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How to Get Free Digital Tokens from Airdrops

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Free Digital Tokens

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?

crypto airdropsUsually, 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.

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5 Tips for Trading Cryptocurrency

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Tips for Trading Cryptocurrency

Whether you are a complete beginner to trading cryptocurrency or you have been trading for a few years but simply want a few pointers, there are always a few ways that you can improve your trading and start to earn more money. Much like regular trading, cryptocurrency trading can be complicated and confusing, but if you are willing to put the work in, then you could succeed and earn the right amount of money through your investments.

Here are five handy tips that will hopefully help you to get started with cryptocurrency trading. 

Diversify Your Investments

Crypto trading tips

Much like with regular investing, it is best to diversify your investments so that you do not have all of your eggs in one basket.

Spreading your investment across different coins will mitigate risk, and it is an intelligent strategy which should always be used when investing – it is a good idea to place the majority of your money into a stable coin, like Bitcoin, and then to invest small amounts in those that have more significant potential (but higher risk).

Always Do Your Research

Investing blindly is never a good idea, no matter what you are investing in, even if it has been recommended from a trusted source.

It is essential to always carry out your own research so that you are an informed investor, which should help you to avoid making significant mistakes or being taken advantage of by those looking to exploit less-informed investors (of which there are many). The internet is a fantastic resource for researching and learning more about cryptocurrency, but just make sure that you are getting your information from reliable sources.

Do Not Follow the Crowd

Leading on from this, you should avoid following the crowd when it comes to cryptocurrency investing (and any other type). By the time a crowd has formed, it is usually too late as large jumps often are followed by dips. Therefore, you should always do your own research and try to identify trends before they form.

Use Crypto Telegram Signals

One way to identify trends before they form is to use crypto telegram signals, which are trade tips for buying or selling a coin at a particular price and time. These tips are provided by experts that carefully watch the markets and use their expertise to help investors to make the right decision and at the right time.

Learn from Your Mistakes

Mistakes and losses are inevitable when it comes to investing, particularly in volatile markets like cryptocurrency. A good investor is one who will use any loss as a learning experience so that they can avoid making the same mistake again and become a better, more informed, and confident investor.

These tips should help any cryptocurrency investor to start making better decisions and make more money with their trades. It can be confusing and complicated and there are sure to be a few mistakes along the way, but as you learn, you will become a better and more confident investor and enjoy playing the markets.

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How to Earn Bitcoin by Playing Online Games

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Playing Online Games

There are many ways to earn bitcoin without making a single deposit of just a unit of Satoshi. You can earn bitcoin from taking online polls, playing new slots, after the delivery of a freelance job, or even from faucet sites. Many platforms are now adopting bitcoin as their legal tender; China is in this race, too. A lot of these outlets pay in BTC, and you can easily earn bitcoin from them if you can work hard for an extended time.

But there is an alternative way of earning bitcoin. You guessed it right! By playing video games online using your PC or SmartPhone. This online casino real money Canada slots are some of the best you can think of, and the fact that you can earn bitcoin while playing your favourite games is enough a reason why you should try it!

SparkProfit 

SparkProfit is one of the go-to Bitcoin games just like many of the games in Mr. Bet. You have to learn how to stay away from your Top Ramen in your grandma’s basement. With this, you are good to go in this game.

It is a trading simulation that gives you the courage to make predictions in the forex and cryptocurrency marketplace. Bitcoin casino Canada is the leading cryptocurrency for online casino deposits. More points will be available to you when you make more accurate predictions. You can withdraw from this platform using bitcoin anytime you like.

Altcoin Fantasy 

This is another virtual platform where you trade games. This platform can also teach you the art of trading in an environment void of risks. It features a competitive leaderboard environment that does not allow you to lose your precious money.

You can trade altcoins on their site using their mobile app or on their website. You can play their games using both iOS and Android devices. Pitching their tents only in Canada and the US for now, the company wishes to extend their tentacles to Hong Kong, South Korea, and Japan very soon.

