Are airdrops worth it?

Potential Worthlessness: Tokens may not have liquidity or value. Airdrops, as a concept and a practice, have become integral to the crypto economy and can present an innovative way for projects to build community, increase adoption, and reward loyalty. However, like many aspects of the crypto world, they come with potential pitfalls.

What are crypto airdrops?

Crypto airdrops are a way to earn free cryptocurrency. They involve crypto projects distributing their native cryptocurrency to their users. Each project decides whether and how to distribute airdrop crypto. Sometimes users have to complete activities to claim the coins or tokens.

What is a standard airdrop & how does it work?

1. Standard airdrop A standard airdrop is when a certain amount of cryptocurrency is sent to you in return for completing a simple task such as sharing a social media post, joining a whitelist, or providing your email address to sign up for a newsletter or other email services.

What are the different types of airdrops?

Standard Airdrops: These are known as the “general admissions” airdrops. You can apply by simply completing the required information or completing promotional tasks, and providing your crypto wallet address to receive the airdrop. Exclusive Airdrops: This is a “VIP” airdrop.