The crypto airdrop is a marketing method employed by startups in the cryptocurrency space. It involves delivering bitcoins or tokens to the wallets of current cryptocurrency traders, either for.
An airdrop is an event where a blockchain project freely distributes their coins or tokens to the public. The conditions for receiving an airdrop vary however, in most cases, individuals must meet specific criteria to be eligible.
A crypto airdrop, coin airdrop, or cryptocurrency airdrop, is a limited-time event created by a cryptocurrency project to promote their digital asset. How? By distributing their crypto-tokens or coins to early adopters, for free.
In the right definition, airdrops are processes, whereby new tokens or coins are awarded or distributed to investors that has already existing coins (like, bitcoins or ethereum etc.).
sometimes an airdrop will occur if a team behind the blockchain project decides to give away free tokens to the cryptocurrency community.
crypto refers to the fact that various encryption algorithms and cryptographic techniques, such as elliptical curve encryption, public-private key pairs, and hashing functions, are employed. Now that cryptocurrencies have been defined, we can now move on to finally talking about what airdrops are and dissecting them.