Airdropping tokens to crypto users at random to promote a product is everywhere these days. New crypto coins and protocols are actively looking for potential clients, and giving them free tokens is an excellent way of convincing them to try the new services.
Terra platform is not an exception. The goal is to promote its anchor protocols, LUNA crypto, and the DeFi projects. If you are new here, it is worth going through this beginner’s guide to understanding how Terra airdrops work.
Genesis Airdrop on Terra
Although Genesis is an independent platform, it is synchronized with Terra to reward newbies. Hence, it is kind of a welcome note for LUNA stakers and delegators. According to the website, it is given as a one-off free token.
If this Terra airdrop is what you want, you can either get the token in GEN, the native coin on the platform, or ETH because the Genesis platform operates on the ETH blockchain. The platform is clear on how you can claim your tokens and store them in your ETH wallet.
You can unlock LUNA coins if you are a regular staker on the platform. The Mirror website can help you claim the tokens. However, this is not all, this platforms also lets you unlock many chances of receiving a Terra airdrop.
Out of the over nine million available rewards, users have unlocked almost nine million so far. This means that the planned airdrop tokens are about to be exhausted.
Terra airdrop is dynamic because the platform has numerous projects. If you visit the Loop website, you will not only learn about the anchor airdrops but get a chance to participate. The trend for claiming these airdrop tokens has been incredible, according to reliable sources.
Although the initial plan was not the best with over 50% of the tokens going unclaimed every week, the figure has improved dramatically today.
Benefits of Terra Airdrops
As mentioned, the biggest Terra airdrop benefit is to the platform itself. The main goal is to promote all of the projects by enticing as many potential users as possible. As soon as people find out that there is a platform with free gifts in the form of digital coins, they will definitely get curious. The good thing is that these Terra airdrops are available on different platforms that work together with the Terra ecosystem.
The other benefit goes to users themselves. Who doesn’t like freebies? As a user, you can unlock numerous airdrops every week. However, you are required to stake get more chances of participating in airdrops. This increases the chances of earning from cryptocurrencies through other great opportunities apart from trading.
Therefore, this is a win-win situation for both the Terra platform and its users. This has helped this crypto environment to grow very well.
Terra airdrop is a great strategy with benefits to both the platform and the users. If you are interested, it is best to give it a try right now. As mentioned, you can try the Loop Finance platform, Terra website, or any other platform that may entice you.