What are airdrop tokens?

Airdrops can be used to reward early adopters, attract new users to a platform, or create a more decentralized network. This comprehensive guide will take a closer look at how to airdrop tokens, what tokens airdrops are; including the steps involved, the benefits, and some useful tips to ensure a successful airdrop campaign.

What is drops & how does it work?

Drops is an end-to-end blockchain platform that aims to maximize the value of NFTs through products that help improve liquidity and utility. Drops’ two primary features are the ability to convert NFTs to fungible ERC-20 tokens supported by liquidity pools, and the borrowing of liquidity provider (LP) tokens that can be staked to earn more tokens.

Why do crypto projects use airdrops?

Cryptocurrency projects often use airdrops as part of their token launch strategy in an effort to raise awareness within the crypto community and encourage recipients to use their tokens.

What is a DOP token?

The DOP Token is the native utility token of Drops, used to participate in the platform’s governance protocol, allowing holders to vote on multiple system parameters. The platform has two kinds of voting systems: on-chain and off-chain governance.