Airdrop

A crypto airdrop is a promotional strategy used by blockchain startups to distribute tokens or coins to specific wallet addresses, aiming to raise awareness and increase ownership of a new cryptocurrency.

These airdrops are often targeted at active members of the blockchain community, rewarding them with small amounts of the new virtual currency for free or in exchange for simple promotional tasks like retweeting a post or engaging with the project on social media. By leveraging airdrops, companies can boost visibility, stimulate trade, and create excitement around their projects. While legitimate airdrops can be beneficial for both the project and participants, there is a risk of fraudulent schemes attempting to steal personal information or funds, highlighting the importance of caution and due diligence in participating in airdrop campaigns.