An In-depth Look at Terra Airdrops

In the Terra world, you will often hear the word ‘airdrops.’ The first few times you encounter it, you will wonder what it means. If you are a newbie, it will probably take some time to wrap your head around the concept.  Does this sound like your current predicament? If the answer is yes, you have come to the right place.

 In this article, we will try to demystify Terra Airdrops for you. When you finish reading, the word ‘airdrops’ will no longer sound like a huge mystery.

So, What Are Airdrops?

You can liken Airdrops to dividends in the conventional investment world.  Airdrops are a payment or reward that you earn for being a loyal participant in a certain ecosystem.

Different Types of Airdrops

Airdrops come in different forms. Some are frequent,  and some are rare or one-time but much bigger. Here is the breakdown;

Genesis Airdrops

As a new staker, you receive welcome gifts. These are Genesis airdrops. Genesis airdrops can be quite something, but they are one-off transactions. From there you graduate to smaller weekly airdrops. Genesis airdrops can encourage you to invest while the weekly ones encourage to keep going.

Weekly Airdrops

Weekly airdrops are small and frequent rewards. As long as you hold a stake in a particular project, these rewards will come your way regularly. You will get them for delegation tasks on the Terra station.

If you’d like to immerse yourself into the Terra community, go over this website, and you will learn the ropes pretty fast.

Airdrop Initiation

The Terra system is always active. New projects are always launching. Its potential is undeniable. The best part is that most of these projects dish out airdrops generously.

Terra Blockchain projects are endless. New ones are always creeping over the old ones. There are a lot of lucrative opportunities for stakers.

For instance, Pylon is another gateway that offers weekly rewards. It is not the only one. If you are an active contributor to the Terra ecosystem, you will come across more.

Passive Income

Terra airdrops provide an opportunity for a passive income.  If you are holding on to Luna tokens, you automatically become a beneficiary of the weekly airdrops.

However, the income is not always stable. When the price of Luna falls, the income from it also reduces. This is always an incentive for stakers to begin delegating Luna.

Terra Airdrops Demystified

The Terra ecosystem runs on various projects with real participants. Luna enthusiasts are staunch followers. They trust the process without a shred of doubt. This is how they make a passive income.

Airdrops tend to make a positive contribution towards attracting new users. If you know that you earn huge dividends in the beginning and then continue getting weekly rewards, the chances are that you will want to jump on the bandwagon.

It is the same case for most stakers. Many people are drawn in by the Genesis airdrops. But from there, they start appreciating the weekly airdrops.

If your interest in crypto is growing, take advantage of such opportunities. If you are lucky enough, you will reap good returns.