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Yes I count myself as a dummy with this stuff also, until I was bored at work and came across an airdrop in September for something called eBTC, otherwise known as e bitcoin. So I thought why not join the airdrop. So stumbled through the simple process of filling out their short form, the usual stuff, name, email address, ethereum address etc.

I had forgotten about everything until early December I discovered the website etherscan.io where you can type in an ethereum address and it will tell you what is in that address in the form of ethereum, but more importantly tokens.
I typed myetherwallet ethereum address (as I was bored at work again), and noticed that I had been sent some eBTC, as well as something called ChinaYuan (ECNY tokens) that I don't even remember applying for.

Here's the link to the account I have when searched on etherscan.io

https://etherscan.io/address/0x6784169ecCA89E450B4037771B83BC2479979AD1

Yep, $835.80 that I didn't know I had ! The ECNY tokens must have become worthless, but the eBTC tokens were a different story, they had sent me 2457 of them at 34 cents each.

Not bad for a dummy who didn't have a clue about airdrops, and spent 10 minutes filling out a form when I was bored at work. And It doesn't end there, as because I thought at this point that I was richer than Scrooge McDuck I thought It may be a good Idea to type in my regular wallet ethereum address, and found that I had been sent some tokens there too, namely something called ACC tokens which are accelerator tokens, which also I couldn't remember applying for. They sent me 31 of these and the current price is around $4.50 each !

Interestingly the ACC tokens after some digging around are linked to a hydro electric facility in the U.S that powers a supercomputer, and the tokens can be used to utilise the computer to mine ethereum, bitcoin gold, ZCash and Monero. Even more interestingly If you send ACC tokens from your wallet, and put your own address as the recipient (send them to yourself) then the number of ACC tokens you get back is more than the number you sent, as this is how you mine ACC tokens !

Needless to say I have spent the last few days stumbling through more airdrop application forms hoping that I will be driving my Lambo around the grounds of my solid gold house by Christmas 2018.

Lessons learned;

1.Get a smart contract wallet like myetherwallet, as It will be much easier to export tokens to an exchange. Yes you can get tokens sent to any erc20 compatible wallet, but my ACC tokens are now trapped temporarily in my exodus wallet eth address and do not appear in the list of supported tokens, but I can still export them to myetherwallet and onto an exchange to sell if I wanted to.

2. Keep track of what you are applying for. Only apply for free airdrops, do not send ethereum or bitcoin to anyone unless you have researched that project first to determine if it is a scam.

3.Be quick, as most airdrops have a small window of opportunity.

4. Arm yourself with a twitter account, facebook, or any social media account as you will get more tokens by retweeting and posting their airdrop announcement and sending the evidence that you have done so to the people running the airdrop.

5. Lastly, get some ethereum, as you will need to have ethereum in the same wallet address as the tokens if you want to sell the tokens on an exchange. It doesn't take much ether to perform an exchange of tokens for bitcoin or whatever, just a few eth satoshis will do it, but the more ether you use as a transaction fee the quicker your transaction will take place.

Whatever you exchange the tokens for, may that be bitcoin, ethereum, or the coin of your choice, get it off the exchange and back into the wallet of your choice ASAP, do not leave it sat on the exchange, as they get hacked, a lot!

Stupidly I have learned as I went along, and am currently sitting on these tokens without owning any ethereum to sell them, but I am working on it :}

Total cash outlay= 0
Total cash earned=$981

More than enough beer money for a while :}

 

[Prouty]

I haven't even learned how to use exchanges yet though, that's the next hurdle to overcome I guess. The airdrop process is an advantage for the company or startup involved because the more coins or tokens they can disperse the larger the overall capitalisation of the token by people all over the world, which in turn creates a market, and a price for the coin or token. Most of the tokens have been bought up by people who have invested real money in the token before the token was released onto the general market.

The eBTC coins I received totalled 2457, but the early investors who actually paid for coins probably got 20,000 maybe more each. The entire process took some time for me to understand why startups give away free tokens, but it didn't take much for me to realize that If they didn't give away free tokens and just relied on people paying for tokens in an unknown and unproven company, then the startup would probably fail.

