Airdrop is a method in the cryptocurrency world where a project distributes tokens to a specific audience or community for free. Usually, the promotion of a new project is done to get users to try the project or to reward an existing community. Airdrops are used as an incentive mechanism for users to recognize, adopt and spread the project. Airdrops can generally occur in the following ways:
Distribution to Token Holders: Distribution of new tokens to users who hold a particular token.