Here is How You Can Participate in the Ongoing Airdrops
Most retail crypto investors are constantly scanning the market to discover promising projects. The best way to be involved in these projects is by participating in their airdrops. This article explores some of the crypto projects with ongoing airdrops and teaches how to take part. But first, let’s define the term Airdrop.
What’s an Airdrop?
Simply put, an airdrop is a free distribution of a fungible or a non-fungible token. Airdrops are part of crypto projects’ marketing strategies and are meant to reward loyal users or attract new followers.
However, do not mistake airdrops for lockdrops. The latter requires users to lock their crypto in a yet-to-be-launched blockchain, and the longer they lock them, the more coins they will receive when that chain goes live.
Top Airdrops At the Moment
Binance Simple Earn
Crypto exchange Binance has partnered with decentralized finance project UniLend to reward users with UFT tokens. There are 43,500 UFT tokens set to airdropped. The campaign is expected to end on August 20. Now here is how you can participate:
Step 1: Copy and open the following link on your preferred browser https://www.binance.com/en/survey/5b0277438edb4122969bf5f2acc9282d?ref=RTWS7AGS
Step 2: Create a Binance account or use the existing one to access the airdrop program.
Step 3: After successfully logging in, read a UniLend report titled “A multichain Permissionless Borrowing and Lending Protocol.”
Step 4: Once you understand the report, provide correct answers to the five questions displayed.
Step 5: Immediately after you complete the task, your wallet will be credited with some UFT tokens. Note that they will be locked for 150 days, generating an APR of 10%.
KuCoin’s Carnival Celebration
To celebrate its sixth anniversary, the crypto exchange KuCoin is running an airdrop program dubbed Carnival Celebration. The company has set aside 10,000 USDT to be shared among users that invite their relatives and friends to create a KuCoin account. The more people you invite, the more USDT tokens you will receive. This is how you can participate:
Step 1: Create a KuCoin account and complete the know-your-customer procedure.
Step 2: Use the referral link generated to invite friends.
Note that if you are lucky enough to be among the top ten users with the highest number of invited friends, you will be airdropped with a considerable amount of USDT. The program will come to an end on August 31.
Gate.io’s Lucky Bird Competition
You could earn extra crypto by trading WBIRD (Lucky Bird) on Gate.io. There is 30,000 USDT to be shared among lucky users. Here is how to participate:
Step 1: Open a trading account on Gate.io.
Step 2: Verify the account by completing the Know-you-customer procedure. (You will receive $10 for doing this).
Step 3: Deposit Lucky Bird tokens through the Gate.io peer-to-peer platform.
Step 4: Trade WBIRD in the spot market until your trading volume reaches $200. This is the only way to qualify for an airdrop.
It is important to mention that you can also make an extra $5 by inviting a friend to register a Gate.io account.
August 9 will be the last day of the airdrops. So if you are interested, you should act fast.
Bake.io’s Hot Summer
Apart from airdropping users with BAKE tokens, Bake.io, a staking protocol, is set to give one lucky user a brand new Tesla. This promotional campaign aims at helping people accumulate more BAKE tokens to increase their staking rewards. Here is how you can be involved:
Step 1: Go to www.bate.io to set up an account.
Step 2: Choose a Recurring Buy option. It could be monthly, weekly, or bi-weekly.
Step 3: Select BAKE as the token you want to buy and input $50 or more as the order amount.
Now watch Bake.io execute recurring purchases on your behalf, as you receive extra BAKE tokens on every purchase.
Moreover, inviting friends to sign up with the platform makes you eligible for further token airdrops. The program ends on September 1.
Conclusion
Airdrops are a great way to increase your crypto holding. Therefore, it is advisable to join crypto forums and communities to stay updated on upcoming token airdrops.
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