💯What is Airdrop? Effects of airdrop on the project

☑Airdrop is the activity of distributing new tokens or coins created by the project to the cryptocurrency community. Developers often use airdrops as a promotional tactic to increase awareness of the project and attract investors.

đŸ’„Airdrop classification

âŹ†ïžStandard Airdrop: The person who wants to receive the airdrop provides a valid wallet address and some simple information. Standard airdrops usually have a fixed number of tokens and limited rewards.

âŹ†ïžTask airdrop: Users complete tasks, often related to project promotion by sharing information on social networks, referring friends...

âŹ†ïžAirdrop holder: Gives rewards to token holders, the number of holdings determines the reward size.

âŹ†ïžExclusive airdrop: Select specific individuals to participate in the airdrop, based on token holdings, contributions to the project, trading activities and active participation in groups...

âŹ†ïžRaffle airdrop: Participants earn lottery tickets through holding tokens, accumulating points or participating in interactions on social networks.

🎁Some famous airdrop programs like Binance's Megadrop are popular with users thanks to their simple participation methods and attractive rewards. Megadrop projects are listed on Binance, providing high profit growth opportunities.

đŸ”„To participate, users need to lock BNB tokens into Binance Simple Earn and/or complete Web3 Quests on Binance Web3 Wallet. Users not only receive rewards from the project but also share attractive profits when depositing BNB into the exchange's Earn products.

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