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Airdrops explainer for the noobs.
Crypto airdrops are mostly gifts. You can declare them as gifts in taxes.
Usually Airdrops are maid in worthless tokens , or points or some very small amount of money.
+ They may be incentive gifts from bag holders of some crypto coin or token. You get airdrop, the token creator sells the token , while you hold it to get airdrop. usuall scam to trick people into buying some token that promised airdrops.
+ They may be rebates of some digital service , where rebaits are paid airdrops.
+ They may be voting rights in some platfrom or digital community.
+ They may be incentive points for people who feel more rich with some worthless tokens in a game or digital platform. Like the likes for women in underwear on Instagram.
+ Airdrops could be dividents, in which case they are capital gains in terms of taxes.
+ Likes are airdrops from social media, but you can not trade them. Only use them to boost post visibility on the platform. How does one declare YouTube likes in tax calculation ???
in conclusion : most airdrops are worthless , but they could be a useful tool for distribution of voting rights for users or customers or stock crypto stock holders, like the voting reminder mail paper you get in democratic countries.
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