have an account?【sign in】Biggest Crypto Airdrops in History:An Analysis of the Largest Cryptocurrency Airdrops to Date
quyauthorAirdrops are a common practice in the crypto landscape, where new users or holders of a particular cryptocurrency are gifted a certain amount of the token as a reward for signing up, holding, or participating in a certain activity. These airdrops have become increasingly popular in recent years, as they offer an opportunity for crypto newcomers to gain exposure to and invest in emerging projects. In this article, we will take a closer look at the biggest crypto airdrops in history, analyzing their size, timing, and impact on the crypto market.
Biggest Crypto Airdrops in History
1. Airdrop #1 - Augur (REP)
Date: June 2018
Amount: 50 million REP tokens
Background: Augur is an open-source platform that allows users to create predictions markets. In June 2018, the project held its first airdrop, giving away 50 million REP tokens to new users who joined the platform and followed specific instructions on how to claim their free tokens.
Impact: The airdrop helped to increase the popularity of Augur and its token, REP, which saw its value skyrocket by more than 500% in the following months.
2. Airdrop #2 - CryptoKitties (KYBER)
Date: November 2017
Amount: 1.5 million KYBER tokens
Background: CryptoKitties is an online game where players can collect, breed, and trade digital cats. In November 2017, the project held its second airdrop, giving away 1.5 million KYBER tokens to new users who joined the game and followed specific instructions on how to claim their free tokens.
Impact: The airdrop helped to increase the popularity of CryptoKitties and its token, KYBER, which saw its value slightly rise in the following months.
3. Airdrop #3 - Bitcoin Cash (BCH)
Date: December 2017
Amount: 21 million BCH tokens
Background: Bitcoin Cash is a hard fork of Bitcoin, designed to increase the block size limit and support larger transactions. In December 2017, the project held its first airdrop, giving away 21 million BCH tokens to new users who joined the platform and followed specific instructions on how to claim their free tokens.
Impact: The airdrop helped to increase the popularity of Bitcoin Cash and its token, BCH, which saw its value skyrocket by more than 1000% in the following months.
4. Airdrop #4 - EOS (EOS)
Date: June 2018
Amount: 1 billion EOS tokens
Background: EOS is a blockchain platform designed to support scalable and secure smart contract execution. In June 2018, the project held its first airdrop, giving away 1 billion EOS tokens to new users who joined the platform and followed specific instructions on how to claim their free tokens.
Impact: The airdrop helped to increase the popularity of EOS and its token, EOS, which saw its value rise by more than 300% in the following months.
The biggest crypto airdrops in history have had a significant impact on the crypto market, often resulting in significant price increases for the tokens involved. As crypto projects continue to emerge and grow, airdrops are likely to remain a popular method for marketing and spreading awareness among new users. However, it is important to remember that not all airdrops are created equal, and investors should always conduct due diligence before participating in any airdrop.