Crypto airdrops: How to find and claim the next free token drops

Cryptocurrency airdrops have emerged as a popular way for blockchain startups to promote new crypto tokens and attract users to their projects.The guide below has all the details that crypto enthusiasts should know about airdrops, how they work and how to avoid scams.Airdrops are best understood as a way for crypto startups to raise awareness while launching new virtual currencies.The startups will send tokens to the virtual “wallets” of users who sign up.

The coins are usually distributed for free or in exchange for a service, such as posting on social media about the crypto project.It’s a long shot, but if the crypto coin surges in popularity and gains a following online, its value can skyrocket, providing a windfall for the user.“The upside of legit airdrops can be huge, some early users of protocols like Arbitrum, Uniswap, or Celestia made thousands of dollars for actions they took months before token launch,” Cryptex cofounder and CEO Joe Sticco told The Post.While potentially lucrative, airdrops can be very high-risk and are sometimes associated with “rug pulls” or “pump and dump” schemes, while project leaders quickly sell off their holdings after launch.Experts stress that crypto users should be cautious and conduct due diligence to ensure that they are being offered by a reputable outlet.“Risks include phishing, spam tokens or even smart contract exploits, so tread carefully,” Cryptex’s Sticco said.“If it sounds too good to be true, it probably is.”Users should look carefully at the URLs of project websites to ensure they look legitimate and attempt to identify token launches that come with “transparent roadmaps and real use cases,” according to Patrick Young, an executive at airdrop distribution tool Galxe.Download a trusted exchange app — Start by choosing a licensed crypto exchange.

We recommend starting with the Best Wallet app, available for both iOS and Android.Create and verify your account — Sign up using your e...