What Are The Different Types of Crypto Airdrop?
A crypto airdrop is similar to receiving a small sample drink for first-time customers. In return, the company hopes that the customers enjoy the product and share their experiences with their social circle.
Bounty Airdrop
The term “Airdrop” refers to the distribution of digital assets to the public. In order to receive the free crypto airdrop, you will need to have an active wallet address on a particular blockchain. Since the intent of an airdrop is to generate attention and accelerate adoption, companies would usually require users to spread awareness in exchange for the airdropped tokens. Often, this involves doing a simple task such re-tweeting something about the project, sharing a Facebook post, or joining a Telegram group. This is a win-win situation for both parties. Users can make money, especially if the token’s value rises over time. On the other hand, the company could raise awareness for new users to familiarize themselves with the products. Furthermore, the company creates a much-needed buzz and generates more publicity with its announcement of a forthcoming airdrop.
Holder Airdrop
Other than seeking the promotion of their presence, companies may also organise airdrop events that are designated exclusively for people who have an established history with a particular project. The company wants to reward loyal users to ensure that they continue to subscribe to a particular blockchain platform. In order for a user to receive the airdropped tokens, the user must hold a minimum quantity of the asset at the time of the snapshot that is taken, as a view of the current state of the blockchain at that particular point in time. The term “Snapshot” refers to a recording of the state of a blockchain at a specific point in time. It records the contents of the entire blockchain ledger, which includes all existing addresses and their associated data. This way, the company would know who is eligible for the airdrop and the respective addresses to airdrop the tokens to.
Axie Infinity (AXS) Airdrop
Earlier this month, Axie Infinity launched a massive airdrop to its users, which contributed to its price increase of Axie Infinity token (AXS) to reach new record highs of $147. Axie Infinity is a blockchain-based gaming platform whose popularity has grown exponentially in 2021 following a boom in the play-to-earn (P2E) gaming model. The airdrop was intended at rewarding early adopters who engaged with the platform before October 26, 2020. 10,000 wallets were selected, and users received their share of the 800,000 AXS community airdrop. The amount of AXS distributed to each wallet is dependent on the level of engagement with the earlier Axie Infinity protocol. One of the most notable and active users on the Axie Infinity platform is a pseudonymous Twitter user going by the name of “axie44" who received 4905 Axie Infinity Tokens which is worth an estimate of $500,000.
Uniswap (UNI) Airdrop
In 2020, Uniswap, one of the world’s most popular decentralized exchanges, airdropped its native asset, UNI, to all wallets that had used its platform and performed at least one transaction prior to Sept.1, 2020. If you were eligible for the airdrop, you would have received 400 units of the base asset, UNI. During the event, most recipients quickly sold their airdropped tokens, and the prices of UNI fluctuated between $2 — $4. In contrast, the people who held on to their UNI were richly rewarded for their patience and loyalty. Now, the price of 1 UNI is valued at $25 as of October 2021. This means that the 400 free airdropped tokens are now worth an estimate of $10,000.
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