Airdrop Term in Crypto

Friends, there is a term called airdrop in crypto. So what is this airdrop? Let’s focus on this a bit and examine the biggest airdrops.
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“The term “airdrop” typically refers to the free distribution of a certain cryptocurrency or digital asset by a project to users holding a specific cryptocurrency. This is often done to promote the project, grow the community, and incentivize users. Here are some historically significant and large airdrops:

1. Bitcoin Cash (BCH) Airdrop (2017): Bitcoin Cash resulted from a fork in the Bitcoin network. With the creation of Bitcoin Cash, users holding Bitcoin in their wallets received an equal amount of Bitcoin Cash.
2. Ethereum (ETH) Airdrop (2015): Ethereum was introduced as a platform enabling smart contracts and decentralized applications in the cryptocurrency world. Upon the launch of Ethereum, some Bitcoin holders were airdropped a portion of Ethereum.
3. OmiseGO (OMG) Airdrop (2017): OmiseGO, an Ethereum-based project, garnered attention by distributing OMG tokens to users based on their Ethereum holdings. This airdrop had a significant impact within the Ethereum community.
4. EOS (EOS) Airdrop (2018): EOS was developed as a blockchain platform aiming to provide users with a faster and more scalable blockchain experience. EOS conducted a substantial airdrop by distributing EOS tokens to Ethereum holders who supported the project.
5. Decred (DCR) Airdrop (2016): Decred is a community-managed digital currency and blockchain project. Initially, Decred was introduced by distributing a certain amount of DCR for free to some Bitcoin holders.

Airdrops serve as an effective marketing strategy to increase the popularity of projects and expand their communities. However, users should carefully examine the project before participating in airdrops and assess their credibility. Additionally, since airdrops are often targeted at holders of specific cryptocurrencies, it’s important to note that not everyone may be eligible to participate.”

Reference:

https://medium.com/@jacksparrow0102/airdrop-term-in-crypto-de27acd93ff5