Airdrops — claiming forks with Magnum Wallet
What are airdrops?
Airdrops in the crypto space refer to free coins of different origin:
1. The ones that occur as a result of a fork.
2. Available for those that perform certain tasks provided by the issuer.
To avoid confusion, here at Magnum we distinguish between these two kinds of airdrops and call the second one bounties. They have their own section in the Magnum’s Dashboard.
What are forks?
Forks are blockchains that appeared as a result of a split of the original blockchain at the moment known as the snapshot block (or snapshot date). Notable examples of forks are Bitcoin Cash and Bitcoin SV.
Those who had held any of the original currency prior to the split have funds in each after a fork is created.
What do I need to claim forks?
There are two things to keep in mind while figuring out what can be claimed in an airdrop: when the airdrop occurred (or the time of the snapshot) and the number of coins a user had in their wallet at that time.
However, you don’t need to do that yourself with Magnum.
In order to access the funds, the user needs to provide their private key. So it can be very risky to claim a fork with the help of a third party, but also quite tricky to do it by yourself. Magnum offers a solution to this problem:
1. Your funds on the original blockchain remain secured by the private key.
2. It takes just one click to claim all forks, as Magnum can automatically check your account and suggest the ones that are still unclaimed.
How to claim forks with Magnum?
To get started, go on an official web site: https://app.magnumwallet.co
- IMPORT WALLETS
Import your wallet into Magnum. Remember that the amount of airdrop depends on the age of your wallet. So you can increase the chance of catching airdrops by importing all your wallets — EVEN those that have a zero balance right now but had a positive balance in the past
2. CHECK AIRDROPS
Find the banner which is depicted below on the Magnum’s Dashboard and click on “MORE INFO” to check available for you airdrops:
3. SELECT AVAILABLE
Select the forks you’d like to receive and click on “CLAIM AIRDROPS”
4. GET REWARDS
You will find newly created wallets with coins in the list of wallets
All in all, claiming airdrops with Magnum Wallet is very simple and takes virtually no time or effort on the part of the user.
Other ways to get free coins
We also support tokens with staking options such as Tezos and Callisto, as well as Komodo which gives a continuous reward to its stakeholders.
Skim through the following articles to find out more about these options:
As you can see, we do our best to give you the functionality to effortlessly earn extra coins. We will continue to add new features that satisfy the different needs of our users.
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