Token Airdrops on LATOKEN

Updated May 4, 2022 at 6:14 am

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There are numerous ways to earn free cryptocurrency, including staking, faucets, and mining. Still, airdrops tend to be the easiest way to earn considerable amounts of free cryptocurrency. LATOKEN regularly offers easy-to-earn airdrops from numerous tokens.

What is an Airdrop?

Airdrops are free cryptocurrency distributions that multiple wallets can claim. Users are usually required to carry out simple tasks or hold a certain amount of the token to qualify. Most of the time, newer cryptocurrency projects carry out airdrops to introduce their asset to new investors.

Token airdrops can be lucrative. Popular projects like Ethereum distributed significant amounts of their token via airdrops when they first launched. These tokens weren’t worth much at the time, but their value later grew to over $3,000 per token. There is no guarantee a cryptocurrency will rise in value after an airdrop, but the risk is low since users receive the tokens for free.

How do LATOKEN Airdrops Work?

The site’s “get rewards” section allows users to easily earn cryptocurrency by interacting with the site’s social media. Users don’t need to understand the technical aspects of cryptocurrency to earn free tokens. In many cases, users only need to join the project’s official social media channels and remain subscribed until the airdrop’s distribution date. Some of the site’s airdrops allow users to earn additional tokens by inviting other users to take part in the airdrop.

Other airdrops, called giveaways, are rewarded to a few winners in a lottery format. The lottery airdrops aren’t awarded to many people, but the number of tokens the wallets receive is higher. The giveaways usually don’t require users to complete numerous tasks to qualify.

The platform usually runs around three airdrops and three giveaways simultaneously. Users typically have to install the platform’s mobile app to qualify for the airdrops and giveaways.

Other Ways to Earn CryptoCurrency on LATOKEN

Aside from token airdrops, there are numerous ways to earn free cryptocurrency on LATOKEN. For example, the site has over 35 cryptocurrencies that you can stake for considerable rewards — many of the tokens available for staking pay over 100% annually.

If you happen to be a talented cryptocurrency trader, you can participate in one of LATOKEN’s many trading competitions. Trading competitions are a fun way to earn free tokens competing against other traders. In many cases, trading competitions are beneficial for both traders and the token they’re trading, as it results in more volume.

Another easy way to earn free cryptocurrency on the exchange is by referring friends to the platform. Referrals result in both the referrer and the individual they’ve referred receiving a $50 credit to be used towards trading fees. Referral earnings are ideal for people who plan to trade on the platform often.