What are cryptocurrency airdrops?

Cryptocurrency airdrops are aptly named in reference to physical airdrops using aircraft. Airdrops using aircraft entail the delivery of resources (such as weapons, food, or medicine) that physically drop out of the sky.

Are airdrops a good idea?

By rewarding token owners with free airdrops, projects can also encourage users to hold (HODL) their coin for the long-term. This can effectively lower the selling pressure of the coin. Holder airdrops have been a popular tactic amongst some of the most successful crypto projects, like NXT, WAVES, Bitcore and more. How do I claim airdrops?

How do you airdrop Ethereum coins?

This is pretty simple. As most airdrops happen on the Ethereum network as ERC-20 tokens, simply set up a new address on the likes of MetaMask or MyEtherWallet to receive airdrops. This will also enable you to separate that “house money” from coins you’ve actually paid for.

How much AU did the Auroracoin airdrop get?

Therefore, the entire AUR airdrop went to Icelandic citizens, who could receive a total of 31.8 AUR per individual. Many airdrops also followed in the years after the Auroracoin airdrop, including those of slightly more well-known cryptocurrencies.