 

[Awan Cheyanne]

N

I haven't even learned how to use exchanges yet though, that's the next hurdle to overcome I guess. The airdrop process is an advantage for the company or startup involved because the more coins or tokens they can disperse the larger the overall capitalisation of the token by people all over the world, which in turn creates a market, and a price for the coin or token. Most of the tokens have been bought up by people who have invested real money in the token before the token was released onto the general market.

The eBTC coins I received totalled 2457, but the early investors who actually paid for coins probably got 20,000 maybe more each. The entire process took some time for me to understand why startups give away free tokens, but it didn't take much for me to realize that If they didn't give away free tokens and just relied on people paying for tokens in an unknown and unproven company, then the startup would probably fail.

Now that makes a lot of sense and I can understand this one. You have to spend money to make money. I think receiving and giving away a few tokens i a wise business decision and this is excellent. You were lucky to receive a free invitation to fill out and receive the free token from. Wise choice to fill this out and look now. You have a nice chunk of money sitting there waiting for you and you didn't need to invest in this new project.

 

[Muhammad Waqar]

This air drop thing is new to me. Can some one tell me how to know different coins before launch. And which of the above mentioned coins are still available to claim

 

[Xubcoinz]

Airdrop is for the vested at DeepOnion. The new bounty and ICO groups are now offering Airdrop. I am waiting for my first (ICO start/free with no initial investment Airdrop) from Polymath. @ polymath.network

 

[Prouty]

Muhammad, the Ucash thing is still open for signup for the next 24 hours but I'm not sure what the price will be once the launch on cryptocompare will be. It may only be 10 cents a coin but you get 500 Ucash coins just for signing up.

There are quite a few airdrops at the moment, I missed the boat on the DeepOnion thing, it sounds like a good project, I believe it's based around Tor network so it has an established community already.

I'm signed up to the EtherBtc airdrop scheduled for 14th of Feb so looking forward to that, as well as Ethereum Neon, Dividend, Bobs Repair, and one or two others, I also looked at the Polymath airdrop and will join that also when I get home from work as I cannot access Telegram from work, It sounds interesting, thanks for the heads up Xubcoinz :)

I'm also curious about the ECNY tokens I mentioned briefly in the first post of this thread, the ones that became worthless. The token full name is ChinaYuan, and I found their website earlier which still looks operational, they also have a twitter page, but no clue as to why the token became dead on arrival as soon as it hit the exchange system, I still have over two thousand of these, what a shame.

 

[Awan Cheyanne]

What gets me about all this is how many different types of coins are on the market today. A few years back when Bitcoin started all this, nobody believed in them and thought it would take off like it has. Now look at it today. Imagine if you invested in this when it first started, what type of money would you have today?

 

[Prouty]

You would have quite a lot !

Having said that we both know how the space has expanded rapidly but it seems that everyone I bring the subject up with (aside from you guys on the beer money forum) seems to have no idea what I'm talking about. People look at me with blank expressions all the time as they have never heard of bitcoin let alone altcoins or blockchain tech.

What we need to come to terms with is that you and I Awan, along with everyone here on the beer money forum are actually in the very very early stages of this...

It's like we have just logged into geocities on it's launch day with our 14.4k dial up modem at the start of the dot com era.

For those of you who may be wondering, yes I am old enough to have owned a 14.4k dial up modem

For those who may laugh at the prehistoric technology of this then think again, as every time I logged on to the internet through dial up back then it assigned you a random dynamic IP address, you could be somebody different every time you logged on, and there was no way you could be tracked by or banned from any websites or message boards anywhere. Now that was true anonymity and decentralisation.

 

[Awan Cheyanne]

You would have quite a lot !

Having said that we both know how the space has expanded rapidly but it seems that everyone I bring the subject up with (aside from you guys on the beer money forum) seems to have no idea what I'm talking about. People look at me with blank expressions all the time as they have never heard of bitcoin let alone altcoins or blockchain tech.

What we need to come to terms with is that you and I Awan, along with everyone here on the beer money forum are actually in the very very early stages of this...

It's like we have just logged into geocities on it's launch day with our 14.4k dial up modem at the start of the dot com era.

