What is airdrop?

An airdrop in the context of cryptocurrencies and blockchain technology refers to the distribution of free tokens or coins to a large number of wallet addresses. This distribution is typically done by developers or project teams as a way to promote a new cryptocurrency or blockchain project, create awareness, and potentially attract new users.
During an airdrop, tokens are usually sent to the wallets of existing cryptocurrency holders or to individuals who meet certain criteria, such as being part of a specific community or having participated in a particular event. Airdrops are often used as a marketing strategy to bootstrap a new project and encourage initial adoption.
It's important to note that participating in an airdrop usually requires individuals to have a compatible cryptocurrency wallet and to follow specific instructions provided by the project team. Airdrops can take various forms, including simple token distributions, participation in social media campaigns, or completing specific tasks to qualify for the free tokens.