Final Guide to NFT and AirDrop – NFTCallly
Undoubtedly, investors are more interested in cryptocurrency and NFT. As the call for a decentralized financial system grows, so will the demand for digital resources. How can Web 3.0-based projects grab the attention of the target audience? Holding an AirDrop program will help attract crypto and NFT enthusiasts.
What is an airdrop?
This refers to the crypto-collectible distribution to a certain number of investors. Participants will keep digital assets in their wallet for a certain period of time. What happens after the completion of an airdrop program? Users can view information such as number of participants, number of winners, total amount of airdrop, start date and end date. Typically, winners are selected after completing certain tasks, such as downloading an app, referring friends, sharing news, liking and retweeting social media posts, and joining groups and channels. Later, winners will receive a non-fungible token at their wallet address.
Here are the things to consider before participating in the AirDrop program
White paper – This is a comprehensive document that contains details such as problem solving, opportunities at hand, team members background, tokenics and project roadmap.
Website- Potential participants in an AirDrop program must go through the project’s website well. It offers incentives provided by native tokens, exclusive benefits offered by token holders, names of project founders and an overview of key supporters.
Social Media Account – Usually, there is a lot of buzz and crazy activity on social media accounts before an airdrop program. Therefore, interested persons can participate after visiting the crypto exchanges listed for gift details, competition rules and tokens. Before buying tokens, investors must examine the price, trading volume, circulation supply and market capitalization of digital assets.
What are the benefits offered by an airdrop program?
Greater attention – Before a full launch, projects need a positive buzz The AirDrop program increases reliability. Community members who act as key supporters receive free tokens.
More awareness- In the fierce competition of the Web 3.0 era, airdrops help raise awareness. The target visitor gets access to important information of the project. This can lead to larger transactions by investors which will increase the value of a token. So managing Airdrop is a clever marketing strategy that works well for startups to bootstrap their projects.
Decentralized Token Distribution – Undoubtedly, pump-and-dump schemes and counterfeit initial coin offerings (ICOs) affect the reputation of the projects. Sometimes, institutional investors may try to artificially inflate the value of tokens. Airdrops prevent this by distributing tokens to investors in a decentralized manner.
Participants must review the allocation schedule prior to the Token Generation event. It discloses information about total supplies, inventory prices and token prices during public and private sales. Typically, team members, advisors, shareholders, and project founders receive a certain percentage of tokens.
What are the current trends in NFT Airdrops?
In the last 30 days, NFT sales have exceeded 2.28 billion. This indicates that cryptocurrencies have revolutionized the creator’s economy. Many NFT projects are distributing limited-edition collectibles for active supporters.
NFT holders receive various benefits such as zero trading fees for token exchanges, discounts for using decentralized financial services, rewards for stacking and absence of charges for transaction processing. There are no entry barriers to the AirDrop program. Users only need to have a software wallet to participate.
NFT AirDrops serves as an effective promotional tool. It adds value to a project and rewards members of a community. A balance between using airdrops as a promotional strategy and creating utilities for token holders is essential.
Investors can protect themselves from scams and phishing attacks by avoiding airdrop programs that ask for a fee or request the disclosure of personal information such as personal keys, passwords and seed phrases.
More recently, creators have provided NFT during pre-sale campaigns. Therefore, users whose names are on the white list get exclusive access to valuable collectibles.
Conclusion
The number of airdrops will increase with the advent of more innovative projects in Metaverse. Artists, celebrities, celebrities and brands from all over the world are being invited to distribute NFT by organizing an AirDrop program! Contact NFTICALLY, a leading white-label solution provider, to launch your own NFT Marketplace.
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