For those of you who may be wondering, yes I am old enough to have owned a 14.4k dial up modem

For those who may laugh at the prehistoric technology of this then think again, as every time I logged on to the internet through dial up back then it assigned you a random dynamic IP address, you could be somebody different every time you logged on, and there was no way you could be tracked by or banned from any websites or message boards anywhere. Now that was true anonymity and decentralisation.

I know what you're talking about because I assigned static and dynamic IP address long before the Internet was open to the public. Furthermore, long before anyone knew about the cloud I was working in it.

 

[Prouty]

You sound like an experienced guy, In fact you may be able to help me with a question that has been a mystery for years. Apologies to Mr.B if this is slightly off topic for a moment but I used to run a message board in the mid nineties for David Icke (remember him?)

Anyway, I used to go over the stats on where people were posting messages from, such as which domains that messages originated from, such as .net, .com etc. Curiously we seemed to get a lot of hits from .mil domains (using .mil based domains to surf conspiracy sites? Not a good idea for them I guess judging by the post Snowden stuff), but the thing that used to confuse me was that we got a few hits from a domain called .arpa, and this was years after the Arpanet ceased to exist. I once asked Tim Berners Lee what was going on and the best answer he could come up with was that they may have originated from in addr.arpa addresses, possible from links within email messages as back then some early email systems were still based in Arpanet style systems.

What's your opinion on this? I always had the mental picture of some forgotten military guy still sat in a decommissioned U.S missile silo surfing the net on an old green screen monitor using dos 3.1...

In the meantime, back on subject, the Ucash ICO is now over, and the IBO ended around 4 hours ago, but still there isn't a starting price for the coin on coinmarketcap or cryptocompare. I was sent 750 of these coins but no news as yet about the starting price on the exchanges. I'll keep my eye open and post the coin price when I get it.

 

[Awan Cheyanne]

You sound like an experienced guy, In fact you may be able to help me with a question that has been a mystery for years. Apologies to Mr.B if this is slightly off topic for a moment but I used to run a message board in the mid nineties for David Icke (remember him?)

Anyway, I used to go over the stats on where people were posting messages from, such as which domains that messages originated from, such as .net, .com etc. Curiously we seemed to get a lot of hits from .mil domains (using .mil based domains to surf conspiracy sites? Not a good idea for them I guess judging by the post Snowden stuff), but the thing that used to confuse me was that we got a few hits from a domain called .arpa, and this was years after the Arpanet ceased to exist. I once asked Tim Berners Lee what was going on and the best answer he could come up with was that they may have originated from in addr.arpa addresses, possible from links within email messages as back then some early email systems were still based in Arpanet style systems.

What's your opinion on this? I always had the mental picture of some forgotten military guy still sat in a decommissioned U.S missile silo surfing the net on an old green screen monitor using dos 3.1...

In the meantime, back on subject, the Ucash ICO is now over, and the IBO ended around 4 hours ago, but still there isn't a starting price for the coin on coinmarketcap or cryptocompare. I was sent 750 of these coins but no news as yet about the starting price on the exchanges. I'll keep my eye open and post the coin price when I get it.

You need to realize that the internet is like 2 systems. One that nobody knew about which is the private government one I use to work on and for and the one you know today. The other one could access the public domains, but you couldn't see it or even access it. There were some people on the private internet who loved to play on the public internet. So you see a cloud or gateway that would go one way, but you couldn't see it or use it going back the other way. You only could identify part of a footprint but the the entire footprint.

 

[Prouty]

I guess you are right if you look at it that way. The old system that was initially developed as a communication tool between cold war silos and bunkers is really the underlying prehistoric framework of the internet that we see today, the net as it is is just a modern face hung on top of an old frame.

By the way, as an update to this thread I had a look at the staking calculator on the Accelerator token website. (To recap, I had been sent 31 Accelerator tokens that I had no idea that I had)

I typed in the amount of ACC tokens I had (31), and hit enter. If you recall ACC tokens can be mined by sending them from your ETH address to yourself at the same ETH address. The calculator tells me that If I decided to do this and mined the whole 31 then I could actually create another 93 ACC tokens aside from the 31 that I already own !

