Airdropers.club

Frequently Asked Questions


What are crypto Airdrops?

Many crypto projects are distributing free coins(tokens) to their communities to attract attention, increase its visibility, circulating supply and stimulate trade.
These campaigns(free distributions) are also known as "Airdrop", "Bounty", "Giveaway" or "Holder".

As usual Airdrops are performed before the introduction of a new crypto currency and ICO(Initial Coin Offering). Sometimes it takes weeks or months to get the coins(tokens) from an Airdrop.

All Campaigns have its rules and conditions on which they distribute rewards. After coins or tokens being distributed, they can be traded on the different crypto exchanges.

To join airdrops or other type of campaigns, you need to do some preparations and get knowledge about how things work. For more information see the Beginner’s Guide

What's the difference between Airdrop, Bounty, Giveaway and Holder?

Airdrop refers to the free distribution of small amounts of virtual currency tokens or coins to its community members either for free or for performing small tasks.

Bounties are lists of repeatable tasks that most anyone can partake in and receive tokens. Tasks usually include actions to generate community growth, like joining the telegram channel, retweeting content, liking on facebook and so on.

Giveaway refers to the free distribution tokens or coins to its community members.

Holder means that you need to have a defined token or coins at a certain time, so-called snapshot, in your wallet to receive reward.

What is KYC?

KYC (Know Your Customer) is the process of verifying the identity, along with the potential risks of illegal intentions towards the business relationship.

What is ICO (Initial Coin Offering)?

When a cryptocurrency startup firm wants to raise money through an Initial Coin Offering (ICO), it usually creates a plan on a whitepaper which describes what the project is about, what need(s) the project will fulfill upon completion, how much money is needed to undertake the venture, how much of the tokens the pioneers of the project will keep for themselves, what type of money is accepted, and how long the campaign will run for.
During the ICO campaign, enthusiasts and supporters of initiative buy some of the distributed cryptocoins with fiat or crypto currency.

What is Token?

Token is a unit of account designed to represent a digital balance sheet in an asset, in other words, serving as a substitute for securities in the digital world.

There are three type of tokens:

Currency tokens
Tokens can be classified as currencies if they were created entirely as a means of payment for goods or services external to the platform running the token.

Utility tokens
These digital assets are built to provide investors with something other than a means of payment. This typically comes in the form of access to a particular product or platform.

For example, some cryptocurrency exchanges have issued their own native cryptocurrencies for customers to use to reduce trading fees.

Investment/asset tokens
Assets that promise a positive return on their investment.Such returns are usually distributed by the platform itself or the company that created it.

What is Cryptocurrency Exchange?

A Cryptocurrency Exchange is a business that allows customers to trade cryptocurrencies and digital currencies for other assets, such as fiat money or other digital currencies.
A cryptocurrency exchange can be a market maker that typically takes the transaction commission for it's service.

When do I get my airdrop tokens?

Sometimes it takes weeks or months to get the coins(tokens) from Campaign, because airdrop campaigns mostly take place before the ICO and the tokens (coins) will be distributed after the main sale.

Where can i sell my tokens?

Tokens and coins can be traded on cryptocurrency exchanges.

Nowadays there are lots of cryptocurrency exchanges exist on Internet.

Be careful when choosing crypto exchanges and try to look for most reputable ones.

Some of with good reputation is listed below:

Binance

Binance

Launched as recently as late 2017. Allows users to trade hundrers of cryptocurrencies. In less than two years of trading, Binance has become one of the largest cryptocurrency exchanges in the industry.

CEX

CEX

Established in 2013 as the first cloud mining provider and later in 2015 has become a multi-functional cryptocurrency exchange.
Supports fiat withdrawals via MasterCard and Visa cards.

P2PB2B

P2PB2B

P2PB2B is a centralized cryptocurrency exchange located in Estonia.
Was founded in 2018 and offers cryptocurrency trading with more than 750 trading pairs.

KuCoin

KuCoin

KuCoin is a third party exchange that allows you to buy, sell and trade lots of 250+ different cryptocurrencies.
Launched in May 2017.

DDEX

DDEX

DDEX is the Ethereum decentralized exchange offering real-time order matching with secure on-chain settlement.

Hotbit

Hotbit

Hotbit is a relatively new cryptocurrency exchange (was launched in January 2018).
Hotbit offers trading in many very unusual cryptocurrencies.