Airdrop and bounty - what are they?
The rapid development of the cryptocurrency market has led to the fact that their number is steadily approaching the 2000 mark. And if everyone at least has heard about bitcoins, ethers and other altcoins, then no one knows anything about some Gold Bits Coin, which is at 1500+ positions, except its developers.
So how do potentially promising and not so young cryptocurrencies make a name for themselves?
To do this, developers resort to giving away a certain number of their tokens for free. This kind of "freebie" is called in the cryptocurrency community eirdrop и Bounty.
What is an airdrop?
The name "airdrop" comes from the English word Airdrop, which translates as airdrop. This term stands for the very thing, the free distribution of some cryptocurrency by developers to almost anyone who wants it.
In return, developers can most often ask you:
- register on their website;
- become a member of their Telegram channel;
- repost about cryptocurrency on Facebook or Twitter;
- fill out a simple questionnaire or simply specify your ether-purse,
- etc.
In most cases, everything is limited to the usual registration on the developers' site.
The Airdrop method is effective and simple. It is a cheap way for developers to advertise their cryptocurrency, and users who receive tokens can sell them after some time on cryptocurrency exchanges.
Note a very important point. Eirdrop is at 100% a FREE token giveaway.
If you are asked to send any, even the smallest amount, or even provide a private key to your purse under any pretext, then be sure that you are in the clutches of fraudsters.
What is a bounty?
Bounty in the digital realm is not a chocolate bar with coconut, but an airdrop-like distribution of tokens. The name of this method comes from the English word bountywhich means "generosity".
The main difference between bounty and Airdrop is that here the cryptocurrency is a reward for some work done.
As a rule, this work is related to social networks - likes, comments, reposts, etc. The more tasks you complete, the more generous developers will "send" you their cryptocurrency.
Like airdrop, bounty is a completely free distribution of crypto, so everything about some kind of payment and private keys is true for this method, just like for airdrop.
What is the difference between Bounty and AirDrop?
For a better understanding, let's highlight the most significant differences between the airdrop and bounty programs:
- when participating in eirdrop cryptocurrency will come to your wallet, as a rule, within 5-10 minutes after the developers' request (registration, etc.). Bounty payments come much longer, about 2-3 weeks;
- eirdrop requires minimal effort - register and that's pretty much it. For the bounty, more often than not, you will need to have a sufficiently active account in certain social networks, and just the presence of certain abilities;
- The payouts in Airdrop are very small, which is not surprising given the effort and time involved. In the bounty the payout is somewhat higher.
Participation in Airdrop and Bounty
The requirements to participate in both programs are slightly different. If for airdrop - this is the bare minimum, the level of earnings in the bounty programs will depend on how promoted and active your account is. Therefore, it is best to have a bounty:
- an account on the bitcointalk forum, preferably Member level or higher;
- Facebook and Twitter accounts, preferably with a large number of followers;
- your own blog or website about cryptocurrency, where you can post the necessary materials;
- English proficiency at least at the elementary level for communication and assignments.
How much money can I make on airdrop and bounty?
As a matter of fact, for earning within the framework of an airdrop or bounty, desire is the most important condition. This kind of earning, in principle, is available to everyone.
No one will tell you the exact amount of your possible profit in dollars. You will be able to find it out only after you have cryptocurrencies the market price will appear.
By actively participating in such programs, be prepared for the fact that your wallets will contain a variety of cryptocurrencies with different prospects for the future - some tokens may "shoot" and some will not get on the market.
The project can fail and you get nothing as a result. Some tokens will increase in value dozens of times in a few days, and some "hang on" at a price of a few cents for a long time.
Receiving cryptocurrency as a result of airdrop or bounty, Don't be in a hurry to sell it! It is quite possible that after some time its value will increase considerably.
In addition, it is possible to take part in several Airdrop projects in parallel - it can be more profitable than trying only one bounty. That's why most users choose to participate in Airdrop, there are even whole groups and communities of Airdrop hunters.
Participation in the Bounty and AirDrop programs is a good way to earn extra money without requiring any material investment. These programs appear on the market quite often, so if you want, you can always make money on them.