Considering that the ACC tokens are currently at $17 each, the mining would give me a return value of $2108

The eBTC (eBitcoin) things that I received in the airdrop if you remember were 2457 eBtc tokens. They have just gone to 0.43 cents each at the time of this post, so would give a total of $1056.51

The Datum coins I received in another airdrop are currently at 11 Cents each, and I have 110 ($12 in total)

So the grand total, should I decide to mine the ACC tokens, will be....

$3176

Not bad considering I have not spend a penny to do any of this. It just goes to show that the cryptocurrency space is completely insane at the moment.

I have yet to get any word on the Ucash tokens, or the Universa (UTN) tokens, and a bunch of others that either have finished their ICO phase and are waiting to list, or have not finished the initial airdrop phase.

Maybe with a bit more work I can actually create enough money to buy a full bitcoin without spending a dime...Now there's a challenge

 

[speedy_izzy]

Goodness. I am going to bookmark this thread I need to absorb it and make research for more informations. This is very interesting and very inspiring but I am a super noob.

 

[Awan Cheyanne]

What I'm curious about is how did you get all these free tokens. Did you just sign up for an account at this airdrops and the tokens were given to you for opening this account or what?? I am totally lost about wallets, mining and everything else.

 

[Prouty]

Ok, maybe I'm racing ahead with this thread too quickly, I should be actually describing how I apply for what I am applying for, so for the benefit of everyone on the forum;

I recently applied for something called EtherBtc, which is yet another Ethereum Bitcoin hybrid token much the same as the eBTC airdrop that started this thread, same Idea, different startup, different token.

So, step by step, go to the website https://etherbtc.io/ (Isn't that a pretty website?) The site will tell you all about their all singing all dancing shiny new token including their whitepaper describing their project.

Scroll down from the top of the page and you will see a link highlighted that will take you to the application process which is actually still open at the time of this post.

CLICK HERE to participate in the EtherBTC, February, 2018, Airdrop.

So go through the process, follow the instructions exactly, and if you have followed the instructions correctly then you will receive an airdrop of tokens on Feb 14th 2018 into your Ethereum address.

That's it.

The application process does actually highlight the importance of having a twitter/facebook account, or at least have a presence on social media, and if you think about it it would cost a company an absolute fortune to hire a company to run a huge marketing campaign, but by giving you free tokens you are actually doing their marketing for them for free.

At the end of the day the tokens that you receive are technically worthless before February 14th, it's only on release to the exchanges that the tokens suddenly develop value. So when you receive the tokens It's your choice whether to keep hold of them and monitor their growth, or sell them within the first few days and buy bitcoin with the proceeds, the choice is yours.

This is only one airdrop of an absolute avalanche of airdrops that are taking place at the moment, especially on twitter, just enter #airdrop into the search bar and hit enter. Some airdrops require that you send a donation (usually Ethereum), so I guess you can ignore those for the time being and move onto the next airdrop that does not require a donation. Some people out there already hold Ethereum and will send some to an airdrop startup that they trust and receive 10 times the amount of tokens than ourselves who are just applying for free ones.

So, here are the tactics I use;

1. Opened a twitter account
2. Thought about opening a facebook account as some airdrops require you to post on facebook and twitter, but the vast majority I have applied for focus on twitter.
3. I downloaded Telegram (a lot of these airdrops require you to join their telegram group, so join their group and just pop in from time to time and say hello to their group)
4. Keep track of what you are applying for (I have had lots of occasions where I opened an airdrop form and got the message 'you already applied for this')
5. Don't be unhappy if you don't get tokens from an airdrop that you joined, you can wait up to a couple of months before anything appears in your wallet. Remember I applied for ebtc in Sept 2017 and only found out that I got them in Dec 2017
6. Apply for at least 1 airdrop every day. It has got to the point now where I am hopelessly lost in what I have applied for and when I applied for it, but I have used the same ether address for everything, so I can just monitor that address every couple of days.

So there you have it, that's just an example of one airdrop application. Pretty much all airdrop application forms are along these lines, asking the same questions.

