On Mar 16, 2024, 22:04 PM(UTC). According to Binance Market | markethio on Binance Square

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On Mar 16, 2024, 22:04 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 65,400 USDT and is now trading at 65,380.9375 USDT, with a 5.45% decrease in 24 hours.
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Join our exciting REVOX airdrop campaign with Binance Web3 Wallet! Use my invite code RB0C7C to earn REVOX $RGT AIRDROP! Find REVOX campaign on Binance Web3 Wallet. #REVOX #binanceweb3 @ReadOnMe3 https://revox.readon.me/

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Join our exciting REVOX airdrop campaign with Binance Web3 Wallet! Use my invite code RB0C7C to earn REVOX $RGT AIRDROP! Find REVOX campaign on Binance Web3 Wallet. #REVOX #binanceweb3 @ReadOnMe3 https://revox.readon.me/#AirdropGuide #Megadrop #BinanceTournament

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Crypto airdrops are a marketing strategy used by blockchain-based projects to distribute free tokens or coins to a specific group of people. This is often done to promote the project, increase awareness, and incentivize participation in the ecosystem. Here's how they generally work: 1. **Eligibility Criteria**: Projects usually set specific criteria for eligibility to receive the airdrop. These criteria can include holding a particular cryptocurrency in a wallet, participating in community activities, or registering on a project's platform. 2. **Snapshot**: A snapshot of the blockchain is taken at a specific time to record the balances of all eligible wallets. This snapshot determines who will receive the airdrop based on the set criteria. 3. **Distribution**: After the snapshot, the tokens are distributed to the eligible wallets. The distribution can happen automatically through smart contracts or manually by the project team. 4. **Promotion and Engagement**: By distributing tokens for free, projects hope to engage the community, increase the token's circulation, and promote its use within their ecosystem. ### Benefits of Airdrops 1. **Awareness and Adoption**: Airdrops can quickly raise awareness about a new project and encourage adoption by putting tokens directly into the hands of potential users. 2. **Decentralization**: By distributing tokens to a wide audience, airdrops can help achieve a more decentralized distribution of tokens. 3. **Incentivizing Actions**: Some airdrops are used to reward specific actions, like promoting the project on social media or contributing to its development. ### Types of Airdrops 1. **Standard Airdrops**: Tokens are distributed to existing holders of a particular cryptocurrency. 2. **Bounty Airdrops**: Users complete certain tasks (e.g., following on social media, signing up for newsletters) to receive tokens. 3. **Holder Airdrops**: Distributed to those who hold a specific amount of another cryptocurrency in their wallets. #AirdropGuide

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