What is an Airdrop?

Since launch in 2014, the Ethereum network and community has grown significantly to support hundreds of thousands of independently listed Blockchain projects, including smart contract offerings and tokanised equity, assets or ICOs. For years now, project teams have built early traction by distributing free tokens to the community at large, through Airdrops. There have been several thousand Airdrops to date.

Most Ethereum airdrops involve ERC-20 tokens which are created on, and live only on the Ethereum network.

The low cost of the airdrop model often makes it the preferred method to directly engage with the community at large. To avoid distributing tokens to lost, compromised or unusable wallets, most Airdrops target balance holding wallets, some target recently active wallets while some request users register for participation in advance. So in short, lots of people have lots of tokens, worth millions, and most of them don't even know it yet. You couldn't make it up.

Ethersweep was actually built after one of the founders checked an old Ethereum wallet to find over $500 of tokens unknowlingly accumulated through airdrops. Since no easy conversion process exists, those tokens took several days to convert to ETH, incurring an unnecessary amount of fees. A solution was needed.