What is Airdrop?

Airdrop is a popular marketing technique applied in the crypto world to promote a specific coin or token. It is used to increase the interest in a specific project and speed up the acceptance of a coin. As a promotional tactic, it represents a free distribution of coins to multiple wallet addresses in an effort to build a community swiftly.

Tokens may be airdropped to wallet addresses on specific blockchain networks such as Ethereum or Bitcoin. Users can be entitled to airdrop tokens when they perform certain tasks, such as liking or sharing posts associated with the tokens.

Upcoming airdrops can be found on the projects’ websites, or they could be listed on airdrop tracking sites. Because of how airdrop works, it is considered to be free money.

You May Also Like

All-or-none order (AON)
– Advertisement –

Other Glossary Terms