Crypto airdrops are distributions of cryptocurrency tokens or coins, usually for free, to numerous wallet addresses. They are typically used as a marketing strategy to raise awareness, reward loyal customers, or distribute tokens during a new project's launch. Here's how they work:
Eligibility: Users may need to hold a specific cryptocurrency or register on a platform.Distribution: Tokens are sent directly to eligible users' wallets.Purpose: To create buzz, increase adoption, and reward participation.
Airdrops help projects gain traction and users to diversify their portfolios.