Most retail investors are constantly scanning the market for interesting projects to get involved with. The best way to join a project is to participate in their airdrop. In this article, we will explore some of the current airdrops and teach you how to get involved!
First and foremost, let’s define airdrops. Simply put, an airdrop is a free distribution of a fungible or non -fungible asset – usually a cryptocurrency, to more users. Airdrops form part of the enticement and marketing plans of certain crypto projects, usually to reward users or attract more fans.
Do not, however, confuse airdrops with lock-drops; the latter requires its participants to lock their crypto assets in the promised upcoming blockchain platform, for longer locks holding out oft larger rewards on the chain’s eventual launch. Now, keep reading for some compelling airdrops that are going on currently!
Binance, the world’s leading crypto exchange, has partnered with project UniLend to reward its users with UFT tokens. The campaign will see 43,500 UFT tokens being freely given out. The campaign closes out on August 20th, 2020.
Let’s look at the steps on joining in the Binance UFT token airdrop:
- Copy and open the following link on your browser – https://www.binance.com/en/survey/5b0277438edb4122969bf5f2acc9282d?ref=RTWS7AGS
- Load up a Binance account or log into yours
- Read through the UniLend report – titled “A Multichain Permissionless Borrowing and Protocol”
- Answerer the several quizz questions listed
- On successfully completing the questions and requests, your personal wallet will be credited with some UFT tokens – these will be locked for 150 days and reward holders with an annualized return of 10%.
KuCoin, the crypto exchange, is running an airdrop celebrations as part of their 6th Anniversary Carnival. 10,000 tokens will be shared out amongst participants as part of a referral programme. The campaign runs through August 31st, 2020. A user must create a KuCoin Account and complete the account’s KYC Procedures to be eligible:
- Create an account on KuCoin and complete the KYC package
- Using their new referral link, start to refer people to sign up
- For those ranking amongst the top 10 participants cumulatively receiving the most referrals, there will be an extra token bonus allotted
Moving over to Gate.io, the crypto trading platform, with their whale-themed program is airdropping $30,000 USTD Equivalent. This is also a referral program that rewards holders and anyone joining in on the airdop. The commencement and ends dates are August 4th and August 9th respectively. To join, holders must:
- Create an account on Gate.io
- Complete in-house KYC procedures
- pay a minimum of $200 volume worth of $WBID tokens with the Gate.io system supporting and also invite their f who do sign up with the service gate.
Bake.io, the decentralised protocol, is airdroppingBAKE tokens to its holders of participating. Interestingly, they have thrown in brand new Tesla car up for grabs to one super-lucky winner!!! This campaign brands itself as an encouragement to holders to increase the BAKE withdrawals and dividends. To be a part of the excitement:
- Visit the Bake.io page and set up a Swap protocol
- Choose from the monthly, weekly, bi-weekly recurring buy-in plans, and leverage from $50 policy forward
- Using Play Waves activate the charge and subsequent receive BAKE tokens. Each recurring request presents holders with extra allotted BAKE tokens. Additionally, there is an invite friend component as well to those who join in
Final program closing date is September 1, 2020.
Whilst joining airdrops may feel like free money, reliance on signing onto forums and communities remain the most excitable way to stay on top of all worthy airdrop campaigns.
