About EOS and EOS Airdrops

About EOS and EOS Airdrops

By ChristineAR | EOS-Airdrops | 25 May 2019


1. What is EOS?

EOS is a blockchain platform for the dapps - development of decentralized applications, empowered by EOS as its native cryptocurrency.

EOS provides services set that resemble an operating system and functions that can be used by the dapps participants. EOS focuses on the perfection platform by adopting the most notable features of familiar smart contract technologies that we have encountered in the cryptocurrency world. For instance, ones can make use of Adequate Bitcoin security and Ethereum computing support in EOS. EOS community members can build an application on EOS. So, it is not exaggerating to slate this as the decentralized operating system.

The EOS native cryptocurrency is the EOS coins that are claimed on server resources. The developer of the apps will need the EOS coins to use the EOS blockchain. However, the coins will not be spent on the server resources. They need to prove that they hold the coins as the key to access the server resources.

Servers will host the OS and procure the blocks. That means the servers since they host the EOS apps, will attain block rewards in return. The dapps in the OS are open to interacting with each other. But the communication will be safe and secure, thanks to the firewall in the applications.

As we expect from the apps, these will uphold the standard functions such as database, user interfaces, event processing, time-based processing, user and password, and so on.

The developers can also produce blockchain apps that the end-users can make use of.

2. What is EOS Airdrop?

Airdrop in cryptocurrencies world defines the distribution of the tokens or coins within the platform participants. These participants can be the users or the investors, or both. They can attain the free tokens after finishing a few steps issued by the creators of the platforms.

For those who have been involved in the world of cryptocurrencies, they often analogize the airdrop as giveaways because the tokens or coins are grabbable for free. This has been booming because it is easy and straightforward to earn free tokens or coins. In typical cases, the participants would need to finish a few simple tasks like sharing the content on social media, testing websites, posting threads on the forum, and many more. These online activities, once accomplished, will grant the participants with free tokens or coins. 

EOS is a decentralized application platform which allows the members to make the cryptographic tokens. There is already a significant number of projects that have offered their free tokens on EOS blockchain. EOS airdrops offer free tokens distributed within the EOS holders.

To be able to receive the air drops, the users should own an EOS wallet. Depending on the airdrops terms, the free tokens can be delivered directly to the EOS wallets, without registration. But some projects require the recipients to register at the project’s official site. Some also require a minimum balance of EOS wallet to receive free tokens or coins.

The EOS drops can be promising in the future. The free tokens probably have no value at first. But when the platform gains popularity, their value can increase. And when they do, you could make some fortune from it.

 

3. How to open EOS wallet?

 

First things first, you will need an EOS Account. EOS account is a pivotal role which will allow you to perform actions in the EOS platform such as sending or receiving tokens, staking, as well as voting.

 

Each EOS account will be connected to a public key and private key. These keys are the safety measure which grant you as the sole holder of your account. The public key will be visible by all the users using your network. Meanwhile, private keys are kept for you only.

 

Before creating an EOS account, you will need to create a key pair that consists of the public key and private key.

 

You could create the key pair through a tool named Scatter.

 

Here is how you create the key pair

 

  • Download and install Scatter desktop from its official site
  • Open Scatter and setup the password for your scatter account
  • Create the mnemonic phrase (for Scatter backups)
  • Then go to Scatter Homepage anc choose Vault-New-Create New.
  • Scatter will generate new key pair that you can rname.
  • See the public key by clicking on “Show Public Keys”.

 

After receiving the key pair, you will want to proceed in creating EOS Account.

 

There are actually many ways to create an EOS account. But we recommend you to use EOS Lynx app if you want to use EOS platform from your iOS or Android device. EOS Lynx is also available for Windows PC. Consider to read the instructions in the official site of EOS Lynx.

 

Presuming that you already created EOS account through EOS Lynx, the service gives you a private key. You will need to copy the private key on to Scatter so that you can use your EOS account.

 

So, the steps will be like these:

 

  • Copy the private key
  • Open Scatter Desktop.
  • Choose vault-new-import-text , and paste the private key
  • Scatter will load the EOSIO account which linked to that key pair.
  • That’s it!

 

Your EOS Account is usable on Scatter. From it, you can interact with the DAPPS.

How do you rate this article?


0

0

ChristineAR
ChristineAR

Crypto Airdrop lover :)


EOS-Airdrops
EOS-Airdrops

EOS airdrops by AirdropRating.io - For EOS holders

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.