What Is an Airdrop in Crypto? Complete Guide to Free Cryptocurrency This text is initially created by the Changelly team. Read more at https://changelly.com/blog/what-is-airdrop/

in cryptocurrency •  last year 

A cryptocurrency airdrop is a free distribution of tokens by a particular blockchain project. ‘Airdrop‘ means dropping cargo (equipment, food) from an airplane or airborne landing. It’s more likely to be involved in the crypto sphere in the first sense: blockchain projects “dump” cargo in the form of their tokens. Most
This text is initially created by the Changelly team. Read more at https://changelly.com/blog/what-is-airdrop/

often, airdrops arrange projects for the sake of PR and brand promotion. Start-ups can thus attract investors, lure potential customers, or simply inform the crypto community about their existence. How to get free coins via airdrop? What are the most exciting airdrops that happened? Where to get information about the
This text is initially created by the Changelly team. Read more at https://changelly.com/blog/what-is-airdrop/

upcoming free cryptocurrency tokens distribution? Stay tuned and explore the world of airdrops with Changelly! Table of Contents Airdrop Basics: How Does Crypto Airdrop Work? Crypto airdrops work by offering free tokens to members of the crypto community who meet certain criteria or perform specific actions. For example, developers can send project
This text is initially created by the Changelly team. Read more at https://changelly.com/blog/what-is-airdrop/

coins to those who repost from their official pages on social networks or hold certain cryptocurrencies. In exchange, those who want to receive free cryptocurrency become a means for the instant distribution of information over the network. Airdrops are very similar to bounty campaigns launched during ICOs. However, the bounties
This text is initially created by the Changelly team. Read more at https://changelly.com/blog/what-is-airdrop/

aim at promoting a fundraising event, while the ultimate goal of an airdrop is to advertise a specific coin that is part of a new project, platform, or application. What are the benefits of crypto airdrop? The benefits of crypto airdrops include the opportunity to receive free tokens or coins, potentially
This text is initially created by the Changelly team. Read more at https://changelly.com/blog/what-is-airdrop/

earning a profit if their value grows in the future. Additionally, airdrops can help raise awareness of new crypto projects and increase their user base. Are crypto airdrops worth it? Whether or not crypto airdrops are worth it depends on individual circumstances and the legitimacy of the airdrop. If the airdrop
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is from a legitimate crypto project and the tokens or coins have potential value in the future, then participating in the airdrop could be worth it. However, it’s important to be cautious of airdrop scams and to thoroughly research the project and airdrop before participating. Types of Cryptocurrency Airdrop There are
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several types of airdrops from which you can benefit. We will explore them below. Automatic airdrop Holders of specific cryptocurrencies receive new coins that appear as a result of hard forks. The primary condition here is having a wallet that supports new coins. For example, Bitcoin holders automatically received the Bitcoin
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Cash cryptocurrency as a result of the hard fork of the Bitcoin network. Bounty airdrop Bounty airdrops are a way for crypto projects to reward users for performing specific tasks or completing specific objectives. These tasks can include promoting the project on social media, creating content, or even developing software. Bounty
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airdrops are a way for projects to build communities and incentivize users’ contributions. Incentive airdrop An incentive airdrop is a reward for certain actions that help in the dissemination of information about the project. Such actions may be advertising on social networks or the BitcoinTalk forum, publishing articles on blogs and news resources, making
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mailing lists, or creating groups on social networks. Holder airdrop Holder airdrops require you to have a certain amount of a particular cryptocurrency in your wallet to receive airdropped tokens. For example, those who wanted to get Stellar via airdrop had to confirm that they had a certain amount of Bitcoins. Furthermore,
This text is initially created by the Changelly team. Read more at https://changelly.com/blog/what-is-airdrop/

holders of NEO could get the Ontology Token. Standard airdrop
This text is initially created by the Changelly team. Read more at https://changelly.com/blog/what-is-airdrop/

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