What is airdrop in crypto

Airdrops are a promotional method used by blockchain-based projects to distribute tokens or cryptocurrency to a large number of people for free or at a minimal cost. Airdrops are typically used to increase awareness and adoption of a new cryptocurrency or token, as well as to reward existing users of a platform.

In an airdrop, users may be required to complete certain tasks, such as following social media accounts or referring new users to the platform, in order to receive the airdropped tokens. Airdrops can also be distributed automatically to all users of a particular blockchain network, based on their existing holdings of certain cryptocurrencies.

Airdrops can be a way for blockchain-based projects to build a community and increase user engagement. However, it’s important to be cautious of scams and fake airdrops, which may try to steal personal information or funds from unsuspecting users.

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this is indeed very educative

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@joyofthemosthigh22 thank you … nice to help you

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