What is a Cryptocurrency airdrop? Simply put, an airdrop is an automatic distribution of a Cryptocurrency token or coin, generally for free, from one wallet address to many different wallet addresses. Airdrop systems are used mainly as a means of attracting new users and encouraging interest, leading to a larger user base and broader dispersion of tokens. With greater freedom given to the general public, more traders can take part and potentially reap significant benefits by trading in this growing market. There are multiple ways in which airdrop systems can be implemented and used effectively.
Automatic distribution of tokens via email, SMS, or direct deposit has been commonplace for several years now. All of these methods work well except for the use of email. Exchanging passwords and other sensitive information for access to wallets and access codes that give access to the wallets themselves has become insecure over time. This weakness is addressed by new schemes like the Zerodium technology that allows for two-factor authentication, one of which being required to gain entrance to the wallets. The need for security has resulted in the evolution of new proposals, such as that used by the NxWallet.
A Cryptocurrency airdrop requires a different solution. There is an industry based on distributing free coins for marketing and promotions. This business is made up of businesses that deal in virtual currency and wallet addresses. These businesses provide a virtual currency “burner address” that can be accessed by a wide range of browsers. With access to this service, it is possible to transfer any amount of virtual currencies from anywhere in the world.
Most businesses that deal with these tokens are looking to create awareness of the advantages of using these new methods of payment and distribution. A lot of people are becoming curious about how this new method of transfer is working. By exchanging one coin for another, it becomes possible to make a profit. Some of the most popular ways of providing this service are the following:
Telegram – A popular messaging platform that provides users with a service called “Telegram Stealth”, which allows users to transact without displaying the transaction process to the receiver. For instance, if you are sending 1 cryptocoin to your friend, then the message will appear to them as they are not the one who sent the currency, but they are the one who is receiving it. If you are sending a public message to the network, the person whom you are sending it to will also receive the message as well. Both transactions go through the Telegraextractor service.
ethernet (ethereal) – An example of a Cryptocurrency Airdrop provider that uses a traditional Ethernet network. When you send an ethernet token, you are transferring the token from your wallet to the recipient’s wallet. The network that is being used for this transaction is open to anyone who signs up for the service. There are a few more examples of what is cryptocurrency airdrop networks that use traditional Ethernet networks.
Multipool – This is an example of how an average user can use their computer to participate in the marketplace. By running a multi-wallet server, you can have multiple wallets at once. This is very similar to ShapeShifting, except it allows you to change your private keys whenever you want. In the ShapeShifting case, you only get your change when you want to, while in the Multi-wallet server you don’t have to. You are also able to make changes to your balance and settings in the future, even if you’re not around your computer. A lot of these same characteristics are true of most of the other coins that are out there, and so ShapeShifting is definitely one of the most popular and most well rounded of the currencies that are out there right now.
Overall, there are several different types of Cryptocurrency Airdrop programs out there. Which one you choose is really going to depend on what you’re looking to do with your token. If you’re just in it to win some money, then you probably want to go with a free token provider such as ShapeShifting or Electrum. These providers will send you airdrops periodically based on their algorithms and guarantees that they will distribute the free tokens to the addresses that you specify. If you’re looking to use your money to enter the Cryptocurrency marketplace in some fashion, then you should definitely see what MonaVie can do for you!
TradingGator is a trading review website where you can read about everything from CFD signals to the best European forex brokers. Find the top trading platforms and courses to become lazer sharp in your execution. We even cover the best forex affiliate programs and show you step-by-step how to get started. TradingGator - For Traders, By Traders!