Crypto Airdrops Explained: Free Tokens, Risks, and How to Find Legitimate Opportunities
Crypto airdrops have become a popular way for blockchain projects to distribute tokens, reward early adopters, and build community awareness. Imagine receiving free cryptocurrency simply for holding a particular token or interacting with a specific platform. Sounds enticing, right? This article delves into the world of crypto airdrops, explaining what they are, why they happen, the different types, how to find legitimate ones, and the potential risks involved.
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. It's primarily a marketing strategy used by blockchain startups to boost awareness and adoption of their projects. The tokens are typically distributed to existing...