Cryptoship Airdrops - Free Coins For Everyone

Airdropping is a marketing technique for distributing tokens for new blockchain projects. To be effective it requires building a community, so Airdrop leads to bounty hunters competing for prize money at the same time as signaling their support and interest in a project.

In short, a cryptoship is any crypto asset used as a central point for giveaways. Which means that it's not necessary to have a blockchain wallet or even an account on the platform in order to receive airdrops nowadays. These airdrops are meant to draw attention of people to their brand new or upcoming projects. Airdrops are usually advertised via the company's website and social media channels, while recipients can earn coins or tokens by doing a task (e.g., posting about the currency on a forum, chatting with a staff member, writing a blog etc.)

The main types of crypto airdrops are

1. Standard Airdrops - New users are sometimes given free tokens for subscribing to a newsletter or similar incentive.

2. Bounty Airdrops - To receive airdropped tokens from bounty campaigns, users must complete simple tasks, such as re-tweeting about the project, posting on Instagram, or joining a Telegram group.

3. Exclusive Airdrops - This type of the airdrop is for existing users, who have previously participated in a project or campaign.

4. Holder Airdrop - Airdrops from these platforms can be automatic and require no action on the part of the holder other than to store the tokens in a personal wallet for some time period.

Legit Airdrops: However, not all airdrops are genuine. Some are actually pump-and-dump schemes by the owners of the initial cryptocurrency, who artificially inflate the value of their currency to make a quick buck. Legitimate crypto airdrops never ask for money.

Their intent is to promote their cryptocurrency. Scammers are often looking to scam users into making "donations" by sending micro amounts of Bitcoin or other cryptocurrencies to unsuspecting victims. When you receive an unsolicited deposit into your crypto wallet, make sure it’s legitimate.

Unsolicited deposits are a common tactic used by scammers seeking capital investment in their cryptocurrency. Value of the Airdrops – Zero or Hero? Airdrops are given away for free to holders of cryptocurrencies. Don’t expect to get rich overnight.

Crypto airdrops don’t have much value when they are initially distributed. However, in the past, some big projects’ airdrops have been profitable enough to make their holders rich.

Airdrops in the past: Some of the notable crypto airdrops that occurred in the past are listed below:

1. Crypto Punks

2. Pancake Swap

3. BNB Bunnies

4. Rarible

5. ENS Airdrop - ENS airdropped 25 million ENS tokens to all those who had previously bought a domain name using the “.eth” extension (the tokens might be seen being used on social media as well).