Do you know How #Airdrop Work?
Crypto #AirdropGuide are marketing stunts in which a cryptocurrency project or company makes an unsolicited deposit of a coin or token into numerous digital wallets .
Here is how it works -
A project announces an airdrop with specific requirements, such as signing up or completing tasks.
Eligible participants must have a crypto wallet.
There are two important dates to look out for:
1) Snapshot: The date by which requirements must be fulfilled to be eligible.
2) Distribution: The date when airdropped coins are received in the wallet.
#Airdrops can be standard (requiring sign-up), bounty (requiring tasks), or holder/exclusive (rewarding loyal holders).- Airdrops help projects establish legitimacy, amplify marketing, and reward loyal members.-
Recipients benefit from receiving free crypto, but risks include scams and market volatility.