An airdrop is a process through which cryptocurrency users can receive free digital tokens from new blockchain projects.
Airdrops take place when blockchain projects give out free tokens to participants holding another coin, after an initial coin offering (ICO) or after a hard fork. For example, after the bitcoin cash (BCH) hard fork, people who were holding bitcoin (BTC) in their wallets got an equivalent amount of BCH or after the Stellar network launched, bitcoin holders received Stellar Lumens (XLM) as part of Stellar’s token distribution campaign.
Why Do Airdrops Happen?
Although blockchain projects distribute free tokens during airdrops, there are several benefits that come with this practice.
Firstly, blockchain projects get a chance to increase the value of their tokens through having them held in as many wallets as possible. In addition, when participants of an airdrop receive free tokens, they are likely to research the project further and purchase more tokens. As a result, the market value of the token increases, benefiting both the project developers and the token holders.
Secondly, airdrops offer developers an opportunity to advertise their projects and to create an active community which boosts awareness of the project on social media. An active community also contributes to the improvement of an open-source project.
At the same time, advertising helps a project to stand out from a space saturated with many other projects. An airdrop also enables projects to reach a new set of people outside their social media communities.
How Do Airdrops Work?
Usually, projects will announce when the airdrop will take place through social media channels such as Twitter and Telegram before taking a snapshot of the blockchain. Using the snapshot, the projects then select wallets that have reached a certain predetermined amount to receive the free tokens.
Although tokens are given for free during an airdrop, some projects will have certain expectations from interested recipients such as spreading the word about the project on social media or contacting the project’s team to show their interest in participating in the airdrop.
How to Get Free Digital Tokens From Airdrops
To get started, look for a blockchain project that is carrying out an airdrop on platforms like airdropalert.com and airdrops.io. Alternatively, you can also download the app Earn.com and be notified of new airdrops directly on your smartphone.
Once you have found an airdrop of your choice, research the project thoroughly including the team behind it and its community to ensure the project is legitimate and that its token is actually worth something. The next steps are as follows:
- Acquire a wallet compatible with the tokens you are about to receive. For example, Ethereum-based projects using ERC20 tokens are compatible with MyEtherWallet and MetaMask.
- Create the social media accounts that you do not already have. This will help you to accomplish the social media requirements for the airdrop if that is part of the airdrop.
- If the airdrop is using a snapshot, ensure that you have the right amount of the relevant token in your wallet so that you can be included in the airdrop.
- Once you have gone through these steps, follow the project-specific instructions of the airdrop in order to receive the free tokens.
In most cases, the instructions will include joining the project’s Telegram, Facebook, Reddit, and Twitter communities and fulfilling certain requirements before receiving the free tokens. Participants can also earn more tokens for every referral if the project has a referral campaign.
What To Look Out For
Airdrops are a great way to earn a little bit of cryptocurrency without having to do much but, unfortunately, there are also a number of airdrop scams that you need to keep your eye out for.
If a project asks you to provide private keys, click on a suspicious looking link or asks you to send ether (ETH) or any other cryptocurrency to be able to partake in the airdrop, you are most likely looking at an airdrop scam. It is best to avoid these “airdrops” to ensure that you are not going to fall victim to a scam.
Now that you are aware of what airdrops are, how they work and how to avoid fraudulent ones, you can get started with setting up an Ethereum wallet and can start receiving your first few free digital tokens.
What are the Betway Deposit Options?
Betway, based in the U.K., is one of the leading online sports betting bookmarker sites today. The official sponsor of teams like West Ham United, people love Betway because they can bet on so many different sports at once, from cricket to football and more.
It’s no secret that sportsbooks have become one of the leading international bookmakers’ in various countries such as Kenya, Nigeria, Zambia, South Africa, and other countries. If you are wondering how to deposit money into your Betway account, you can start straight away too!
Betway offers a lot apart from sports betting such as casino games such as table games and slots. There is also live betting and virtual betting in sports such as soccer, horse and dog racing, basketball and tennis.
Opening an account with the sportsbook is quite accessible since you will only require a username, an email or a mobile number and a password. Once you have verified your account, you are ready to start betting.
Betway Deposit Options
Betway is a versatile online betting shop because it offers various deposit methods for its users. So, how do you get the most out of Betway?
#1. Debit Card or Credit Card
A debit card is a convenient way of depositing your funds. You will instantly get your deposit plus the Betway charges will be transferred to your account. You can deposit funds to your Betway account through the Visa, MasterCard, or even Electron.
