What Is an Airdrop in Crypto?

Krutika Adani

Crypto airdrops are marketing strategies that projects sometimes adopt in the industry, to gain publicity

It involves distributing tokens to specific user wallets, either for free or in exchange for tasks performed by the recipients

To qualify for an airdrop, you might need to hold a minimum quantity of some crypto in your wallet, or perform some tasks

Some of these tasks can include subscribing to social networks, participating in marketing campaigns, bridging tokens, etc

Overall, while legit airdrops can offer (tons) of free crypto to deserving users, some (if not most) are schemes to steal wallet information

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