So go for it

 

[Awan Cheyanne]

Wow that is interesting. So basically before I can start any of this I need to open an ether address or account before I can start to do any of this. Now I'm curious how do you find airdrop account to apply for>?

 

[Prouty]

Well, I think Twitter usually has a lot of airdrops listed on a daily basis, other than that you can open an account at https://www.beermoneyforum.com/ and pay attention to the ANN (Announcements) section of the altcoin sub forum of the site. Or you could just go to the website airdrop alert

Airdropalert.com is interesting as you can check out the active airdrops, upcoming ones, and the past ones. I would also suggest that you click on the small clock in the top left corner of their homepage which will take you to the section where you can subscribe so they can alert you via email when the next airdrop is due.

What I have noticed on Twitter is that there are a flood of airdrops that are not listed anywhere else, and I have noticed that a lot of the ones listed on twitter have no whitepaper, no website, and are at a very early stage with their projects (If they have a project at all on the table), so the rate of airdrops there that die within a few days or a couple of weeks is quite high, whereas airdrop alert website tends to have airdrops that have been checked out by others and are at an advanced stage of development, therefore less likely to crash and burn in a short space of time.

 

[Awan Cheyanne]

I'm trying now to open a wallet with Blockchain and figure this one out. I need to find the key you are talking about so I can register with the sites under it like you explained in your directions. However, I am sort of busy right at the moment working on getting a new website off the ground for a friend of mine. I had to do the site map and this one was large. I normally wait until the site has around 100 posts and around 60 pages or so to create this. Seems to make it easier to do. But I made a small miscalculation when I did the website pages and only used place holders for the blog posts. I had to go back in to all 100 place holders and add the blog title and image and reformat the pages. This was around a 4 day job to say the least on this one.

So hopefully now this one is done, the site is picking up on traffic and followers, so maybe I can get a few hours off so that I can study this a bit more carefully and find out all I need to do. I guess I should take some good notes on this one and see who is offering airdrops or not. This way I don't forget or try and sign up again with a company I've already signed up with.

 

[Prouty]

I don't know how you have the patience I really don't. The forum and website I ran back in the day just ate up my time until it got to the point where It WAS my life. I can only imagine the advances in website design behind the scenes since I was in that world.

Maybe the airdrop stuff can at least help you to fund some of the stuff that you plan in that area. I have left a link below for the twitter page that is one of the places to find airdrops, It's ok you don't need an account, and the list will keep adding new airdrops every few minutes.

https://twitter.com/search?f=tweets&vertical=default&q=#airdrop #airdrops #crypto&src=typd

It goes without saying that It's best to tread carefully as where you find good airdrops you will inevitably find bad ones. It's life I guess, but you only need to get a good one once and It can start you off with at least some funs that you can use to buy other cryptocurrencies. By the way, In line with this thread I've also posted a scan of the two airdrops that started this thread as they are at this moment in time.

 

[Awan Cheyanne]

Websites today are a bit easier to build and you don't need to worry about all the HTML coding like before. It is easier to link pages and sites on the posts. Plus what is nice today is that your website and blog site are interlinked so you don't need to write for both of them at the same time.

OK aside from all this I'll get on it this next week. I have two order to finish up this weekend and get the site pages designed and configured or the client. They added a few changes in the website. This shouldn't take too long to finish up and I really am interested in this investing and how it all works out. You've been so helpful and I know that I'll get this down rather easily, once I get the other stuff finished up and can clear my plate a bit. Thanks for all of your help.

 

[Prouty]

I believe that the Polymath airdrop is now up and running, so people who registered should now have been emailed with further instructions to check in on their telegram group. Also for anyone who joined the Ucash ICO it is now possible to withdraw their tokens to your own ethereum wallet, although I did this on Friday the transaction is still in process over 24 hours later. If you think about that it would take a few moments to process a visa card transaction, so cryptocurrency is still lagging way behind visa in speed, that's pretty poor really...

As for coding and HTML, It was once necessary to build a website using html coding and nothing else, and one wrong symbol would screw the whole thing up. In fact I actually remember entering pages and pages of coding into a ZX Spectrum from magazines that would publish coding to make simple games on that thing. Looking back I must have been insane.