Innovation through Collaboration
Projects need funding. Blockchains are similar to crowd sourcing. New coins are created from a mother blockchain to crowd source new projects or innovations.
New coins or 'alt' coins (alternative bitcoin coins) are given a persona. They join the family of altcoins on the exchange competing for visibility or liquidity. They are looking for buyers or investors to fund the project behind the coin.
An airdrop is a digital marketing strategy to gain awareness for the new project being funded by the creation of this new coin. The airdrop is used to promote the coin to investors in the crypto marketplace. By depositing free coins or "tokens" directly into the digital wallets of members who join their blockchain community, investors are having a "grand-opening" to promote the product or service of this new project.
An airdrop is a promotional strategy that aims to build a strong foundation of investors (the blockchain community) to ensure the viability of the current project and the potential for future projects.
The new 'alt' coin which is company trademark of the product or service, also becomes a new brand of altcoin in the Bitcoin family on the exchange. It has a strong community , a good reputation for stability and liquidity (cash flow) which makes this new altcoin a good investment for future earning potential.
An airdrop is a marketing strategy to gain widespread visibility and recognition to build a following that will help generate leads for new investors.
Thereby, the new coin monetizes their presence on the cryptocurrency exchange for future development and investments in 'sister' projects.
The original altcoins at the onset of Bitcoin have become a foundation in the crypto marketplace. Today, 'alternative bitcoin' coins make up more than 60% of the marketplace value.
Why Free Airdrops?
Due to the risk-taking which is inherent in all new business ventures, giving away free coins in airdrops is one way to cloak the 'risk' and promote the 'potential'. This is why it is so important that you research and investigate the blockchain itself, the investors promoting the airdrops, the legitimacy of the project, the securities funding the blockchain, and so forth.
Start Building Your Crypto Portfolio: Entry-level Insights
An airdrop is a popular way for distributing free tokens in exchange for joining communities, participating in social media campaigns, or simply for holding certain cryptocurrencies in your wallet. Acquiring free tokens is a great way to build a diversified Bitcoin portfolio and boost the earning potential from participating in online activities other than multi-tasking and clicking for crypto.
These free tokens are usually distributed through airdrops or reward platforms. However acquiring free tokens isn't as simple as 'an airdrop'; a strategic approach is required in order to secure a profit. It is important to understand that these free tokens represent startup companies that are in the stage of 'incubation'. The incubation stage of a new project usually spans from six months up to a year. During this time you need to monitor the market value of the token on the exchange in order to make informed decisions about buying, selling, trading, or holding these free tokens in order to secure a profit.
It is during this 'incubation process' that the startup company undergoes the five stages of product development which include: brainstorming and ideation; research and idea screening; concept development; prototype and evaluation; and lastly, product and 'iteration'. This final stage of iteration involves anything and everything (designing, testing, analyzing) that goes into refining the finished or polished product to be promoted worldwide. This is why free tokens require participants to monitor their performance closely which are usually more volatile than other alternative coins on the exchange. Much like the companies these free tokens represent, these tokens require monitoring and nurturing during the incubation period of six to twelve months. It's good to add free tokens to your portfolio, but monitor the market trends closely, the performance of these free tokens wisely before investing money in a range of tokens as a long-term investment.
The promise of potential earning in Free tokens is similar to the promise of free money in PTC programs in that both involve hidden costs and risks that require participants to actively monitor performance to avoid financial loss, and to use strategy to nurture the earning potential.
How to Get Free Tokens: Entry-level Insights
Firstly, you should start by exploring blockchain projects and crypto platforms that offer airdrop or token giveaways to users. By registering for airdrop events and completing specified tasks, such as sharing posts or referring friends, you are able to gain free tokens while engaging with exciting blockchain projects.
Secondly, when you have accumulated a substantial amount of free tokens, you can start managing them effectively (buying, selling, trading, holding) to maximize their potential to boost earnings in your crypto portfolio. Remember to stay informed about market trends and about the development of the new project itself. Nurturing or growing your crypto portfolio with free tokens requires closely monitoring the market value of the tokens in order to invest wisely.
Building a successful crypto portfolio on the exchange involves more than acquiring free tokens. Airdrops offer the opportunity to receive free tokens and strategically manage them on the exchange to build wealth in the dynamic world of cryptocurrencies. However you should become educated about blockchain technology, and the best way to achieve this critical education is by using the tutorials on crypto exchanges which usually offer more free tokens as an incentive learning reward. Secondly, by taking advantage of the collective wisdom of the crypto communities located in forums, social media groups, and further educational resources to stay up-to-date about new projects trending, prospective new projects on the crypto horizon, and to enhance your investment strategies.