A cryptocurrency airdrop is a distribution of a cryptocurrency token or coin, usually for free, to a large number of wallet addresses. Airdrops are often used as a marketing strategy to create awareness about a new cryptocurrency project, incentivize usage, or reward loyal members of a community. Recipients of airdrops might need to meet certain criteria, such as holding a specific amount of another cryptocurrency or completing promotional tasks like sharing social media posts or signing up for a newsletter.
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