Background information about Cobinhood Air Drops
This my last post about Cobinhood as undervalued cryptocurrency in the blockchain era and thanks to @Starkerz for his tireless effort for this opportunity of experssing my views about Cobinhood, Zero Trading Fee Cryptocurrency Exchange in the era of Blockchain.
While i was still in school and pursuing my course, i understood Air Drops as a way files are transfered through a certain partner or feature and normally these are found in Apple devices. In simple terms it is just free money
From my personal experience i have always wondered why sometimes my wallet credit worth increases but i had never found the most clear answer. I think even other colleagues out there have the same kind of feel that i initially have, the fact is that there are free tokens which are normally distributed without your awareness which we call Crypto Airdrops. Therefore be happy all crypto traders because some free money drops in your wallets. In the next segment of this article, i will take you through in detail what we understand by Airdrops and all relevant infromation connect with this subject under COBINHOOD
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What is an Air Drop?
For a number of year, several companies have deviced mean of standing out there with the aim of beating their competitors by way of lauching of ICO services and tthis has been the way such firms have attracted many traders on their forum. The internet has been outsatnding but it is now considered as for lazy companies which are reluctant to invest into their venture of cryptocurrency.
These companies not only do that but take an extra step to study different blockchain through the ICO to find the prevailing token and collect as much information of individual wallets of people having a particular coin and later reward them according to their worth in their wallets. That is what we call Air Drops
How are Air Drops Delivered?
There are various ways through which Air Drops are delivered to Cryptocurrency Traders and i will give you a summary of this process of how such tokens are delivered
Forks: This includes Bitcoin Cash and Bitcoin Diamond, This hives you an amount equivalent to a new coin on market.
ICO Purchases: This includes Raiden Networks
Freebies: Biance gifts to customers which are free.*
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Note: The most common and know type of Air Drop is the Hard Fork of Bitcoin and this grants Bitcoin holders with an amount equivalent to their Bitcoin worth in their wallets eg. If you have say 0.4 BTC, then you will recieve $2469.36 USD as a lucky one holding BTC wallet Read here for more information
How can i be alerted about Air Drops, Is there away to this?
The Answer to this question is A BIG YES
Companies dealing in cryptocurrency business have all this around them and there many sites and groups formed online with the cardinal purpose of arousing the awareness of traders about the current, past and active packages of Air Drops and the best examples here are:
Icodrop &
Airdropalerts.
These play a major role in delivering information to the users through the following means as listed bellow:
They show upcoming project of Airdrops through alerts
They also nitify you on what kind of coin you should be holding at that time before Airdrops are released
Another way is keep checking you social media platforms with such projects.
Finally on this, JOIN Telegram groups and this will keep you updated on the idea of Airdrops.
Become an Active member on Telegram group
Know your customer or Anti money Laundering.
Have a valid ERC-20 Exchange wallet source of information
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What kind of wallets are needed for Airdrops to occur?
Ethreum is the most popular wallet and surpasses all others and it is created with ERC-20 many tokens come along with it and the best wallet under this is MyEtherWallet and this also ineracts well with software called Trezor. Another way is by the use of Wave Platform and it will grant you to recieve a high amount of tokens which come with it.
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Other wallets include BITCOIN WALLET and you can check out this on Bitcoin Wallet Guide source for more information about the Bitcoin wallet
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Note this: Never offer your Private key passwords to anybody for
Conclusion
Before enguaging yourself with Cryptocurrency, make the keenest research so that you dont succumb to scum sites which will excite you and later lose you money. Airdrops projects as i think is a good way to operate the modern way blockchain can have an edge on the future of money.
DISCLAIMER
This shall not be taken as financial advice. I am not a financial advisor and none of your investments should be carried out based on any information presented here. You can lose all of your money investing in cryptocurrencies. The information above is for educational and entertainment purposes only.
References
https://blockonomi.com/airdrops-guide/
https://coincentral.com/cryptocurrency-airdrop/
http://demo.bitpesa.co/crypto-uganda?gclid=EAIaIQobChMI8oTuv42j2wIVjZztCh3_7Q7ZEAAYASAAEgKGO_D_BwE
Thank you for reading, i still thank @Starkers for his initiative and this opportunity given to air out my views on the subject.
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