What is a Crypto Airdrop?An airdrop is simply a way for cryptocurrency projects to promote themselves and increase brand awareness through the distribution of their native coins. In order to incentivize participants, they are usually required to complete certain social media tasks before they are eligible for the airdrop.
Can you make money from AirDrops?
Absolutely! Sometimes the amounts given away by the founders of a currency can be substantial, sometomes as high as $10, $20, $100 or even more. And if enough people use your referral code to sign up, the airdrop award can be many times that. And if the coin soars moon-wards after launch, you may end up with a substantial amount of currency for just a few minutes of your time.
What is the difference between an Airdrop and a Bounty?
An airdrop is when a startup gives away tokens or coins to generate a fast distribution of their project as well as to raise awareness. Bounties are projects, jobs, and tasks offered by developers of a token, a coin and or a blockchain.