What is a Cryptocurrency Airdrop?

From this article you will learn about cryptocurrency airdrop, its kinds and how to get it
14 February 2018   1805

What is a cryptocurrency airdrop?

A​ ​crypto airdrop​ ​is​ ​when​ ​a​ ​blockchain project distributes ​free​ ​tokens or​ ​coins ​to​ ​the​ crypto ​community.

To​ ​get ​airdrop often​ ​the​ ​only​ ​requirement​ ​is​ ​that​ ​you​ ​have​ ​coins from the relevant blockchain stored​ ​in​ ​your​ ​wallet. Examples of this format of airdrops are Byteball, Stellar lumens, and OmiseGo. These airdrops required to prove you were the owner of Bitcoin or Ethereum at a certain time (snapshot) of the blockchain. 

Airdrops can be delivered in a variety of ways: 

  • Forks (e.g. Bitcoin Cash, Bitcoin Diamond),
  • ICO purchases (e.g. Raiden Network),
  • Freebies (e.g. Binance gifting customers with 500 free TRX).

Sometimes an airdrop will occur if a team behind the blockchain project decides to give away “free” tokens to the cryptocurrency community.

​At​ ​a​ ​pre-announced​ ​time​ ​the​ ​project​ ​behind the​ ​event​ ​will​ ​take​ ​a​ ​”snapshot” ​of​ ​the​ ​blockchain,​ ​​anyone​ ​holding​ ​Ethereum or Bitcoin​ ​at​ ​that​ ​point​ ​will​ ​receive​ ​a certain number​ ​of​ ​free​ ​tokens or coins.​ ​This can also be done on other blockchains, but Ethereum and Bitcoin are the most used for this airdrop format.

Why do Airdrops Occur?

Why does this happen, and why would anyone decide to give away valuable tokens? First of all, with doing an airdrop the project creates awareness about their ICO or token. It brings people to the project that otherwise would not have owned or heard about it. It could lead to token price appreciation since people value a token they own higher then a token they don't own. 

A crypto airdrop is advertising. When you look at coinmarketcap just on page one you will see 100 coins, but if you have or had a coin that name is still in your brain. The seed is planted and whenever you check coinmarketcap and scroll down, the name of the free e-Coin will jump out and people will check how it is doing. Although, a crypto airdrop would create a community of people who own the tokens. 

What Wallets Do I Need?

Usually, airdrops occur on the Ethereum or Bitcoin blockchain and all you need is an account on an exchange. However, those in charge of the airdrop will sometimes state a specific wallet that’s needed such as an “ERC20 non-exchange wallet”(a wallet that isn’t located on exchange sites such Binance or Coinbase). One of the reputable non-exchange wallet is Exodus. 

An ERC-20 wallet simply means any wallet that supports the Ethereum blockchain system. Some tokens follow Bitcoin protocol, some follow Ethereum, etc. Therefore, it’s important to have a wallet that allows you to store ERC-20 tokens if that’s what the airdrop guidelines call for. MyEtherWallet is a popular ERC-20 wallet.

Where can I find information about new airdrops?

There are many websites and twitters that post about new crypto airdrops. However many of them mostly post referral links from which they get paid if you join. That's why Hype Codes team is constantly updating the list of the most interesting cryptocurrency airdrops on such criteria as relevant date and the difficulty of obtaining.

In this article you can find relevant information about the active cryptocurrency airdrops and how to get them.

Top Ongoing ICO 23rd - 29th September

Check these cool new ICOs: Modex, Coin Analyst, eLYQD, BitNautic, Pool of Stake, Tachain and Solidfied
23 September 2018   158

Every week we find a large number of projects which are holding Initial Coin Offerings in order to be able to bring their incredible ideas to life. There are a lot of news regarding ICO and cryptocurrency, and we do our best to report about the updates released, or the crypto conferences held all over the world. And now it’s time to look at the ICO market! In a list below you will find our reviews of the projects we consider worth looking at this week. As you already know, Hype.Codes team is working hard to deliver all top-notch ICO news!

Current list for quick navigation Modex, Coin Analyst, eLYQD, BitNautic, Pool of StakeTachain, Solidfield

Ongoing ICO

Don’t forget to read to the bottom and take part in our poll about upcoming ICOs.

1. Modex

Hype.Codes rate  92

Modex has built a Smart Contract Marketplace and a Blockchain Developer Tools Platform. Modex aims to become the go to place for developers looking to monetize their blockchain programming skills and increase their revenue, as well as companies in need of blockchain development services and ready-to-buy smart contracts.

