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Board Beginners & Help
Re: What is Airdrop?
by
HabBear
on 22/02/2018, 20:16:06 UTC
All of the comments quoted below are wrong - these are not what airdops are!

A true airdrop will not require you to do anything, except perhaps registering an Ethereum address to receive the tokens (some airdrops may be new coins or based on NEO, WAVES or other platforms).

Some ICO projects doing airdrop campaign before launch their ICO. That mens they are giving their tokens for free. We have do simple tasks for participate the airdrop like follow twitter, Retweet, Join telegram group etc.

It's a giveaway of coins for being a part of the group or doing small tasks. You can look for them on announcement threads.

Airdrop can be the best way to get some free tokens from the community by doing simple tasks.
I currently participate in DeepOnion airdrops before they do full-fledged launch

This comment from MintDice (below) is the only correct answer thus far.

A​ ​crypto airdrop​ ​is​ ​when​ ​a​ ​blockchain project distribute​s ​free​ ​tokens or​ ​coins ​to​ ​the​ crypto ​community and to be​ ​a​ ​recipient​, usually​ ​the​ ​only​ ​requirement​ ​is​ ​that​ ​you​ ​have​ ​coins from the relevant blockchain stored​ ​in​ ​your​ ​wallet. You can also get free coins from a faucet.

Cheers!

An airdrop is...
  • ALWAYS associated with a hard fork attempt
  • The release of a new coin by way of a hard fork, the forking coin needs to giveaway an amount of their coin equal to what wallets hold of the target coin (the one being forked),
     and to do this they grant owners of the target coin the new coin at a specific date and time, seemingly out of thin air...thus "airdrop"

An airdop is not...
  • A bounty campaign
  • Given for doing work, e.g., performed to promote a new token release, community tasks, registration, etc.

The confusion is driven from a lot of the bounty campaigns out there - campaigns give out coins as compensation, income, for promoting the coins. And people who are new to Bitcoin and participate in these campaigns confuse the compensation that they are getting with the term "airdrop"...and then spread the incorrect use of the term.

And if you don't want to take my word for it, here's a source:

Quote from: Wikipedia entry for Airdrop (cryptocurrency)
An airdrop for a cryptocurrency is a procedure of distributing tokens by awarding them to existing holders of a particular blockchain currency.