Ever wonder how come some people (especially top market influencers) get some coins before their presale or even listed in exchanges. Well the answer is crypto airdrop. Crypto airdrops are usually done by the creators of a particular Blockchain or crypto as a way of informing the market of the presence of a new token.

Just like rain droplets from the sky (air) falling to the ground (drop), an airdrop is suppose to reach everyone that satisfied the stipulated conditions for such airdrops.  And that is the simple thing that differentiate it from an ICO (initial coin offering)

What are crypto airdrops

What is crypto airdrop

A “crypto airdrop” is a way for a cryptocurrency project to market itself by giving away free coins or tokens to people who are interested. People in the community get free money or tokens in exchange for doing very simple things, like joining a Telegram group or following the project on social media or most times retweeting the project so it gains more popular.

The tasks associated with airdrop are just that helps the project but in the case of an ICO, the coin or token is sold for a flat rate to investors before it is been sold on exchanges.

Some projects also give out rewards in form of a particular token/coin that is already existing. Kindly note that this can not be regarded as an airdrop, an example is sweatwalk/sweatcoin app.

But why should the owner of the coin offer you some of the coin for free when they plan to later sell it ?

Crypto airdrop is not the same as crypto mining

The reason for crypto airdrop

The owners of the coin or Blockchain may not want to pay enormous fees for advertising as this may not even get to right customers they are target. So they just simple do a crypto airdrop and mostly likely gain attraction and attention from potential investors.

Since the price of the coin has to be connected to what the token has in liquidity, some of it has to go into the market to prove that the project is truly worth investing into before it can be valued at a price and sold.

Risks associated with crypto airdrops

People often weigh the benefits of taking part in cryptocurrency airdrops against the risks they pose. By taking part in airdrops, you can learn about interesting new projects, learn more about the industry as a whole, and even get free coins or tokens. But there are risks to doing this. Some coin airdrops may be scams or not have a good way to make money, so the free coins they give away may never be worth anything.

Also, if you want to take part in an airdrop, you might have to give out personal information like your email or social media account information. Spammers could buy this information and use it to do bad things.

With the computerization of everything these days a malware/virus can be injected into anything even a Blockchain, this was the case some several months ago when some attackers clone a metamusk airdrop project and all the people who fell for it and received the airdrops into their wallets had their wallets wiped off their hard earned tokens.

Things You Must Do Before Investing In Any Cryptocurrency or crypto airdrop scheme

So basically another thing about airdrops is proper research and greed management, greed is the biggest enemy of wealth in the crypto arena, you could lose all what you have laboured for because of two seconds of extreme greed.

So, how can you tell if a cryptocurrency airdrop is a scam? Here are some signs that something is wrong:

How do you know a malicious or fake crypto airdrop

To take part in a real airdrop, you won’t have to pay any money. You can be sure that any “airdrop” that wants money from you is a scam. Just as we earlier said, crypto airdrop is different from ICO, if the owners call it an airdrop and are demanding for money or collateral assets, that’s it buddy…..it is a scam.

Impersonal communication: Scammers may use emails sent to a large number of people or messages on social media that are not personalized. If the messages from the airdrop project seem cold or like spam, that should be a red flag. Most crypto airdrops are usually promoted on social media like telegram and Twitter, a direct mail to you should be in form of a reward that you have already participated in. If the mail looks phishy or don’t recall participating in any activities related to the mail, it is best you treat it as spam.

Lack of information: Don’t trust an airdrop unless you know who is behind it, what their goals are, and how the money will be spent. If the project doesn’t directly address these problems, it’s probably a scam.

We don’t have anything to sell: Any reputable airdrop project will give many examples of how its token or cryptocurrency can be used. If the project doesn’t have a product or service that can be sold, it is a scam.

Before taking part in an airdrop or linking your wallet with it, it is always a safe practice to do an etherscan and know who are the real people behind the project. Another safe practice is to create a separate wallet for airdrops and monitor them from that wallet until when that have come to satisfactory limelight and you feel safer about them.

To sum up, taking part in crypto airdrops can be a fun and potentially profitable way to learn about new businesses and get free coins. But you have to be very careful and do a lot of research to avoid being taken in by con artists. Keep an eye out for projects that are open, offer a service or good that can be sold, and give each person their own way to get in touch.

How do you get airdrops

We @ticktalker are on a way of bringing some of the latest airdrops being offered by existing and new blockchains, but while that is yet to become established you can follow these procedures for getting airdrops.

Telegram groups are know mostly for airdrops, if you join some bunch of crypto related groups on telegram, you can filter the ones that best supply you with information you need.

Slack and discord are mostly used for more advanced project and developers and even promoters.

