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Today we are going to be going deeper into a very easy way of getting profitablely into the cryptocurrency space, it is as I explained here that Cryptocurrency Airdrops are ways of getting token of new cryptocurrencies projects for free by doing simple tasks, these simple tasks may be joining a telegram group, following on twitter, retweeting a tweet, follow on facebook, or commenting on bitcointalk.org, now when these cryptocurrency projects advance more and their tokens which were given to you for free get listed on any exchange site for a good price, you can then sell thereby creating equity freely.
Requirements to get started with Cryptocurrency Airdrops
So, below I will be listing the pre-requisite to help you started with cryptocurrency airdrops effectively, so let's dive into it quickly.
Ethereum and Waves wallet
Most new cryptocurrencies are built on the blockchains of other cryptocurrencies probably because there isnt enough funds available for them to build their own blockchains, so therefore they build on other cryptocurrencies blockchains, therefore to be able to receive these Cryptocurrency tokens during airdrop period having wallets of the blockchains upon which these tokens are built on is very necessary, the two widely used wallets are an Ethereum Wallet and a Waves wallet , having these two wallets enables you to receive these tokens and hold.
To get a Waves Wallet , just go to waveswallet.io and register, just on the same way, there are a lot of ways to get an Etherum wallet that is compatible for airdrop, but in my opinion, downloading Imtoken app will make these a lot easier.
It is important to note that wallet addresses of exchange sites such as Binance, @blocktrades, @bittrex are not compatible for airdrop tokens, also it should also be understood that not all airdrop tokens will require either an Etherum nor Waves wallet, most cryptocurrency projects come with their own inbuilt wallets which there will require you use.
Twitter, Telegram, and Facebook Profiles
Cryptocurrency projects are built majorly around community, these community of persons will help to project the what the project is trying to achieve to the the general public, therefore when these new crytocurrency project s who carry out airdrop distribution, they put as a criterion for you getting these tokens freely that you join their different social media communities, these communities are mostly on Twitter, Telegram and Facebook, you might be asked retweet a particular tweet, join a particular Telegram group or like and share a particular page on Facebook.
Now, these does not only serve the purpose of only helping the project but also you as being part of these community for the project will give you more information on how these projects are progressing.
Reddit, Medium And Bitcointalk.org Profiles
The crytocurrency space has very valid social space where you can meet various cryptocurrencies players, in this social space, many various cryptocurrencies projects are been discussed and evaluated here, so most new crytocurrency project conducting airdrop that are aiming at proving the authenticity of their projects tend to ask a a criterion for getting these free tokens for you to follow them on these social space, or leave a comment for them on there, these social space are mostly Medium, Reddit and bitcointalk.org, therefore getting profiles on these sites will help you in getting these tokens freely.
Follow the following steps and you will be on your way to earning profitablely in the crytocurrency space, now it should be noted that when you are into Cryptocurrency airdrop, you have to be consistent and have it at the back of your mind that note all cryptocurrency project will progress profitablely.
This was designed by @ubongj
Quite insightful... But i want to understand more...
Which particular ethereum wallet is okay for airdrops
Imtoken
I wish i can just upvote you more,this is awesome sir
I am enlightened