Tremor Games 

Tremor is a web gaming site that provides you with a plethora of games, similar to what you have in another distinctive flash arcade. But then, it is dissimilar to a standard run-of-the-mill gaming site in that you’ll get your payment through “Tremor Coins” as you keep progressing in the game. You can get the equivalence of the tremor points you’ve accumulated over time in Bitcoins when you exchange them for withdrawals.

Bitfun.co 

BItfun is a standard faucet site. It allows you to play a plethora of games for about three minutes. For each win you make, you’ll earn some bitcoin.

Satoshi Quiz 

This is an exciting and engaging game that awards you a thousand Satoshis for each question you answer correctly. Don’t expect it to be all the questions to be all rosy. There are both easy and tough questions that you have precisely one minute to answer. If you are good with this quiz, you stand the chance of winning up to a million Satoshis.

Quiz BTC 

This quiz is a competitive styled quiz, and it lets you win free bitcoin when you right answer one question. The faster you are on answering these questions, the more Satoshis you stand to gain. New questions are posted every minute, and the winner of the quiz goes home with Satoshis.

Storm Play 

Storm Play is a straightforward and refreshing way of earning free bitcoin, Ether, and STORM when you use their services and products. You can deposit your earnings your wallet, Exodus, or to your Coinbase account.

This guest contribution was written by Loyd Pelto. He is a professional freelance writer. From his posts, you can learn about online casinos, crypto casinos, and how to make predictions on sports betting. 

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How To Get Started With Web Staking

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black man macbook

Staking is one of the easiest ways to earn investment income with cryptocurrencies. In this guide, we explore how to get started with web staking to earn income on your digital asset holdings. 

How PoS Staking Works

The proof-of-stake (PoS) algorithm deployed by a large number of cryptocurrency networks involves participants “staking” digital asset holdings in order to secure the network. In exchange for staking, these validators receive staking rewards. 

To stake cryptocurrency, you will have to reserve large sums of a particular cryptocurrency in your wallet and connect it to the blockchain as a delegate/staker by holding it in the network’s official wallet. After this, you will begin to receive rewards on a (usually) daily basis for your service on the blockchain. The higher the number of cryptocurrency staked, the higher the validation power and staking reward.

For instance, on the Tezos blockchain, transactions are validated when bakers (individuals with large sums of tezzies (XTZ) reserved) watch the network and create blocks. These delegates are then rewarded with newly minted tezzies (XTZ).

Ethereum, the second-largest blockchain network, is currently using a proof-of-work (PoW) consensus algorithm but plans to move to proof-of-stake soon as its developers recognise the value of this alternative method of securing a decentralised blockchain network and rewarding participants.

Recently, third-party providers have launched staking-as-a-service, allowing users to stake cryptocurrencies without having to handle the technical aspects of it themselves. 

Another new development is web staking, a concept that intends to open up staking opportunities to more people. 

Web Staking CREDIT

Terra Credit

Web staking refers to performing staking on a web platform or application. It is a less demanding method of earning passive income with cryptocurrencies as it requires very little activity from the user. An example of a web staking platform is the Terrabit Staking web application.

Terrabit markets the platform as a “service to CREDIT holders as a new and convenient way to earn staking rewards.”

The platform allows users to stake CREDIT, the native token of the TerraBit blockchain. CREDIT is a utility token that enables users to access special features on Terrabit.

CREDIT holders pay zero-fee transactions, faster payments, and web staking. Users can earn up to 100% ROI by staking CREDIT on the Terrabit staking application. The staking collateral threshold for Terrabit is 10,000 CREDIT. This means that you need at least ten thousand coins to start staking and receive rewards.

Top features on the Terrabit staking app include:

  • Web-based CREDIT staking up to 100% per year
  • Hourly rewards
  • No lock-in period
  • Intuitive interface

Terrabit is a South African cryptocurrency trading platform that offers fiat-to-crypto services for five African countries. What’s more, CREDIT is trading on Bitforex, allowing users to change the cryptocurrency for others on an external exchange.

Additionally, CREDIT’s developers already recognised the trend of PoS staking over 18 months ago when they decided to opt for PoS as their network’s consensus algorithm. 

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