The Meaning & How It Works [Detailed Guide]
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The Meaning & How It Works [Detailed Guide]

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Airdrop is the act of distributing native coins to promote and increase brand awareness of new cryptocurrency projects.

In order to incentivize participants on new crypto projects, they are usually required to complete simple tasks to be eligible for the airdrops.

These crypto airdrop tasks may include joining the project Telegram group, or even promoting it on social media platforms.

Sometimes, no effort is needed at all; participants can automatically qualify, if they own a certain amount of the project’s native coin.

It is a win-win situation as participants receive free tokens, while the issuing project benefits from the enhanced branding and community.

However, cryptocurrency airdrops are genuine ways to earn free altcoins without investing your money.

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