A crypto airdrop is a marketing tactic where blockchain projects distribute free tokens to users’ wallets to promote their venture and encourage participation.

Airdrop Meaning

An airdrop in the crypto world is a strategy where free tokens or coins are sent to wallet addresses to promote a blockchain project. Airdrops serve as incentives for users to engage with and support the project. However, they can vary in form and requirements.

What is a Crypto Airdrop?

A crypto airdrop is a tool for blockchain start-ups to build excitement and spread the word about their new ventures. By distributing free tokens, these projects encourage ownership and active community involvement.

Types of Crypto Airdrops

  1. Exclusive Airdrop – Targets individuals with a history of supporting the project, rewarding their loyalty.
  2. Bounty Airdrop – Requires participants to complete promotional activities before receiving tokens.
  3. Holder Airdrop – Rewards existing token holders based on their holdings at a predetermined time.

Spotting Fake Airdrops

While airdrops can be beneficial, they can also be traps set by scammers. To protect yourself, consider these tips: