what is Airdrop in crypto?
crypto Airdrop is a process where token creator company distributed Thier token to peoples free of charges.those airdrops usually serve as marketing strategy intend to spread awareness about new crypto currency .
why do companies do Airdrops?
Airdrops are a potent tool to spread the word about a new cryptocurrency. People naturally get excited about free stuff, which helps generate buzz around the new token.
how many Airdrops are there?
1)Standard Airdrops: In standard airdrops, tokens are distributed to users who hold a specific cryptocurrency. The basis for such airdrops is typically the blockchain the new token is built on.
2) Holder Airdrops: This type of airdrop is a reward system for holders of a certain coin. Companies will select a particular cryptocurrency, and all holders of that cryptocurrency will receive an airdrop, regardless of the platform.
3)Exclusive Airdrops: Some airdrops are exclusive, which means they're available only to a select group of people. For instance, the token creators may choose to airdrop tokens to their subscribers or community members. To qualify for these airdrops, users often need to sign up or join a specific group or community.
4)Bounty Airdrops: These airdrops are designed to reward users for completing specific tasks. These tasks could range from sharing a social media post, writing a blog article, referring a friend, or even fixing bugs in the project's software. Upon successful completion, the user receives the tokens as a bounty reward.
How do crypto Airdrops work?
The process varies depending on the company and the type of airdrop. But generally, it follows these steps:
1)Announcement: Companies usually announce airdrops on their social media channels or via email newsletters.
2)User Action: Depending on the type of airdrop, users might need to perform specific actions.
For example, for holder airdrops, you'll need to have the required cryptocurrency in your wallet. For standard airdrops, you might need to complete a form or sign up for a newsletter.
3)Distribution: eligible will get.