A crypto airdrop is a strategy used by blockchain startups to distribute tokens or coins to specific wallet addresses.
Airdrops strive to raise awareness and adoption of new blockchain projects.
There are different types of airdrops, and they may require participants to perform certain tasks or hold a certain amount of existing tokens.
Participants interested in receiving an airdrop simply express their interest in order to receive the airdrop. The individual must provide a valid wallet address, and some airdrops require no additional information beyond this.
A crypto airdrop usually involves the following steps:
The project team communicates the details and requirements of the airdrop through their official channels or cryptocurrency communities.
The interested participants register for the airdrop by providing their wallet address and other information or performing the required tasks.
The project team verifies the eligibility and validity of the participants and distributes the tokens to their wallets according to the rules of the airdrop.
The participants receive the tokens in their wallets and can use them according to the terms and conditions of the project.