Hello All Steemians !!!
On this occasion, I will try to take a class at Steemit Crypto Academy. I am interested in joining this class because there are many new lessons that I will get here. I will do homework task from professor @wahyunahrul. Lesson discussion about Airdrop - Giveaway In Cryptocurrency. Lets try...
What do you think about Airdrop in cryptocurrency?
In my opinion, Airdrop is an activity and a symbiotic mutualism that involves every person or community related to cryptocurrency. In this case, cryptocurrencies that are given or distributed for free can only be used directly by participants who want to get a cryptocurrency asset. This is a good thing and beneficial for many parties. Unlike the organizers, this activity is intended to provide an introduction and promotion to many people who have entered the cryptocurrency world in order to develop the initial stages.
Of course there are and will happen everywhere, an activity that involves organizers and participants must have rules and regulations that must be followed. It aims to provide comfort and benefit for each party. In Airdrop activities, participants will usually be directed to register, hold cryptocurrency, and participate in promoting it. All of this provides benefits for each party and can be called a symbiotic mutualism. Because all involved such as organizers, development teams, investors, asset holders and participants. But here it takes extra analysis and caution to avoid fake or fraudulent Airdrops.
How can we know about an Airdrop event so that we can participate?
In the world of cryptocurrencies, the involvement and use of various things via digital is the most important which plays a major role in running the system in various sectors. This is also included in the Airdrop activity. This is an event for the promotion and introduction of cryptocurrency to all parties in the market. Organizers will definitely share information on various social media such as websites related to cryptocurrency, forums, exchanges, facebook, telegram, twitter, instagram, reddit, and advertisements.
I have references about information related to Airdrops, Usually I see and monitor updated information about Airdrops on the coinmarketcap website. This can be proven by visiting https://coinmarketcap.com/airdrop/. Here I can get information related to Airdrop and its development. In addition, the use and development of other social media can also be useful for Airdrop information because now everyone has and uses it.
Where are Airdrop events often held?
The most held Airdrop activities are on websites related to cryptocurrencies. This is usually the case for CoinMarketCap and CoinGecko. It is meant to reach everyone who is in the cryptocurrency world. Here the organizer can attract investors and traders to participate and develop it. Usually Airdrops can be obtained in various types such as Standard Airdrops, Bounty Airdrops, Holder Airdrops, and Exclusive Airdrops.
Cryptocurrency exchange platforms are also a frequent venue for Airdrop activities. This is because it can directly involve investors and traders who already have an account and often use it for continuous profit. Here the approach can be done intensely and effectively. Furthermore, social media that is often used by everyone to communicate such as telegram is often used as a place for Airdrop activities. This is intended to invite one party and another party so that it becomes a wide communication chain.
Are all Airdrop events free from scams? Otherwise, how can we avoid the scam?
In this case Airdrop fraud is an important point that must be guarded and considered with extra care and precision. In the world of cryptocurrencies, there are many proven and fraudsters who use various means for profit and personal gain. Here fraudsters can carry out and create fake Airdrop activities that make participants such as investors and traders experience losses. The most important thing that must be used as a reference is the level of truth and reputation of the Airdrop activity.
There are so many ways and strategies that we can use to avoid fraudulent Airdrops. The most important thing to look at is the source of the information. It is expected that the information must be clear, valid, and reliable. Then we can do a fundamental analysis of everything related to Airdrop activities such as project background, track record, developers, goals, prospects, and regulations. We can do all of this with perseverance and high self-confidence.
Have you ever participated in a cryptocurrency Airdrop event? If so, then explain. Meanwhile, if you have never participated but have heard of the Airdrop event, then explain it.
I have never participated in any airdrop event. However, I have heard and seen information and news about Airdrop circulating among my friends. The airdrop I've heard is the NFTify (N1) coin Airdrop in collaboration with coinmarketcap on July 14, 2021. Among young people and gamers, NFT tokens are familiar to talk about. This is because NFT tokens are synonymous with many games that are often played and used by gamers to make the game more interesting.
