Airdrop

An Airdrop is a marketing strategy used by cryptocurrency projects to distribute free tokens to holders of a specific cryptocurrency. This is typically done to create awareness, reward loyal users, or encourage adoption of a new cryptocurrency.

During an Airdrop, holders of the specified cryptocurrency usually receive the free tokens directly in their wallets. This distribution is often done on a predetermined date and is usually announced in advance to allow interested parties to participate.

Airdrops can take various forms, such as simple transfers of tokens to existing holders or requiring participants to complete certain tasks, like sharing social media posts or joining a Telegram group. The amount of free tokens received during an Airdrop can vary depending on the rules set by the project.

Participating in Airdrops can be a way for cryptocurrency holders to diversify their portfolio and potentially benefit from the value appreciation of the free tokens. However, it’s important to exercise caution and thoroughly research any Airdrop before participating to avoid potential scams or risks.