Safety Procedures for Airdrop Operations of Cryptocurrencies

Despite their popularity, cryptocurrency distribution operations are not always risk-free as they may seem. As recipients receive tokens or coins in their wallets, the distributions are nothing more than pump and dump schemes. More specifically, the creator issues a token and hopes that there is enough hype around it to get it listed on a trading platform. Once trading of the tokens begins, the creator sells their large stake, leading to a sharp decline in its price. Therefore, it is essential to conduct thorough due diligence before participating in a cryptocurrency distribution operation.

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