Retroactive airdrop | The early birds catch the worms

Retroactive airdrop: The airdrop that rewards early participants of a product. Learn what it is, how to participate, and make profits confidently in retroactive airdrops.

Have you ever been to a shop or store and you received a free exclusive service probably as a reward for being a loyal customer? You always certainly want to tell your close friends and family about the experience and in so doing they also rush to the same store to get the same mouth-watering treatment.

This marketing strategy is mostly used by already established organizations to get more customers by creating awareness about their products. Now think of this in the crypto world where crypto platforms and companies give out some free coins to their users as rewards. This is done to reward old-timers for contributing to the growth of the project. This free coin given out is known as a retroactive airdrop.

Overview of retroactive airdrops

Retroactive airdrops are tokens or coins distributed to users who have been active in the project or campaign and have consistently or partially contributed to the growth of a project. This is given out as a thank-you reward to encourage its active users as well as to promote its product.

Retroactive airdrops are meant to attract crypto enthusiasts by distributing a percentage of the airdrops within a specific time frame. Due to fear of losing out on a potentially profitable opportunity, more users quickly dive into this project.

How to join Retroactive airdrops

Joining a Retroactive airdrop campaign is mostly free. Some projects would require you to complete tasks such as playing games, downloading applications, or referring other users to join in and register.

Retroactive airdrop scams

Unfortunately, not all projects on the internet are real, some are designed to strip you of your hard-earned crypto assets and leave you wishing you’d disappear right off the face of the earth. Airdrop scams are becoming rampant as new projects are created every day. Sites and pages are designed to look similar to the actual main sites to attract victims, this is known as phishing sites. Fake address links are sent across social media and other platforms with a compelling message to get unsuspecting users to click and enter these phishing sites.

There are so many ways a user can be scammed. These include

• Linking your wallet to a strange crypto site.
• Clicking an unsuspecting link and registering on a website. This means giving out your details and information which will be saved to this site’s server.
• providing crucial information such as your wallet’s passphrase to others. Anyone can have access to your wallet with your wallet’s passphrase.

Avoiding airdrop scams

We have discussed airdrop scams here but to add to it, take the points below seriously;

Do Your Research: Make sure you do proper research on any new project you plan on joining or investing in. Join official sites and social media platforms to receive information and updates on the crypto asset. In crypto, we DYOR-Do Your Own Research.

Stop Clicking Links You Are Unsure Of: Avoid clicking links that look suspicious. Scam links will surely direct you to a phishing site where your nightmare starts.

Protect Your Personal Information: Do not connect your wallet to a site or app you are not completely sure of and never send your wallet passphrase to anyone or anywhere. Keep it to yourself, preferably write it down somewhere you can easily access it since your device can be hacked or accessed without your knowledge.

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