What is crypto airdrop?

Crypto Airdrop is mechanism of dropping crypto tokens in a certain proportion to existing holders of a particular token, or network/protocol participant. The purpose is to kickstart activity on a protocol or a blockchain by inviting users and in return rewarding them with free airdrops of crypto token.

What is a free airdrop & how does it work?

The purpose is to kickstart activity on a protocol or a blockchain by inviting users and in return rewarding them with free airdrops of crypto token. Different protocols uses different method to distribute the tokens to these participants.

What are airdrops & how do they work?

An innovative approach was essential for making the ‘coin’ stand out. Enter airdrops! Airdrops are essentially free crypto coins or tokens that are distributed to users who are already holding a specific base currency in their wallets. As the word suggests, airdrops refer to the free ‘dropping’ of coins or tokens in a user’s wallet.