The NFTify development team has announced and informed the public that they will allow all users to register on the registration form. Users are directed to pre-test the NFTify platform when it officially launches. This airdrop activity will last about 2 weeks. During this process, users can enjoy ️free store setup, zero transaction fees when registering NFT on N1, and rewards for constructive feedback after pre-testing NFTify. The NFTify development team will award AirDrop in the form of 250,000 N1 tokens to 1000 winners.
Give and explain an example of an Airdrop event that has passed and the airdrop was successful. Then give one more example that has been proven to be a fraud
The Airdrop that I know is successful is the UNI token. It is a cryptocurrency created by a decentralized exchange called Uniswap. Last year 2020, Uniswap held an Airdrop activity by providing UNI tokens for free for all application users. The requirements are very easy where each user has at least made a minimum of one transaction. The UNI Tokens awarded to matched and eligible users amount to 400 tokens. When the Airdrop activity was carried out, the price was $2. As of now 2021, UNI token price reaches $15-20. This is a very good success.
The Airdrop that I know fake is FCH token which was proven to be a scam. FCH token issued and popularized by the Freecoinhunt.com site. They shared various information about the Airdrop in 2019. The requirements to participate in the Airdrop activity were very easy, where participants were only directed to become members and complete other files. Participants are notified that they will get a certain number of FCH tokens, but they are temporarily frozen in their respective accounts. A few months later the scam had occurred. This is evidenced by the fact that the site is no longer accessible and all participants dis not get FCH tokens.
Look for an example of ongoing Airdrop events, make an analysis that proves that the Airdrop of your choice is good
I visited https://coinmarketcap.com/airdrop/ to see some of the ongoing Airdrops. Here I see and get Airdrop KCCPAD is the best Airdrop from several other airdrop lists. A total of 4.2M KCCPAD are available which will be Airdropped for 2000 selected winners. Until now the participants in this event have reached 292,346 participants. Based on the number of participants, it can be seen that this Airdrop has bigger partcipants than the winners who will be selected. The enthusiasm and interest of investors and traders has proven to be very large. In addition, the number of KCCPAD that has been airdropped is very large.
Based on fundamental analysis, KCCPAD is ranked 2753 in the cryptocurrency market list. The trading price for today is $0.04406. The market cap is $1,108,696. Volume in the last 24 hours was $690,448. The circulation amounted to 10,000,000 coins out of a total supply of 1,000,000,000 coins. KCCPAD official website is https://kccpad.io/. All of this analysis data proves and indicates that this is a very good Airdrop and is suitable as an investment asset.
Explain the steps to participate in the Airdrop of your choice
There are several steps that participants must follow to take part in the Airdrop activity. After we know the information and carefully analyze an airdrop, then we can participate by following the rules and regulations made by the organizers. The steps are very easy and simple, such as:
- Visited the airdrop site on https://coinmarketcap.com/airdrop/. Select the Airdrop that we want to follow. Here I am following the KCCPAD coin Airdrop. On the left side of the screen there are ways on how to participate. On the right side of the screen we can directly log in to participate.
Next we can fill in the Email address and Password to Log In and continue the next step.
source There are various requirements that we must comply with and run, such as: Add KCCPAD to watchlist, Join CoinMarketCapAnnoucement telegram channel, Join KCCPAD_Official telegram channel, Follow CoinMarketCap twitter account, Follow KCCPAD_Official twitter account, and fill in Binance Smart Chain Wallet Address. Then we can join the Airdrop.
source
Conclusion
Airdrop is a cryptocurrency promotion event aimed at investors and traders who have been involved and involved in the cryptocurrency world. This is something that is equally beneficial for the organizers and participants. This is a symbiotic mutualism. Many Airdrops are successful and suitable to be investment assets until now. However, participating in the Airdrop requires extra analysis and caution to prevent losses if there is a scam. This is a criminal act that has entered the world of cryptocurrencies and harms many people. We can get information and news about the development of Airdrops on trusted sites and those related to cryptocurrencies.