What is Snapshot in Airdrop? No idea? We know! It’s been raining airdrops since the last fortnight in the crypto world but what is a snapshot in airdrop, a precursor before any airdrop? Let’s know all about it.

It’s been raining airdrops since the last fortnight in the crypto world. First came $DOGS, then a flood of airdrops followed in the crypto domain starting with &CATS, $GOATS, and $Tomarket. $Tomarket was the first crypto game that came into the limelight due to its announcement of 2nd September as airdrop snapshot day.

However, everyone had the same question, “What is Snapshot in Airdrop?”. Well, let’s find out in detail!

What is Snapshot in Airdrop?

Airdrops are an easy method to distribute free cryptocurrency to increase the community base of any new virtual coin. This process is carried out through different mechanisms such as Telegram usage, tap-to-earn clicker games, or referrals. This is a popular strategy to distribute tokens to existing users of a new blockchain technology.

But how to validate these users before making the airdrop or distributing the tokens? There has to be evidence to validate the truth or authenticity of meeting the airdrop pre-requisite or requirements. This is where the snapshot comes into the picture.

Snapshot is a digital record of a blockchain’s current state at a particular moment in time

Snapshot in reference to Airdrop

Snapshot in simple words is a screenshot or digital photograph of a crypto blockchain at any given time. It is proof that a user has a particular amount of crypto when the screenshot or record is taken. This record contains critical information about token holders, token balances, and token addresses.

What is Snapshot in Airdrop? Role in Airdrops

Any airdrop requires proof before token distribution. This is accomplished through Screenshots in Airdrop. Through Screenshot airdrop distributors:

1. Determine Eligibility
2. Ensure Token Distribution Fairness
3. Stop Airdrop Token Manipulation
4. Encourage Airdrop Transparency, and
5. Promote Community Trust

To summarise, a snapshot ensures the above-mentioned solution in any airdrop.

What is Snapshot in Airdrop? Types of Snapshot

Every airdrop has a different set of requirements to be fulfilled by crypto investors.These need to be fulfilled to receive free airdrops in a user’s crypto wallets. For this reason, there are different snapshot types used to confirm airdrops. These are:

1. Simple Snapshot: The most basic snapshot that captures the state of blockchain at a particular moment in time.
2. Weighted Snapshot: In this snapshot amount of airdrop disbursed to users depends on their total amount of crypto holdings at a particular moment in time.
3. Multiple Time Snapshot: In this snapshot, multiple snapshots are taken over consecutive time periods, and often average of these moments are weighed in to disburse free airdrops.

Thus Airdrop Snapshots aren’t as simple as it sounds, isn’t it?

What is Snapshot in Airdrop? Snapshot Factors

Any airdrop that uses a snapshot before airdrop needs to adhere to certain factors before initiating a snapshot. These are:

1. Achieve Airdrop Project Goals: Any snapshot should complete the purpose of the airdrop, be it increasing community members or promoting revenue generation.
2. Uphold Airdrop Fairness: The snapshot should ensure every participant is equal, and no preferable treatment is given to any single person.
3. Reinforce Airdrop Security: The snapshot should be protected from hacking or any other digital tampering.
4. Airdrop Transparency: The snapshot should be fair and equal, it should be open to each and every participant of the airdrop.

Any airdrop snapshot should follow above mentioned guidelines to make any airdrop event successful in the crypto world.

What is Snapshot in Airdrop? Final Thoughts

Snapshot is not just a pretty screenshot as most crypto enthusiasts believe. It is critical to make any airdrop successful. Snapshot before any airdrop event provides a protocol or mechanism to check user eligibility, fair token distribution, and fraud prevention.

Thus airdrop projects use different snapshots to ensure impartiality and fairness during token generation events. Hope, this helped you to understand the question,” What is Snapshot in Airdrop?” Next, time be patient when a snapshot happens as it is a must precursor to a successful airdrop or token generation event.

Also Read: $Tomato 2nd Airdrop Snapshot in October