Airdrops

What are Airdrops?

Crypto airdrops are a marketing method businesses use to distribute free tokens to existing cryptocurrency traders in exchange for minimum promotional work. Nothing is more essential to most crypto investors than generating a profit on their investment.

Types of Airdrops

• Standard airdrop: Tokens are provided for free in a regular airdrop, and no specific actions are required. All you need to do is set up an account someplace and provide your wallet address. Because there may only be a limited number of tokens available for the airdrop, you must arrive early. These crypto airdrops are pretty popular because they are simple to participate in and provide free cryptocurrency. A draw can be used to distribute the tokens in a fair manner. You have a chance to win free cryptocurrency in this situation, but you are not assured of winning the airdrop.

• Bounty airdrop: You can earn rewards for accomplishing tasks by using bounty airdrops. These tasks require a significant amount of effort, hence the cost of free cryptocurrency tokens is energy and effort. Often, the duties are simple but important for a crypto project.

References 

[1] Cointelegraph, 'What is a crypto airdrop, and how does it work?' (online, 2022) <https://cointelegraph.com/news/what-is-a-crypto-airdrop-and-how-does-it-work>