Crypto Airdrops and Bounties

Airdrops differ from company to company, but they are usually very easy to earn and Cryptocurrency can often fall from the sky just for taking part. Often airdrops start at the launch of a product for example a cryptocurrency token launch.

Here are some large Cryptocurrency coin companies that launched airdrops in the past

In the good old days, quality airdrops were automatic. A perfect example was back in 2017 anyone holding Ethereum cryptocurrency automatically had OMG tokens airdropped into their Ethereum wallets for free.

A bounty is very similar to an airdrop but it often requires a user to complete a few quick tasks and in return, they receive a few Cryptocurrency tokens. For this reason, they nearly always pay out more than an airdrop.

However, with automatic airdrops being a rarer event in post-2017/2018 you are now expected to have to earn most (not all) of your airdrops/bounties.

Airdrop hunters may be asked to perform quick tasks in return for a few free tokens. Testing a new Cryptocurrency or Blockchain platform may be rewarded with some free coins. Complete a task, a job, or campaign successfully and you receive a reward.

Usually, these are very simple to complete and they are designed for anyone to take part. Some more advanced bounties may involve coding and obviously pay more. An example of this was Coinbase paying out a $30,000 reward for a single bug bounty.

A simple bounty campaign may require

Summary

Today to receive an airdrop you might be required to perform a few social media tasks. Join a Telegram channel, watch a video or follow a project on Twitter.

One final word of warning when participating in a bounty or airdrop. Do not give anyone your private keys and never EVER pay to take part, they are always free so you make money not spend it! Please stay safe out there.