Twitter is also very common for airdrops.

Popular crypto market places also do have lists of airdrops you can partake in.

Conclusion

Always refer to the above steps and guidelines so you don’t fall prey of malicious or fake airdrops. And always control your greed.

NFT have become a big fuzz in the crypto arena making a big chunk of liquidity for crypto and of late, the legendary CR7 NFT is coming to binance nft market space. The football legend has been working closely with binance to develop his own NFT and now it is finally getting down with the world cup still on the way.

Incase you haven’t read our article about NFT’s I highly suggest you click this link and do so.

Sample of CR7

What Are NFT’s

Non-fungible tokens are a new trend in the cryptocurrency business that is spreading to hundreds of other fields as new ways to use the tokens are found.

But if you come up with new ideas but don’t get the word out, it’s like trying to sell a diamond that is in a chest buried in the sand. The same is true for NFTs, which need to use good marketing and advertising to let their target customers know they exist and what they can do for them. To help you promote your NFT project, we’ve put together a list of the seven ways that have worked best so far.

Some Factors To Consider Before Pushing NFT’s into the market

Any good advertising campaign needs to start with a thorough analysis of the product being advertised and the different ways it can be spread. To get started, the project team will have to look into NFT markets that already exist and look at the many fees and terms that come with them.

Volume and liquidity are two of the most important ways to tell if a market is worth your time. Second, there are the transaction costs, which can now range from 2.5% to 15%. This makes it much harder for a business to make money. Now it’s up to you to decide how well the platform generally meets your needs. In an ideal marketplace, both customers and people who make things should have access to a wide range of useful tools and features.

The Binance NFT Marketplace is another option for people who want to be a part of the growing crypto community and help build up the infrastructure that supports it. They have many choices, and this market is just one of them. With Binance NFT, producers can make as much money as they want without having to worry about platform fees, which are a record-low 1%.

Legendary footballer set to go live on Binance NFT

Whitelisting Of NFT’s

In the next NFT release, only a small number of people will be able to use the new features. Some projects may give whitelisted users free NFTs and other exclusive content, while others may give whitelisted users access to presale events at a discount. The NFT initiative changes the whitelist offer in a big way.

Also, different projects have different requirements for getting on a whitelist. Some projects may require a certain number of tasks to be done or a certain amount of the corresponding asset to be kept in a user’s wallet. There is no set way to get on a whitelist, and some projects may give you early access just for being an active member of the community and taking part in events and discussions.

Putting an end to the gas wars

Whitelisting isn’t needed for public NFT purchases, but if a lot of people try to buy at the same time, transaction fees could get too high to be worth it. The term “gas wars” refers to what happens when people try to get their transactions approved first, which drives up gas prices.”

Whitelist Registration

Whitelist registration, on the other hand, limits the creation of NFTs to a list of approved wallet addresses before the token is made public. So, there is less chance that network congestion and gas battles will make the public sale less interesting.

Whitelists, which set rules for when NFTs can be mined, can help people avoid gas problems. This is another powerful way that whitelists use to get around problems with gas. Remember that the price of gas will change depending on how much activity there is on the blockchain network as a whole. Outside factors and the results of previous minting sales can affect whitelist sales. If there is a lot of demand to be added to the whitelist, there will be more interest in the release, the project, and possible future releases. This is a good way to build on the idea of a whitelist for NFT projects.

CR7 NFT Collection Set To Live Exclusively On Binance NFT Marketplace

The CR7 NFT collection — available exclusively on Binance NFT — will be the first of a series of drops featuring the football legend Cristiano Ronaldo.

Ronaldo has undoubtedly redefined the game of football as we know it, his legacy — trophies and awards, mind-bending goals, personal and team records — touching every aspect of the sport. Now, the five-time Ballon D’or winner has his eyes set on the NFT arena.

Since binance initial announcement of the groundbreaking multi-year partnership between Binance and CR7 ,we’ve been working closely with Ronaldo to craft a first-of-its-kind experience, one that will change the NFT game forever.

Where Can Fans Get The CR7 NFT

We know fans have been eagerly awaiting his NFT debut. Starting this week, you’ll get a sneak peek at what we’ve been working on, and more surprises on what’s coming next.

The CR7 NFT will only be exclusively available on Binance. No further info regarding whitelisting has been provided, but binance has slated Friday for the launching of the NFT.

Who is the god of football

CR7 NFT Is Coming To Binance NFT Marketplace

Ronaldo once had an interview with Messi in which Messi said that the God of football sent him to teach wannabe players how to play football and Ronaldo interjected by saying he didn’t recall sending anybody unanimously making he figurative set himself as the God of football.