Cryptocurrency Airdrop

A crypto airdrop is a marketing method employed by startups in the cryptocurrency space.
It involves delivering tokens to the wallets of current cryptocurrency traders, either for free or in exchange for a small promotional service.
The airdrop is meant to spread awareness and increase ownership of the currency startup.
While some are legitimate, other airdrops have been seen as fraudulent when attempting to steal wallet or personal information.
Airdrops may be based on those who express interest, hold existing tokens, are intentionally selected, or win raffles.
Understanding Cryptocurrency Airdrops
A crypto airdrop is a promotional activity typically performed by blockchain-based startups to help bootstrap a virtual currency project.
Airdrops are generally promoted on the company's website, social media, and cryptocurrency forums. Coins or tokens are sent only to specific wallets based on the blockchain network or coins held in existing wallets.

To qualify for the free gift, a recipient may need to hold a minimum quantity of the crypto coins in their wallet. Alternatively, they may need to perform a certain task, such as posting about the currency on a social media forum, connecting with a particular member of the blockchain project, or writing a blog post Its aim is to spread awareness about the cryptocurrency project and to get more people trading in it when it lists on an exchange as an initial coin offering (ICO).