and Hodler airdorps and this means that to participate, you have to deposit the featured cryptocurrency.
After depositing, you will get a fraction of your deposited amount back as a reward.
Conclusion
These are just a few platforms where you can get free airdrops in 2022.
Always perform due diligence before participating in airdrops.
One rule of thumb is that a legitimate airdrop would never ask you to drop your sensitive information.
If such a request comes up at any point in your interaction with an airdrop, your safest bet is to abandon it or verify it with well-known platforms in the industry.
You can also keep up to date with Airdrop news by following the respective communities on social media.