All you need to do is click on the banking button on Betway, and deposit the money by entering your debit card details. Once you confirm the payment, the amount will be deposited to your Betway account – all in a few seconds. And it’s not just debit cards we are talking about. Yes,, you can deposit funds to your Betway account through credit. Card payment can be made through two options:
The steps for storing funds through your card payment are the same as the one for the debit card.
Neteller is an e-wallet that is compatible with Betway. You can deposit funds in your Betway account using the following steps
- Now, just choose any of the Betway depositing options you have available.
- Enter your 12 digit Neteller number and six-digit Neteller ID.
- Enter your Betway password
- Enter the amount you have in mind
- Click Confirm.
Skrill is another e-wallet that works like Neteller. All you need is a debit it or a credit card to get started with your Skrill account, a reason many bookmakers love it. If you are looking for transferring money from your account, you can use bank transfer or online banking.
Just Select Skrill as your deposit method on your Betway account, enter the amount you would like to deposit, and deposit!
PayPal is another e-wallet that makes it easy to deposit to your Betway account. It is free of any charges, and you can deposit any amount you like seamlessly.
All these deposit options will deposit money to your Betway account.
*This article was contributed by an external media partner.*
Forex Trading Indicators Providers – What to Look for When Searching for the Best Services
When trading forex online, an excellent way to increase your earning potential to make use of so-called forex trading signals but the key is to find a forex trading indicators provider that is of the highest quality.
Here are some tips for finding the best forex currency trading signals!
Of course, you need the vast majority of your trades to make a profit if you want to trade forex profitably in the long run. While no indication service can you 100 percent accurate signals that will generate you a profit every time it is important to look for one with a high accuracy rate. A high accuracy rate can potentially help you to boost your forex trading revenue so that you can earn more pips – not to mention more money – out of every trade.
Top Quality UI/UX
One of many elements what things to look for having an online forex trading indication service are an excellent user interface and user experience. A top quality user dashboard might help with graphs, graphs, better-computerized indicators, and a better overall experience to assist you in operating and being successful.
The people place can also give you significant improvements in the signals, on crucial and technical examination and on distinct strategies that you might use to increase income using trading signals. An excellent user dashboard area can really make a transmitting service cost worthwhile and can really make all of the difference when it comes to trading effectively.
Great Customer Care
Needless to say, you always wish for great customer care in the case that you need assistance with the trading software. This might make a massive difference, and to be able to contact your dealer, as well as your forex signal expert, can be among the key requirements to success when it comes to trading forex.
One other thing to look for is an excellent trial offer. If a forex broker provides a free trial of their forex currency trading signals, test the trading service for all the above-mentioned points and you will quickly find out whether the company’s service is for you or not.
An online forex currency trading platform can seem overwhelming at first. Hence, it is best to start out with a demo account to learn the ropes before embarking on your forex trading journey.
If you can find a forex trading signals provider that scores high in all of the above-mentioned points, you should definitely consider giving it a try as it may not only help you to get started with forex trading but it may also help more experienced traders with the execution of their trading strategy.
Forex Signals – A Must Have Tool for Successful Trading
Very few people are experts in forex currency trading. In case you aren’t one of these brilliant, you will likely see strong swings in your forex currency trading profitability. New traders often have trouble managing their positions once they have placed a trade and their money is at risk. And often, it is the inability to stick to trading alerts that leads to closing out losing positions.
Forex Indicators Worth
Following the forex market 24/7 and sticking to a pre-determined strategy for the entire time you are active in the market can be very difficult. Not only it is challenging to spend the entire day (and night) in front of your trading dashboard but your emotions will also come into play when you see your P&L swing from positive to negative and back.
That is where forex indicators and trade signals can come in to help you. Automated signals can help you with your trading decisions by enabling you to execute a trading strategy without letting your emotions get the better of you.
There are a number of forex signals providers that you can test to find a software that works for you and your trading needs.
How Forex Signals
Forex signals are computer software generated trade signals that tell you – with a relative certain degree of accuracy – whether to buy or sell a currency pair. However, it is important to note that not every signal will lead to a profitable trade.
Forex signals provide traders with target prices and stop-loss limit levels that could potentially lead to a profitable trade. This can help traders to stick to their strategies without letting their emotions get in the way. However, it is important to highlight that forex signals are not a plug-and-play passive income generating software. Trading incurs risk and that is also the case when using forex signals. Having said that, they can be a valuable tool in the toolbox of new forex traders who are yet to learn the ropes and create winning trading strategies for themselves.
Forex Training is Vital
With the right forex trading program, training and mentoring, you can learn to operate technical indicators correctly and control your emotions when real cash is at risk. If you’re thinking about one of the most effective solutions to becoming a successful forex trader, making use of high-quality forex alerts with first-class training and mentoring from real traders is better than any forex signals.
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