Knowledge of Cryptocurrency Airdrops: Types, Advantages, and Dangers
A cryptocurrency airdrop, which is frequently employed as a marketing tactic to advertise new projects, is the free delivery of tokens or currencies to several wallet addresses.
There are three basic kinds of airdrops: normal, bounty, and exclusive drops. Each has its own set of requirements for eligibility and distribution strategies.
Usually, users must interact with the project by completing activities like social media sharing, holding particular tokens, or enrolling on the project's site in order to take part in airdrops.
Free tokens, early access to new initiatives, and possible financial gains if the token's value rises are some advantages of airdrops.
On the other hand, hazards include the potential for scams, privacy issues, and the potential for tokens to be useless or of low value.