Crypto airdrops are a marketing strategy used by blockchain projects to distribute free tokens or cryptocurrencies to a specific group of individuals. The main purpose of an airdrop is to promote the project, create awareness, and reward the community.
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There are different types of crypto airdrops, and Iâll mention a few of them:
âą Basic Airdrop: In this type, you need to hold a certain currency to receive the token supply. For example, Solana launched their Saga phone, which came with some BONK tokens.
âą Hodler Airdrop: Here, you need to hold a token until a snapshot is taken, and then eligible wallets receive the airdrop.
âą Bounty/Bonus Airdrop: In this type, you have to promote the project on social media, write about them, or create content for them. By the way, Iâm also up for a collab on projects đ
âą Staking Airdrop: You stake your tokens to receive additional tokens. Recently, we had the IONet airdrop where you had to stake BNB tokens for three days to get IO tokens.
These are just a few examples. If youâre new to crypto airdrops and havenât participated in any, you should definitely research them. Many famous creators earn well just by farming airdrops. If youâre in the crypto space and just trade crypto, you should consider airdrops as they can be a great way to generate money.
I know many people in my circle who made good money from ARB, Dym, and Sui airdrops. These were six-digit airdrops, which is huge! I felt left out after they told me. Remember, donât sleep on airdrops!