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Find out how you can get your hands on some free Cosmos tokens by participating in the airdrop.
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Introduction
The Cosmos Network is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus. The project’s vision is to “build an Internet of Blockchains”, where different blockchains can interoperate with each other, enabling a large ecosystem of linked chains. You can think of it as a decentralized version of Ethereum. The native token of the Cosmos Network is ATOM. ATOM holders can delegate their tokens to validators and earn rewards for participating in consensus. The Cosmos Hub is the first blockchain in the network and it launched on March 13, 2019. Since then, several other chains have joined the network, and more are on their way.
What is an Airdrop?
An airdrop is when a cryptocurrency project distribute s free coins or tokens to the wallets of their community members. One way to think of it is like a marketing campaign where instead of spending money to advertise, the project gives away a freebie in order to generate awareness and increase adoption. Airdrops are also used as a retention tool to keep holders interested and engaged.
Most airdrops require you to hold (or sometimes buy) a certain amount of another cryptocurrency in order to be eligible for the free tokens. For example, if you want to participate in an Ethereum airdrop you might need to hold ETH in your own personal wallet . The purpose of this is two-fold: first, it ensures that only people who are actually interested in the project receive the tokens, and second, it creates a form of economic incentive for people to hold onto the tokens they receive.
While some larger projects will conduct their own airdrops, most will use the services of an external provider such as Binance or KuCoin. These platforms have built-in support for popular ERC20 tokens, making it easy for projects to distribute tokens to users without having to worry about technical issues.
How to Get Free Cosmos Tokens from the Airdrop
The Cosmos airdrop is one of the most anticipated airdrops in the cryptocurrency world. This is because Cosmos is one of the most anticipated projects in the space. The airdrop is happening on April 6th, and will distributionAtoms to Ethereum holders.
Step One: Join the Airdrop
In order to be eligible for the airdrop, you must first join the Airdrop. You can do this by visiting the Airdrop website and submitting your information. Once you have submitted your information, you will be added to the airdrop list.
Step Two: Wait for the Airdrop
Once you have joined the airdrop, all you have to do is wait. The team behind the airdrop will distribute the tokens at their own discretion. It may take a few days or even weeks for the tokens to be distributed, so please be patient.
Step Three: Check Your Balance
Once the tokens have been distributed, you can check your balance by visiting the Airdrop website or by using a blockchain explorer. If you see that you have received the tokens, congratulations! You are now one of the lucky few who was able to get their hands on some free Cosmos tokens.
Step Two: Complete the Tasks
In order to receive your Cosmos tokens, you must complete at least three of the five tasks listed on the airdrop page. The tasks are simple actions that help promote the Cosmos network, such as following them on Twitter or joining their Telegram group. Each task has a different point value, and you must accumulate at least 100 points to be eligible for the airdrop.
The tasks are as follows:
-Following Cosmos on Twitter (50 points)
-Joining the Cosmos Telegram group (50 points)
-Following Tendermint on Twitter (25 points)
-Joining the Tendermint Telegram group (25 points)
-Clicking on the “Cosmos is” link and reading about what Cosmos is (25 points)
Once you have completed the tasks and accumulated at least 100 points, you will be able to enter your wallet address to receive your free Cosmos tokens. The tokens will be sent to your wallet after the mainnet launch, which is currently scheduled for early 2019.
Step Three: Claim Your Tokens
Now that you’ve been whitelisted, it’s time to claim your tokens! The airdrop distribution will happen through an interactive faucet that will be available on the Cosmos Hub. You will need to connect your wallet to the faucet in order to receive your tokens.
In order to connect your wallet, you will need to:
1. Copy your wallet’s address. You can find this by selecting the “Public Address” tab in your wallet.
2. Paste your address into the “Address” field on the airdrop page.
3. Click the “Connect Wallet” button.
4. Once your wallet is connected, click the “Claim Airdrop” button.
5. You should now see your account balance updated with the amount of tokens you were allocated from the airdrop!
Conclusion
To recap, in order to get free Cosmos tokens from the airdrop, you’ll need to:
1. Find a Cosmos wallet that supports the airdrop (we recommend the Atomic Wallet)
2. Sign up for an account with the wallet provider
3. Follow the instructions on how to receive your free Cosmos tokens