Vote for this ICO

Sales dates: Sep 15th - 25th
Accepted currencies. Various
Cap 10577066 USD
Website and Whitepaper 

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2. Coin Analyst 

Hype.Codes rate  90

CoinAnalyst is an information and analysis platform for all cryptocurrencies and ICOs worldwide. Purchase and sale decisions can be made on the basis of valid data and intelligent analyses. This enables the user to identify opportunities and risks and react promptly and proactively to price fluctuations. The application thus creates a high degree of transparency when it comes to operating in this new and volatile market.

Vote for this ICO

Sales dates: Jul 7th - Oct 31st 
Accepted currencies. ETH
Hard cap 20M EUR
Website and Whitepaper 

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3. eLYQD 

Hype.Codes rate  89

One of the main features of eLYQD is the use of blockchain technology, which allows making the platform transparent, open and as safe as possible for both transaction parties, reduction of transaction and business costs, and simplifying of the purchase process.

Vote for this ICO

Sales dates: Jul 9th - Sep 30th
Accepted currencies. ETH
Soft cap $2M
Hard cap $15M
Website and Whitepaper 

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4. BitNautic 

Hype.Codes rate  85

BitNautic is a decentralized platform, based on the Ethereum Blockchain, for matching demand and supply of shipping services, for all the industry stakeholders: producers of goods, ship owners, charterers, brokers, importers and exporters. BitNautic comes with distinctive features like AI (Artificial Intelligence) based booking system, a real-time tracking of ships and cargo, and a wholesale e-commerce platform.

Vote for this ICO

Sales dates: Jul 11th - Sep 30th 
Accepted currencies. ETH, BTC, LTC, ZEC, BCH, DASH, DCR, XMR, Fiat
Soft cap 5k ETH
Hard cap 50k ETH
Website and Whitepaper 

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5. Pool of Stake 

Hype.Codes rate  80

Qtum, Stratis, Universa and soon Ethereum holders can unite in the Pool of Stake and start staking together. Pool of Stake aims to operate in all types of PoS blockchains- Smart Contract platforms or blockchains with a delegated mechanism. The main goal for Pool of Stake is to increase the profits for small stakers by enabling a trusted environment to pool funds together. For this purpose, two ERC-20 tokens are used. First, the PSK token that gives discounts an rewards withdrawal fees. Second, an IOU token that acknowledges the user’s investment. The PSK platform will provide an analytics tool via a smart i.o. database that will allow members to track, control and optimize their investments. In this white paper, we explain the implementation of Pool of Stake and its services. We elaborate the governance vision which will be developed in the coming months to ensure that the PSK community remains.

Vote for this ICO

Sales dates: Jul 20th - Sep 30th
Accepted currencies. ETH
Soft cap $2M
Hard cap $8M
Website and Whitepaper 

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6. Tachain  

Hype.Codes rate  79

Tachain provides comprehensive ad targeting system for advertisers while maintaining full security and effectiveness of a full scale transportation app. With our functionalities in play, we are in a position to steer toward our mission of providing a valid and secure blockchain based service full of fun and joy to our users.

Vote for this ICO

Sales dates: Jul 23rd - Dec 31st 
Accepted currencies. ETH
Soft cap $2M
Hard cap $10M
Website and Whitepaper 

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7. Solidfied 

Hype.Codes rate  80

The future will be built on smart contracts. Smart contracts are only as secure as the code they are written in. As they are immutable after release, they need reliable security due diligence to earn companies and users trust and value. With 200+ code experts and 400k ETH of market cap. secured, Solidified is the market leader in smart contract security already. We know the market and its bugs. It's still fully centralized which allows for fraud and hacks and bad or lazy work hardly has consequences for the auditor. We can fix this. Introducing the first decentralized audit system & Bug Prediction Market! Actors can stake on whether a vulnerability will be discovered in a smart contract by a certain date. The basis for such a market is a smart contract that has been audited and secured by an individual or a group of auditors using the Solidified platform. These actors are held accountable for securing the code by having staked income and reputation in the form of the Solid Token.

Vote for this ICO

Sales dates: Jul 23rd - Oct 23rd
Accepted currencies. ETH
Hard cap 36k ETH
Website and Whitepaper 

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What is Hype.Codes Rate?

Hype.codes team works everyday to bring you the best reader’s experience. We are trying to add some new cool features every day. Hype.Codes Rate is average, abstract ranking of ICO, that we give to every upcoming ICO. It depends on such criteria:

  • Landing webpage design
  • Completeness of information provided on the landing webpage
  • Convenience of information search on the landing webpage
  • The concept itself
  • Whitepaper
  • Reputation and accessibility of information about the project team, their experience
  • Project activity on social networks
  • And many other

We hope that you like the idea of Hype.Codes ICO ranking and maybe it will help to navigate through the stormy sea of blockchain-based start-ups.