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Crypto Terminology
Airdrop - Free crypto usually distributed to people 'staking' tokens in a related project/ecosystem to raise awareness in the project which is 'dropped' into your wallet or sometimes as a reward for being an early adopter.
Staking - Delegating tokens to validators to secure the network and earning a share of the transaction rewards. It is generally done by long term investors that you don't plan on selling short term. This may lock up your crypto for a period of time depending on the network, but the interest earned and airdrops received will reward the long term hodler.
Snapshot - If you are staking/hold the required amount of the airdrop target token at the moment this 'snapshot' is taken, you will be eligible for the upcoming airdrop.
Claim dates - The window of time in which you can claim an airdrop that you are eligible for. Claiming is not automatic in many cases sadly, hence the need for Airdropper to make it easier for you to keep on top of.
Native wallet - A non-custodial crypto wallet that is compatible with the token (i.e. not on an exchange). Some examples include: (links provided for safety, many fake website exist)
They normally operate by supplying you with a private key(s) and/or seed phrase which you have to keep safe. the onus is on you here as a laptop malfunction or lost phone will mean irretrievable loss of the cryptocurrency held within unless the seed phrase is used to restore the wallet. Wallets themselves do not contain the crypto, the keys are your password to the address which the tokens on the blockchain currently reside.
Staking pool - A collection of people who have pooled their crypto stake together. The staking pool operator will run the node that secures the network transactions and share the rewards between all the stakers, often taking a small cut of each persons reward for operating the pool. Different pools offer different levels of reward taxation. It's worth assessing the options at your time of entry and periodically reassessing to make sure nothing has changed.
HODL - Hold on for dear life! Don't sell. Think long term. Believe in a project? Stake it and wait.
How To Get Going with Cosmos Airdrops
Want to be in a eligible for airdrops but aren't sure where to start?
- Open an account with an exchange like Coinbase, Kraken, Binance, Gemini, there are dozens to choose from and some operate in countries where others don't
- Buy ATOM - I would generally recommend no less that 10 to increase airdrop eligibility chances (each has different criteria)
- Visit Keplr and follow the instructions on how to create your wallet
- On the exchange, send your ATOM to your new Keplr wallet address. Be sure to triple check the address you're sending to and if it is a large amount always send a smaller test transaction first. Transactions can rarely be reversed if you make a mistake!
- Click stake in Keplr and choose a pool. I would recommend choosing one with a lower voting share to increase decentralisation on the network and be wary of 0% fee validators as they are often excluded from airdrops. You can stake with as many validators as you wish. Always hold back a couple of dollars worth to cover transaction fees now and in the future.
- Sign up to Airdropper, add your wallet address, create your subscription and wait to be notified.
*you may not be eligible straight away, airdrops are based on network snapshots taken at points in time. Current airdrops will have already taken their snapshots so you may have to wait a little while until you become eligible for future airdrops.
If you feel something is missing from this page please email feedback@airdropper.info or if you have any questions or need assistance please email help@airdropper.info
Useful Links
- Cosmos ecosystem airdrop community Reddit Cosmos Airdrops for support and airdrop discussions
- Excellent YouTube resource for airdrop claiming tutorials Confident in Crypto
- General blockchain and cryptocurrency advice and tutorials, very friendly and helpful Cracklord