What is an airdrop?

Imagine getting free shares in a new company – that's what an airdrop is all about. Blockchain projects distribute their native tokens for free to existing users or those who meet specific criteria. This serves several purposes:

Raising awareness: Airdrops draw attention and spread the word about the project.

Incentivize participation: Free tokens act as a reward for signing up, using the platform, or completing tasks, ultimately building a dedicated user base.

Promoting Network Effects: With more users owning and using the tokens, the project's ecosystem thrives, creating a self-sustaining network$SOL