How real are cryptocurrency airdrops and giveaways — Separating the wheat from the chaff.

If you asked me how real are cryptocurrency airdrops and giveaways a couple of years ago, I’d have had found immense pleasure in quoting someone,

I think that you have as much of a chance of having a sexual relationship with Penny legit airdrop or giveaway as the Hubble telescope does of discovering at the center of every black hole is a little man with a flashlight searching for a circuit breaker.

Sheldon — The Big Bang Theory

But things have changed.

Airdrops have become more and more legit. They are now used as a marketing tactic to get more people to join the groups, follow the social handles, transact, and spread the word.

Still avoid the word “giveaway” though. Especially giveaway of popular or well-known coins. Those are 100% scam.

CoinMarketCap airdrops

CoinMarketCap hosts an airdrops section on the platform. You have to add the coin to your watchlist, follow CMC’s Twitter and join CMC’s Telegram channel for announcements, and then do a few things for the coin itself, ranging from joining its groups to following it on Twitter or even quote-retweeting a particular tweet.

These communities then manually vet each entry through the Twitter link, Telegram username, etc. to make sure that all necessary steps have been taken.

You’ll also need to provide your wallet address during the form fill-up.

https://coinmarketcap.com/airdrop/

Airdrops.io

Airdrops.io has been serving the cryptocurrency enthusiasts for a while now. Projects are listed as per their “hotness”.

The steps to claiming an airdrop from any of the projects listed here differ project to project.

Sometimes, it’s as easy as talking to a Telegram bot and providing a few details. Some other times, it can be quite time-consuming, such as installing apps and doing KYC.

https://airdrops.io/

Stay in the loop

Staying in the loop is the best way to find un-sponsored airdrops and giveaways.

Follow the relevant hashtags on Twitter. The #airdrop hashtag is important. https://twitter.com/search?q=%23Airdrop&f=live (sorted by latest tweets).

Also keep a lookout on the articles tagged airdrop on CoinDesk: https://www.coindesk.com/tag/airdrops

The subreddit on Crypto Airdrops is also helpful: https://www.reddit.com/r/airdrops/, and so is the Crypto Moon Shots community: https://www.reddit.com/r/CryptoMoonShots/

Other airdrop websites

There are plenty of other websites. I’m sure a search will net you great results. Google search will mostly try to explain what are airdrops, so I recommend a DuckDuckGo.com search instead. Note that not all of these websites are necessarily legit or 100% safe.

Things to keep in mind

  1. Always make sure you’re on a secure, legit, well-known website. If it looks shady, it is shady.
  2. Make sure the coins you aim to invest in have their liquidity locked. It doesn’t take much to lock a coin’s liquidity, so if developers are doing an airdrop but haven’t locked the liquidity, it might easily be a rug pull.
  3. Don’t fall for messages mentioning giveaways on personal chat on Discord and Telegram from absolute strangers. These are scams.
  4. Only follow legit airdrop channels.
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