Know what is airdrop

An airdrop is a marketing strategy in the cryptocurrency industry where tokens or coins are distributed for free to a specific group of people. It is often used to promote a new project or to reward existing users. Airdrops can be based on various criteria such as holding a specific token, participating in a specific platform, or completing certain tasks. The purpose of an airdrop is to create awareness, attract new users, and incentivize engagement within the crypto community. Airdrops can provide opportunities for users to earn tokens before they are listed on exchanges, potentially leading to financial gains.

Types of airdrops

∙ Standard Airdrop ∙ Bounty Airdrop ∙ Holder Airdrop ∙ Hard Fork Airdrop ∙ Exclusive Airdrop ∙ Raffle Airdrop

A standard airdrop is the most common type of crypto airdrop where tokens are distributed freely to a targeted audience. It typically involves participants expressing their interest in receiving the airdrop.