Who wouldn’t like to have absolutely free tokens of startups, which may potentially become in demand in the market. So it would be great if you could earn on them without spending a penny. Does it not sound quite believable? Do not worry, we want to reassure you, this is really a common practice, which benefits both ordinary users and organizers of ICO startups.
In this article we will take a closer look at what the airdrop and bounty campaigns are, what you need to get cryptocurrency for free and why it is beneficial for all parties.
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- Free distribution of tokens, what is it and who benefits from it?
- Free tokens during an ICO bounty
- Free tokens during an airdrop
- What do I need to do to get free tokens?
“Advertising is the engine of progress.” Little-known projects, the purpose of which is to attract new users, are happy to distribute their tokens for performing certain tasks. Getting popularity, creating your own community is the key to the success of any startup. ICO requires huge amounts of money on advertising which can be using completely different ways. Methods of promoting companies with the initial coin offering are numerous, we will not review all of them today. Let’s analyze two of the most effective ones, namely:
ICO bounty is a loyalty program that is conducted by new startups to popularize their currency. Developers go to such steps in order to find people for delegating certain tasks. ICO bounty is currently conducted by an absolute majority of projects that wish to release their own product. This method of promotion helps to collect a certain amount of money for a full-scale launch.
They have identical conditions for everybody willing, as well as a strict deadline. The development team can announce bounty either before the fundraising starts or directly in the process.
Airdrop is the second most popular method of attracting new users to startups. During an airdrop, the development team provides free tokens absolutely for everyone, for this you just need to register in the project and make a couple more clicks of the mouse. For developers such advertising is shareware, if the project succeeds, then participants will be able to sell their tokens on the exchange. The “word of mouth” spreads information about the project from user to user.
In order to earn on airdrops, you must have a minimum set of tools:
- active account on Bitcointalk;
- accounts in social networks (Facebook, Twitter, Telegram, etc.)
- ETH wallet
Now let’s take a closer look at what actions need to be taken in order to obtain free cryptocurrency. You can earn a much larger number of tokens on bounty projects, but there isa lot of work to be done there:
- translation of texts into different languages in order for the project to enter different markets;
- keeping branches at specialized forums;
- creating a unique design;
- active PR project using different tools.
Bounty payments are usually made only after the end of the campaign. The number of tokens credited is directly proportional to the volume of work performed.
Earning during an airdrop will require a minimum amount of time, but you need to understand that the payments for this will be corresponding. You will need to:
- register on the startup resource;
- subscribe to the official pages of the project (Facebook, Twitter, Telegram, etc.);
- make reposts in social networks;
- pass a short survey and enter your correct contact details and ETH wallet number.
Anyone can receive free coins, it is necessary to perform certain actions for this. The final earnings directly depend on the complexity and time spent. If you simply register or make a repost in social networks, you can hardly count on a significant number of coins.
There have been cases when people participated in truly revolutionary projects that changed the cryptocurrency industry, without even knowing it. Thus, their tokens have grown in price by hundreds or even thousands of times over several years. For example, having earned 1000 ETH in 2014 for actively participating in the development of the project, it would now be possible to exchange them for half a million dollars, and if sold at the peak in the January of 2018, this amount would be three times more.
Earnings on bounty and airdrops are possible, but require careful selection of smart projects that can become profitable and bring profit in the future.
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