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Nairaland Forum / Nairaland / General / Investment / What Is A Crypto Airdrop? (175 Views)
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What Is A Crypto Airdrop? by Emmanuel1edward(m): 4:01pm On Jan 10 |
Airdrops involve crypto projects sending free tokens en masse to their communities in a bid to encourage adoption. Crypto users that frequently interact with new and existing platforms will likely receive an airdrop at some stage. Airdrops involve blockchain-based projects and developers sending out free tokens to members of their communities as part of a broader marketing initiative. The main idea is to send newly minted tokens to hundreds or thousands of different wallet addresses with the hope recipients will be more inclined to engage with the corresponding project β even if itβs only to learn how to cash out the free tokens into something else. Crypto Prices CoinDesk Market Index Technology What Is a Crypto Airdrop? Crypto airdrop concept (Getty) Technology What Is a Crypto Airdrop? Airdrops involve crypto projects sending free tokens en masse to their communities in a bid to encourage adoption. By Andrey Sergeenkov Updated May 11, 2023 at 6:04 p.m. Beginner Crypto users that frequently interact with new and existing platforms will likely receive an airdrop at some stage. Airdrops involve blockchain-based projects and developers sending out free tokens to members of their communities as part of a broader marketing initiative. The main idea is to send newly minted tokens to hundreds or thousands of different wallet addresses with the hope recipients will be more inclined to engage with the corresponding project β even if itβs only to learn how to cash out the free tokens into something else. CFTC Commissioner on DeFi Identity, Regulation... This concept is similar to finding a free discount card in your mailbox to encourage you to visit a new store in the area. However, a crypto airdrop isn't predominantly about making the recipient spend money but rather raising awareness for new projects and services. In most cases, a crypto airdrop is issued to users in exchange for completing a certain task. These tasks often involve things such as: Following an account on social media. Sharing or retweeting one of their posts, including hashtags. Sending or receiving a transaction (using a particular crypto platform or wallet). Creating an account and signing up to receive updates. There are also instances when a crypto airdrop may be issued to users without needing to do anything, as we will highlight. |
Re: What Is A Crypto Airdrop? by olushollys(m): 8:21pm On Jan 11 |
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