Thread by @zignaly

(1/13) #Cryptocurrency entails various key essential notions such as what #CryptoAirdrops are, their types, functionality, and the pros and cons of crypto airdrops. 🌟🧵
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(2/13) #Tokens or money are distributed to #wallet addresses as marketing in a #bitcoin #airdrop. Small quantities of the new virtual #currency are distributed or traded for a minor favour, such as retweeting a message from the corporation that produced it. 🎟️💵

(3/13) Participants who are interested in receiving an #airdrop signal their willingness to do so in a normal #bitcoin airdrop. To obtain it, they must submit a verified wallet address. 👛✅

(4/13) Users earn rewarded #airdrops when they meet certain criteria. Receiving referral #incentives for bringing in new users, such as new subscribers, as well as perks for engaging in social media and promoting initiatives, are examples of #rewards. 🎁🎉

(5/13) #HolderAirdrop differs from previous #airdrops in that it occurs automatically based on who and how many token holders there are. 🔢

(6/13) Holder airdrops have the disadvantage that token holders may not desire an airdrop because all #blockchain users have complete #transparency. 💎

(7/13) In comparison to Holder #airdrop users, #ExclusiveAirdrop users are chosen based on additional quantitative variables such as the quantity of social media postings, the length of time, and the amount of money contributed to the #project. 💯📈

(8/13) #RaffleAirdrop indicates that the users' hobbies, social media involvement, or even earning coins, as previously noted, all have a possibility of being rewarded by the #RaffleAirdrop. 🎁🥳

(9/13) It is critical first to ascertain who the intended receivers of the #airdrop are. Following that, a public campaign is started to collect data from prospective customers, and a #snapshot is taken to outline the conditions and requirements for the airdrops. 📸

(10/13) Once the list of recipients is determined, #smartcontracts are commonly used to conduct airdrops, and the #transaction block is typically made public to demonstrate the equity of the airdrop. 💵

(11/12) Scammers may acquire access to customers' wallets since most airdrop scams lead them to link their wallets. Furthermore, some #airdrop scams may demand consumers to pay, for example, to buy #NFTs in order to be #rewarded with an airdrop. 🦹‍♂️🕵

(12/13) #Airdrops have several advantages. Project #stakeholders are rewarded. The project is being promoted because of greater awareness, and these #projects have users that are more adaptable to new tokens. 💯🔥

(13/13) However, the downsides must also be weighed. #Scammers can gain access to wallets using #airdrop scams. People with varied token distribution preferences may be dissatisfied. #Tokens may fail to owe to a lack of liquidity in the market. 🚀💥📈