For the interest of crypto enthusiasts, we’ll be deliberating on the keynotes to take while hunting Airdrops on the internet.
The idea or strategy of airdrop introduction in the crypto market isn’t just for the free money (giveaway) idea, but for the purpose of creating awareness, get more holders, secure community trust, get the interest of traders, and potential investors.
Project development teams who usually adopt the method of airdropping certain percentage of their asset (tokens or coins) must as well attach strategies to avoid dump or rugpull after distribution of the giveaway.
The reality that will keep reoccurring in the cryptocurrency industry is that every year, there will likely be a distributed crypto airdrop that turned most of the participants into millionaires, and fetched others good amount of funds.
Though we won’t shy away from the fact that majority of crypto projects do fail after distribution of their Airdrop, and this has made upcoming ones to adopt stringent methods to avoid such occurrence.
A dive into the trending SweatCoin ($SWEAT) accumulated Airdrop on their mobile app, only 10% was released to everyone, and you will be getting 3.8% every month until 2024. This is to tame price crash which will negatively impact their roadmap if 100% is released to over 13 million active users of the SWEAT Wallet.
As a crypto enthusiast, whenever you participate in an ongoing Airdrop event organized by any project, firstly read up their Frequently Asked Questions (FAQs) page, proceed with checking their WhitePaper and other related information, then join their official social media communities (Telegram, Discord, Twitter) and monitor how they roll-out their plans.
More so, while hunting for crypto airdrops, endeavor to not just be a reader and participant, but a fast learner. New strategic moves will continue to be unveiled regularly on the market, so be observant.