Airdrops, these “free” marketing cryptocurrency distributions, suffered the collapse of prices and the number of ICOs between 2018 and 2019. However, despite a certain weariness, the phenomenon seems to have adapted to changes in the cryptocurrency sector … In a previous article, Master Rakoon had explained to you what an airdrop was. Let’s see together today how these have evolved from 2017 to today, but also if it is possible to find profitable airdrops.
The innocence of the beginnings
Ah, 2017… His $ 20,000 bitcoin, his green candles, his countless ICOs, and… his airdrops! It seems distant that time when we could receive every day in our wallet and without much effort new cryptos.
Throughout 2018, cryptocurrency projects were multiplying and, to buzz, settle, be adopted, offered to their audience, under the guise of relatively simple tasks to perform, free “samples”. It was enough, for example, to subscribe to a channel Telegram, share their referral link, or retweet an announcement from the creators of this or that cryptocurrency to collect a few units.
For the user, aidrop is a good way to accumulate cryptos without breaking the bank, or even to make excellent gains (the airdrop of DECRED, for example, reached in 2016 the tidy sum… of $ 32,500!).
For creators, it was an effective way to spread the word about their cryptocurrency projects and federate a community.
But here, between 2018 and 2019, as the bear market settled comfortably on our charts, a sharp decrease in projects, as well that a certain weariness, began to make themselves felt, both among airdrops recipients and among creators of cryptos.
The party is over
For users, who are more and more obliged to get involved and reveal whole areas of their digital life (Facebook, Twitter profiles, even KYC) to grab a few tokens that sometimes don’t even arrive and whose value tends more often to 0, the game is no longer worth the candle anymore.
And for creators, faced with the hijacking of their airdrops by bots and other groups of scammers, as well as with the dump of the price of their token once the distribution is done, The cup is full.
However, with the decrease in the number of airdrops, and the appearance of better supervision, more established players have taken over the process. As the dust from the 2018 crash fell, the few who were still standing turned out to be – like always – the most solid.
The beginning of a new era for airdrops?
So Coinbase who, at the end of 2018, bought Earn.com (most of whose tasks, paid in bitcoins, consisted of registering for airdrops), made it a pedagogical and educational process: Coinbase Earn. We already told you about Coinbase Earn in a previous article.
Indeed, it is now possible to learn about different cryptocurrencies (Tezos, Orchid, Eos…) While receiving units. What better way to learn cryptocurrencies than to acquire them and be able to manipulate them?
Blockchain.com has also launched its own airdrop distribution process.
The equation is obvious: these exchanges, by offering free cryptos, are paid by the creators, but above all increase their client base.
What’s more, since the entire airdrop is no longer distributed all at once but over a certain period, crypto no longer dumps brutally after its distribution.
For creators of cryptocurrencies, the advantage is immense: the notoriety of exchanges and their pool of registered members make the operation ultra-profitable. Currencies settle and, by multiplying their number of informed users, consolidate and strengthen their adoption.
Safer and also often more profitable, this new generation of airdrops has settled into the fold of the big crypto players who are now well established.
For small airdrops, times are tough – but it is the price to pay for never having really known how to concretize and maintain a project above a valuation which is more often than not equal … to zero.
Professionalization of the sector
The era of airdrops hunters, ready to devote a considerable amount of time to participate in hundreds of airdrop is over. The blame for the proliferation of scams and the number of stillborn projects.
Some players, however, are trying to perpetuate use by proposing to assume, in place of the Airdrop-Hunters, the tedious procedures for participating in these operations, while guaranteeing the payment of a minimum number of airdrop each month, in return for purchasing a subscription.
This is precisely what the well-known site offers Airdrop Alert. In return for a subscription monthly and cancellable At all times, the site uses its power in the ecosystem to provide its community with a minimum number of airdrops each month. Various levels of subscriptions make it possible to multiply the amount of airdrops.
The monthly subscription begins from 14.99 dollars and guarantees to its subscriber the reception of at least 4 airdrops per month, without the slightest effort.
More than airdrops in the traditional sense of the term, it is actually a redistribution by Airdrop Alert of tokens and cryptocurrencies offered to him by the projects. Undeniable advantage: the corners thus obtained are rather in the “top of the basket”. So, token distributions like OmiseGo or Silent Notary have already been organized in recent months.
Note that the airdrops offered are all standard ERC-20 (Ethereum), and therefore requires a suitable wallet (MyEtherWallet, MetaMask…).
In summary, a perhaps interesting way of effortlessly fill your wallet, for a low-cost subscription, all in the hope that one or the other of these airdrops may hold a nice surprise for the future.
Ultimately, the airdrop therefore remains a good way to earn cryptocurrencies without seeing its fiduciary savings melt and therefore in a less painful way in the event of loss of capital. Free distributions continue, albeit more spaced out, but also more seriously. Even governments have started it! Like Venezuela, which has distributed Petros for its citizens for Christmas 2019.
However, the real test will take place at the next bull run: with the proliferation of cryptocurrency projects and soaring prices, will we live a new golden age of “serious and mature” airdrops? Or will we be beset once again by insane worthless projects? Only the future will tell us…
Bitcoin, cryptocurrency and Blockchain influencer and popularizer. My goal: to make these complex concepts accessible with passion on a daily basis on my networks.