Please don’t let the title putt you off. In this EOS airdrop series, as with any other topic I cover on The Crypto Coin Authority, I plan to educate both you and myself during the process. EOS is by far one of the most anticipated, hyped up and hoped for development to happen in the crypto space during 2018.
If you do not know already, with the new EOS main net launch (June 2) and all the Dapps that will be launched on the platform comes a bunch of airdrops. These airdrops are only for EOS holders and often get distributed in a 1:1 ratio.
Be sure to read more about what EOS is here if you don’t know this project.
This means that for every EOS token you own, you will get 1 token airdropped. Since I’ve started my airdrop challenge I’ve been trying to maximize my intake on airdrop tokens and position myself to receive the most possible.
What better way than with EOS airdrops?
Essentially if a project is successfully listed on an exchange and does what it says it will do, you can either hold onto those tokens and hopefully see them increase in value, or you can sell them and move into other crypto assets. Either way, most of the time it equals free money, technically.
With EOS, the whole blockchain’s model is built on the basis of airdrops. I’m not going to pretend I am an EOS expert and know the project inside and out. I don’t. I just understand most of the basics, but I’m hoping that you’ll take this journey with me and discover interesting EOS Dapp projects.
If I’m excited about all the EOS projects that will airdrop free tokens, I must own a lot?
Believe it or not, I did not invest into EOS during the ICO phase where I believe the token price was around $0.5. Just thinking about that makes me cringe. I totally missed out on that one. However, I wasn’t investing in crypto back then.
Unfortunately. The crazy thing is that EOS traded at more than $20 per token during its all-time high, meaning that you could have made 40 times your investment and not to mention all the free tokens you’ll be getting. That being said, I don’t own a lot of EOS, just enough to enjoy some of the benefits.
Why would they do an airdrop instead of a traditional ICO where people exchange fiat and other cryptocurrencies such as BTC and ETH for tokens?
This is a very interesting question, one that will make you think about crypto on a whole new level. Basically, by only airdropping tokens, instead of going the traditional route as explained before, developers and project creators can raise money. Yes, raise money with free tokens. Strange right?
Here’s an example: If a crypto project creates 1 million tokens, out of that million tokens 30% goes toward funding the project (marketing, salaries, advisors etc.) and the rest of the tokens are airdropped. Let’s say that users receive their tokens and the project gets listed on an exchange and the token trades at $0.1.
This means that the crypto team now technically has $300 000 worth of tokens they can use to fund the project. The tokens distributed can be hundred times the amount I mentioned in the example.
Obviously there is a lot more to it and I’m still fairly uncertain on how the price gets set on the exchange, but that a quick summary. There is also voting and a whole lot more. However, how cool is that?
This video explains it even better:
I’m going to start reviewing some EOS.io airdrop projects during the next few months where I’ll show you exactly what you need to do to claim tokens, how much you can get, when, what they will be worth etc.
To curb your excitement, head on over to the following websites to learn more:
If you want to find out which wallets to use, the following will help:
EOS airdrop project reviews
Evolution (EVO): with this project, each EOS holder (25 seems to be the minimum) gets over 12000+ free tokens.
KARMA: with this project, each EOS holder gets a 6:1 ratio of tokens airdropped to them.
KARMA staking: find out how to stake your KARMA tokens and earn rewards.
Telos (TLOS): with this project, tokens are distributed at a 1:1 ratio and it’s also an EOS fork.
Trybe.one: this is a platform similar to Steemit with the next airdrop happening during December 2018.