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FAQ

A crypto airdrop is one of the main marketing strategies for every cryptocurrency project, in order to attract investors. Tokens are distributed to participants in exchange for learning more about the project and potentially investing in it down the line.

A big part of the crypto airdrops that we present are “bounty” drops, which will reward their participants with tokens for completing some social media tasks (Joining their Telegram group, reposting/follow on Twitter, Like on Facebook, Follow on Medium etc.).

By making a token airdrop, a startup can create mass awareness about their project, token sale or pre-ICO with a minimum cost. Social media campaigns allow the project to become visible to people who would otherwise never recognize its existence. Crypto Airdrops can also create a vast network of users who are motivated to push a project’s success by doing things together like winning community votings for exchange listings.

Another reason, is to generate a database. Organizations tend to pay a lot of attention in generating data that will help them drive their marketing campaigns. Crypto Airdrops can be used to generate valuable lead databases for the organization. In exchange for free cryptocurrency tokens, users will be asked to complete online forms that will contain some valuable user informations which it can be used to develop marketing strategies.

As mentioned above many crypto airdrops that are presented are “bounty” drops, that will reward their members for completing some social media tasks. So everything you’ll need if you want to participate is a :

  • Facebook profile : many crypto airdrops will ask to like their page / comment on a post / share their campaign or share their last posts. It depends, but definitely a Facebook account is necessary.
  • Twitter profile : another social media account needed is a Twitter. In most of cases 8 out 10 crypto airdrops will have some tasks that will ask to re-tweet / tweet or re-tweet + like and tag your friends in the comment section. Although it doesn’t matter because it’s easy to complete.
  • Telegram : the Telegram account is a must. Every crypto airdrop will have a community gathered on a telegram channel. There is no other app they will use because. Every task from a crypto airdrop will ask to join their telegram and some of them may ask to leave a constructive comment in order to see how informed you are about their project.
  • ETH Wallet : The ETH  wallet, also known as an ERC20 address, is the receiving address of an Ethereum wallet. Without it you can’t receive your tokens. The address starts with “0x” and is followed by a series of 40 random characters.

There are many other tasks that will imply other social-media accounts like : Medium, LinkedIn, GitHub, Instagram, Reddit in which you can create your account instantly with a google sign-in and some of them you will need to create account, but these 3 are a must because every company will have these social media account, in which they will communicate with their public.

A big part of crypto airdrops are distributed after the completion of the ICO, some of them may have an exact date when it will be the distribution. Sometimes, bounties are distributed weeks or months after an ICO has ended, so if you have any questions about a specific thing about the airdrop you participate, you should try contacting one of the Admins in their Telegram group.

Admins can be found by looking at the group members and finding the ones with the “admin” badge next to their names or in some cases you can find them on a pinned message on the top of page.

There are many exchange sites in which you can sell your tokens from a crypto airdrop. For example : Binance, KuCoin, BitMex. Etc. For any other further informations in how do you sell your tokens can be find here https://www.airdropdaddy.com/exchange-reviews

MyEtherWallet is the most convenient Ether wallet which is capable of smart contracts. Although it’s no surprise that most people use it to store their tokens acquired via ICOs. It is an online wallet, but it also provides offline and hardware wallet support, meaning that users can generate wallet keys for a variety of Ethereum storage solutions. That makes it a great all-around solution for everyone interested in investing in ICO.

Here’s how to set it up.

1. Go to www.myetherwallet.com.

You will be greeted by some safety reminders and option to create a new wallet.

2.Create a password.

Use a combination of letters, numbers and symbols to make it as strong as possible. Write it down then, click “Create New Wallet.”

3.Download and store your keystore file.

After putting your password you’ll have to download your keystore. Just do it for security reasons. As you know, there can never be too much safety precautions in cryptocurrency trading. Store your keystore file in a secure location and click continue.

4.Save your private key.

It may look just like a string of symbols, but this is your private key and its safety is of critical importance. Make sure to back it up and keep it safe. Remember, there is no way to retrieve your forgotten or lost private key and password, therefore, take all necessary safety measures suggested by the page.

5.Use your private key or keystore file to open your wallet.

There are many ways to unlock your wallet, but to keep it simple let’s stick with the files we just got — private key and keystore file. Select and paste your private key or upload the keystore file to unlock your wallet.

6.Congratulations, you’ve just opened your fully functional Ethereum wallet.

Next time you want to access it, go to www.myetherwallet.com, click “View Wallet Info” in the top right corner and authorize yourself again.

All is left now is to load your wallet up with some Ether.

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