What Is Airdrop Cryptocurrency?
by Mich Filson Web developerWhat is airdrop in crypto world?
A crypto
airdrop is when a blockchain project distributess free tokens or
coins. Two types of airdrops could be identified: 1 - as amazement and 2 - announced
in advanced. Blockchain based startups regularly prefer advanced announcements
to achieve gossip going. As the target is typically to bootstrap the project,
the airdrop practice implicates the achievement of a number of tasks by the customer
in order to be eligible for the airdrop.
Why startups carry an Airdrop?
As a Reward for Loyal Customers
This type
of airdrop equals to the vouchers giveaways of non-blockchain companies in the
typical commercial world. Sometimes blockchain based services wish to reward users.
Airdrops can be used as a method of rewarding faithful users with free
cryptocurrency tokens. This act as an encouragement for continues using
platforms.
To Generate Lead Database
Promotion is
to generate leads. Organizations pay attention to make proper leads that will push
their marketing campaigns and increase investments. Airdrops can be used by
blockchain based businesses to create valuable leads databases for their
organizations. In return for free cryptocurrency tokens, users’ needs to
complete online forms that contain valuable information about user which can be
used to develop targeted marketing tactics.
To Create Awareness About a New Cryptocurrency
The
marketing promotion on social media of airdrop lead to increased awareness being
paid to a new cryptocurrency. Word of mouth advertising and other forms of
organic commitments brought about by an approaching cryptocurrency airdrop can
lead to bigger user participation in the cryptocurrency.
What Is Airdrop mechanism in project Redenom
Team
Redenom went further and embodied the idea of Airdrop as a key mechanism for
the formation of crypto-economics. In the Redenom project, the value of the NOM
token as an economic unit is not formed from its original value, as in the case
of the classical ICO, but in the process of its circulation. All users of the
system receive NOM tokens for free for a certain action in the system. Emission
is carried out in the process of such actions. Accordingly, the economy of the
Redenom project depends on the number of participants in the system and on
their actions. The project provides a mechanism aimed at ensuring the promotion
of active users through the process of the Redenomination. The system itself is
a DAO system in which each participant can request funding from the Redenom DAO
Fund on conditions of blockchain quadratic voting of other participants. Thus,
the site aim is financing start-ups.
How to get free crypto tokens NOM
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Created on Oct 5th 2018 08:28. Viewed 7,524 times.