Crypto Airdrop: Understanding and How it Works

Airdrop Cyrpto is one of the terms in cryptocurrency. For those of you who have been for a long time or just starting to carry out crypto investment activities, of course you also know what a crypto airdrop is.

Crypto investment activity in Indonesia can be said to have grown rapidly over the last few years.

Because it is known that up to tens of millions of people have invested in crypto assets until recently.

The term airdrop is of course very familiar to crypto digital asset investors.

This time we will review in depth about it. So that the public can know about it and understand it when they want to start investing.

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Crypto Airdrops

Airdrop Cyrpto is the provision of crypto assets by asset developers (developers) to a number of people or community members selected to get it.

Airdrop is one of the marketing methods carried out by the developer of a crypto coin or token project.

There is activity of sending and receiving crypto assets in every airdrop event that is held.

Delivery is carried out by the developer and those who do the receiving are every selected person or community member.

A predetermined number of coins or crypto tokens are sent directly to their crypto wallet.

Airdrop will be given to people or members of the crypto community with certain terms and conditions from the developer team.

Like for example retweeting uploads or posts from companies that have crypto projects to attending an event.

Crypto wallet owners who meet the pre-defined terms and conditions will be selected by the project developer to accept them.

Next, the team from the project developer will ask for the winner's crypto wallet address. Then, a number of coins or tokens will be sent directly to the winners' crypto wallets.

Prior to the implementation of the Airdrop event, the company holding the event will usually carry out promotions through various available media channels.

You can find it directly on the official website pages of companies that have crypto projects or on their social media.

Apart from that, you can also get information about this by entering a crypto asset community.

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How to Get Crypto Airdrops

Everyone has the opportunity to get it if you are involved in certain activities or fulfill the terms and conditions of the asset developer.

However, it should be noted that the number of airdrops given is limited. This means that only every person or community member can receive an airdrop.

Apart from benefiting the recipient, you also need to know that an airdrop is also useful for the journey of a crypto asset.

Because the presence of aridrop has a function other than the promotion of a crypto asset. One function of the airdrop is that crypto assets can be spread widely.

You can get information about airdrops on various social media channels. However, always make sure the truth of the information circulating.

You can verify it by joining the community group of a crypto asset. Apart from that, you can also check it through social media such as Twitter and Instagram from the project.

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DYOR

In investing in crypto assets, we must always do research or need to do Do Your Own Research (DYOR).

We need this in order to be able to analyze and know the fundamentals of a crypto asset. This step is needed by all investors before investing.

DYOR is also very important because investing in crypto assets is a high-risk thing. So, we need to do in-depth research on a previous project.

Make sure that the decisions made when investing are based on research results. Apart from doing DYOR, we also have to pay attention to a number of things before investing.

Among them, we need to see the Road Map of a project. By knowing the Road Map, we can know what has been done by the developer of the asset.

In addition, we can also find out what processes are currently and what will be done afterwards. So that we can decide to invest or not.

Because, a Road Map from a crypto asset development company can give us a clear picture of the progress and journey of an asset.

We also need to look at the track record of an asset and a developer who builds crypto projects. The track record will make it easier for us to know how the journey of a coin and token has been going on.

More than that, we also need to do risk management when investing.

Every investment certainly has its own risk, even so in terms of cryptocurrencies. Set upper and lower limits when investing in assets. So, we can minimize all the risks that arise.

We also need to know all the features of a crypto project. Knowledge of this will certainly make you able to enjoy the services provided. One of the features that a number of tokens and coins already have is staking.

You can make good use of this feature when you already have a digital asset.

Also read: Get to know VCG Token: Legal Crypto Asset with Tens of Thousands of Holders

just for information, VCGamers has launched a crypto asset named VCG Tokens operating on the Binance Smart Chain (BEP-20) and Ethereum (ERC-20) networks.

VCG Token has been listed on CEX national and global as well as global DEX. Among them are Indodax, BitMart, Pancakeswap and Uniswap.

You can own crypto assets from VCGamers easily on a number of trading platforms for these crypto assets. VCG Token has a number of features including $VCG Staking and $VCG Bridge & Swap.

In addition, the VCG Token has also been used as a medium of exchange RansVerse. Where, these crypto assets can be used to buy all necessities in the metaverse such as LAND, houses, clothes and others.

RansVerse is the first metaverse in Indonesia built on the collaboration of RANS Entertainment, VCGamers, Shinta VR and UpBanx.

To find out information about the VCG Token, you can follow it on Update VC News!