Understanding Airdrops in the World of Cryptocurrencies
The dictionary definition of airdrop is this: an act of dropping supplies, troops, or equipment by parachute from an aircraft. Yep, you guys have probably watched movies where stranded soldiers receive an airdrop, usually a giant box of food and medical aid. Apple fans may be familiar with AirDrop, a service that allows you to transfer files over Wi-Fi and Bluetooth. But recently, the word “airdrop” has become a buzzword in the cryptocurrency realm. And for good reason.
Airdrops are a hot topic in today’s cryptocurrency scene. In this context, an airdrop is the free distribution of coins or tokens to members of the cryptocurrency community. Airdrops can work in multiple ways. One type of airdrop is free tokens for people who hold coins of a specific blockchain. Let’s say a token is developed on the Ethereum platform. Those who have Ethereum in their address will be eligible to be recipients of the airdrop. The project that is conducting the airdrop will take a snapshot of addresses holding Ether and will distribute their new token to these folks. An example of this kind of airdrop is the airdrop of OmiseGo tokens to people who held Ethereum.
Other airdrops have a greater promotional effect. In order to get the word out about their upcoming project, a team may hold an airdrop event. For example, if you join this coin’s Telegram, follow their account on Twitter, or subscribe to their subreddit, you will receive X amount of tokens. By doing so, people join the project’s community and get to learn more about it. The creators of the coin gain much as well. They get a huge boost in community membership, and this is vital for projects that are just getting started.
Because we’re talking about airdrops, you may be curious as to whether or not CyClean will have an airdrop. The answer is Yes! How can you participate in this airdrop? We’ll tell you how. We announced CyClean’s partnership with different groups, and JPAY Platform is one of them. JPAY Platform already has its own cryptocurrency called JPAY token, and it is used as a means of payment in Korea. The good news is if you hold JPAY tokens, you automatically receive CyClean tokens.
How many CyClean tokens will you receive? For every 1 JPAY token you have, you will receive 0.03 CyClean tokens. So, the more JPAY tokens you have, the more CyClean tokens you will be given! This is a great opportunity to increase your stack. And what’s better is JPAY and CyClean are both very promising projects
CyClean has already established partnerships with different organizations. We expect these alliances to lead not only to more airdrops, but also to better technology and products. Follow us on Medium to be the first to know about airdrops and other events. Thank you!
** For more information about CyClean, please visit our website at cyclean.io.
