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What is Airdrop? Does free crypto exist?
Currently, over 4,000 cryptocurrencies are listed on over 7,500 special exchanges (so-called cryptocurrencies). Most (not all) are based on different varieties of blockchain technology. Quotations can be seen across many fiat currencies. They form so-called pairs.
A lot of all cryptocurrencies have been created in the last 11 years. The competition on the market is therefore very high. The creators of the new "Coins" use various methods to attract users. One of them is airdrop.
People like to get free stuff. It's just human nature. It is no different among the cryptocurrency community. So there are ways to get digital money without having to spend your own money on it. However, is there such a thing as free crypto?
What is airdrop?
Airdrop means drop. During World War II, this term was understood as the landing of troops. In the 21st century, however, it is strongly associated with cryptocurrencies, which gave it a slightly different meaning.
Cryptocurrency "AIRDROP" is the distribution of a certain number of coins or tokens to a certain number of users. The crypto drop takes place directly to the wallets of the event participants.
So what? Free cryptocurrencies, right? Not completely. Just like in life, nothing is for free. Airdrop is simply a marketing maneuver. It involves sending funds to promote a new cryptocurrency. It is often associated with the fulfillment of several basic requirements, such as signing up for a newsletter, setting up an account on a specific exchange, or liking brand profiles on social media. However, it is still not a big cost to earn coins without spending your own fiats or other cryptocurrencies.
Nevertheless, airdrops are not an altruistic gesture of the creators of the new currency. They are designed to bring the team behind the crypto specific promotion and other marketing benefits.
It should also be remembered that airdrops are not only run by the creators of new cryptocurrencies. Often this step is taken by new exchanges, wallets or applications that have their native token and can use it to promote new activities.
The well-known UNISWAP distributed to its users 400 UNI TOKENS, where the price even reached $20 for 1 UNI. Sometimes it is worth being patient and keeping cryptocurrencies, and selling at a favorable price for us and enjoying a large earnings.
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GOLDMONEY is a a Protocol that unifies leading BSC protocols and blockchain infrastructure by standardising communication between them to create and execute complex financial transactions, while championing Privacy, Anonymity and Sovereignty.
