One of the numerous ways that people get to know and start participating in cryptocurrency is through airdrops. Usually, in anticipation in an airdrop, a lot of people are on the alert to get the necessary wallets ready and do the needful to ensure they benefit from the drops. Airdrops do not happen all the time but when they do, they can be a financial breakthrough for those who are lucky. If you are not fully cleared on what airdrops mean or how they can be beneficial to you, you’ve found yourself the right source to get your questions answered and doubts cleared. Read on!
Airdrops are a form of marketing strategy where new businesses in cryptocurrency give out tokens or coins en mass to wallet addresses for free in order to create awareness about a new digital currency and get as much people as possible to trade with the coin when it is listed as an ICO (initial coin exchange) for exchange. These free tokens can worth a lot of money by the time you exchange them.
Presales on the other hand are not usually as popular as airdrops. In reality, presale is the first activity that occurs with regards to the launching of a new token before airdrops occur. How it happen is that when the tokens are ready, they are put up for sale in exchange for other coins like Ethereum, Bitcoin or in exchange for cash. The price given is usually lower than what would be offered in the ICO in order to attract investors.
The aim of this is to get major investors to buy the coins so that during the ICO, people would have more confidence to buy it. However, at this point, there is a likelihood for the coin to experience a significant dump.
A dump is likely to occur if the initial investors in the coin decide to make their profit now and cash out by selling off their stocks out during the ICO. This flip in ownership by these sophisticated investors would be responsible for such dump and therefore, lead to the depreciation in value of the coin.
It is when this occurs that the token owners use airdrops to try gain back their value and increase awareness about the coin.
You can participate easily in an Airdrops when you visit the Quantum AI. You will find the necessary information regarding the airdrop and cryptocurrency in general.
How To Participate In Airdrops
First things first, in order to participate in airdrops, you have to upgrade yourself from the level of hearing about it from a friend while it has occurred or is currently going on to the level where you are prepared for it before it comes. How? You may wonder. You can get first hand information about airdrops and presales by frequenting websites and some reliable social media platforms that track airdrops and give information about them on a regular basis.
Depending on the business dropping the coin, you might be required to have a particular amount of cryptocurrency, particularly Bitcoin or Ethereum. Some do not need this requirement but may require you to share the post on your social media and have people register through your referral links in order to get extra tokens.
It is important to note that not all airdrops are real investment options. Some of them are scam, some do not last and you might end up less than you were before they came. Hence, it is important to take precautionary steps and carefully select which to participate in.
Conclusion
Airdrops and presales are one of the coolest ways in invest in cryptocurrency and yield profitable returns. Nonetheless, it is necessary to look before leaping into any one of them because there are also a lot of scammers within.
