Ethereum Update: Official Airdrop
August 17, 2019

At Ethereum, we believe that coins are most useful when they are widely used to the extent practicable. In the case of accessing, managing and paying with a range of different cryptocurrencies, a wide distribution is also critically important for network security. Unfortunately, not everyone have spare time, opportunity, and technical proficiency necessary to get on the earliest moments of a coin generation’s events.

In Ethereum’s case, 4% has been set aside from the total issuance, ready to be distributed by an automatic airdrop. That is, now every address on the Ethereum blockchain that has a balance over a minimum threshold of 1 ETH will receive a share of this 4% that is proportional to their share of ETH.

The interest rate is 33%. For every 1 Ethereum that you hold, you can receive 0.33 ETH coins as an airdrop.


My ETH is on an exchange. How can I receive the airdrop?

Exchanges will not support the Ethereum airdrop and we will not be able to airdrop the coins to your wallet. In order to receive the ETH airdrop you need to:

1. Have a personal Ethereum wallet (like MyEtherWallet, Parity and etc.) where you hold the actual private key.
2. Withdraw your ETH balance from the exchange you have them on your personal wallet.
3. Enter your address, balance and follow the steps above to charge your coins.


What is Ethereum?

Ethereum is an open-source software that uses blockchain technology to create smart contracts and allow cryptocurrency trading in its own currency, called Ether (typically listed on exchanges as ETH).