Airdrop farming is a strategy in the cryptocurrency space where users receive tokens for free or for completing certain tasks. Free airdrops are typically used as a marketing tool to increase awareness and distribution of a new token. Users simply hold another token or sign up to become eligible without any upfront cost. For example, the recent Octoblock USDC airdrop rewards presale holders, emphasizing community engagement.

Paid airdrops, on the other hand, require users to engage in specific behaviors or hold certain tokens to qualify. These might include staking, liquidity provision, or participating in a presale. The JPEG’d DAO is considering airdrop farming strategies that involve deploying part of its treasury to earn potential airdrops, which is a form of paid participation.

The anticipation of airdrops can significantly affect the market. For instance, Solana’s price surged past $200 amid expectations of an upcoming airdrop3. This illustrates the impact airdrops can have, not just on individual wallets but on the broader market dynamics. #Aird‬⁩ops #farming #BinanceLaunchpool #TokenFarming