
Beyond Free Tokens: Airdrops As DeFi Growth Hack
Crypto airdrops: free tokens distributed to crypto wallets, are a unique and exciting way to get involved in new blockchain projects. Imagine receiving free cryptocurrency just for being an active member of a crypto community or holding specific tokens. Airdrops have become a popular marketing strategy for blockchain startups looking to gain traction and build a strong user base. But what exactly are crypto airdrops, how do they work, and how can you participate safely? Let's dive in and explore the world of crypto airdrops.
What is a Crypto Airdrop?
Definition and Purpose
A crypto airdrop is the distribution of cryptocurrency tokens or coins, usually for free, to numerous wallet addresses. Blockchain projects typically use airdrops as a promotional tactic to:
Increase awareness of their p...