Airdrops have become a popular term in the realm of crypto. By definition, an airdrop refers to: “a procedure of distributing tokens by awarding them to existing holders of a particular blockchain currency, such as Bitcoin or Ethereum.” Cryptocurrency airdrops are essentially a means of receiving free tokens in a new project by holding the mainchain token it is deploying on. Examples of airdrops include Bitcoin Cash and Bitcoin Gold (both of which airdropped from a snapshot of those who held BTC.) As more projects develop, and new protocols emerge, we wanted to discuss a few tokens that could be great to hold in order to benefit from airdrops moving forward.
EOS - EOS is a top ten crypto, and the team is building a blockchain platform that is feeless and scalable. The team has already announced they will be airdropping projects that will be going live on the platform such as Everipedia. The EOS mainnet will launch and June and it could pay major dividends moving forward to register and hold EOS for future airdrops as well. It currently trades at $11.48 on Binance.
LRC - Loopring protocol is building a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reducing the cost of trading. LRC is an ERC20 token(built on Ethereum network), but the team will be airdropping LRN and LRQ to support cross functionality for both NEO and QTUM. As the space becomes more siloed, LRC could be a great connector, and receiving airdrops of future network support tokens could be a big advantage for those that hold Loopring. LRC trades at $0.76 on HitBTC at the moment.
PRL - Oyster Pearl is a protocol focused on enhancing web revenue experiences by enabling website owner’s with an anonymous and decentralized user-friendly way to implement both revenue generation (only have to add a line of code), file storage. Recently, PRL holders received a 1 to 1 airdrop of SHL (Oyster Shell), which is essentially the gas of the network they are building. Holding PRL could yield more free tokens if the network expands additional functionality moving forward! PRL trades at $0.74 on Kucoin at the time being.
These are three projects that are not on everyone’s radar, and it is likely that the staple tokens like Bitcoin, Ethereum, NEO will also have a variety of airdrops moving forward. It is important to note that not all airdrops are supported on exchanges, and often the most effective way to receive an airdrop is to store on a personal wallet such as Metamask or a Ledger Wallet.
Always make sure to do extra homework when researching airdrops, and ensure to follow specific instructions given by the project teams themselves!
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