Did you know about cryptocurrency airdrops?
In the past few years, there is one word that has been creating a lot of buzz in the finance sector, the trading area in particular and that is “cryptocurrency”. Powered by the decentralized ledger system, also called Blockchain, this is a digital currency system that is secure, transparent and convenient to use. Given, that the demand has been growing without a stop the value of cryptocurrencies that do well in the market keeps increasing every single day. Traders that invest a few dollars today might take home thousands of dollars within a few months. The actual profits made depends on the cryptocurrency chosen, the exchange chosen and the trading strategy used. If you are boggled with the whole idea of investing in digital currencies then there is the option to go for an automated trading robot like the Bitcoin Code. This robot would handle all the trading operations where you simply invest the spare capital at hand.
So where do you begin? Start with creating a cryptocurrency trading account for yourself. Once that is done, you should also be able to decide whether you want to trade short term or long term. This decision might depend mostly on the amount of time you would be able to spend each day on crypto trading. Finally, you should also know about the various ways in which you can purchase and earn cryptocurrencies. There are ways in which you can earn them for free.
Have you heard about airdrops?
When a development team decides to create a giveaway where the users are given cryptocurrencies this is what is called an airdrop. The actual method in which the currencies are distributed might differ. But ultimately you end up finding some extra currencies in your account, in your wallet. The conditions to be met to earn these coins, the activities to be performed might all vary based on the decisions of the development team.
Why do they do that?
When they can earn so much by selling their coins why do they give them away for free? Not all ICOs spark and grow as projected. Airdrops are nothing but marketing tactics. This is the very first step taken by the development teams to get their coins out there in the market, in the hands of the investors. No investor would mind trying a cryptocurrency if it is available for free. And when the word spreads and when the currency gets more popular, a value can be set and the investors, as well as the development teams, would end up making profits.