WHAT IS A CRYPTO AIRDROP?

An airdrop in crypto is a marketing strategy used by blockchain projects to distribute free tokens or coins to a large number of people. The goal of an airdrop is to increase awareness and adoption of the project by incentivizing people to learn about and use the project’s tokens or coins.

Airdrops can take many forms, from simple giveaways to more complex tasks such as completing surveys or participating in social media campaigns. Airdrops are typically announced on the project’s website or social media channels, and participants are required to follow specific instructions to receive the free tokens or coins.

HOW CAN YOU FIND AIRDROPS?
There are several ways to find airdrops in the crypto space. One way is to follow blockchain projects on social media platforms such as Twitter, Telegram, and Reddit. Projects often announce airdrops on these platforms, and participants are required to follow specific instructions to receive the free tokens or coins.

Another way to find airdrops is to use airdrop aggregator websites, which compile a list of ongoing and upcoming airdrops. These websites typically require users to create an account and complete certain tasks to receive the free tokens or coins.

WHY ARE AIRDROPS DONE?
Airdrops are done for several reasons. One reason is to increase awareness and adoption of the project. By distributing free tokens or coins, projects can incentivize people to learn about and use their tokens or coins, which can help increase the project’s user base and market value.

Another reason for airdrops is to reward existing users or investors. Projects may distribute free tokens or coins to existing users or investors as a way to thank them for their support and encourage them to continue using or investing in the project.

Finally, airdrops can also be used as a way to distribute tokens or coins that were not sold during an initial coin offering (ICO) or other fundraising event. By distributing these tokens or coins for free, projects can avoid the negative impact of having unsold tokens or coins on their balance sheet.