What is DeFi, NFTs & Airdrops? A Simple Guide for Beginners
What is DeFi? (Decentralized Finance)
DeFi stands for Decentralized Finance — financial services built on blockchain that don’t require banks or intermediaries. You can lend, borrow, trade, or earn interest using smart contracts on platforms like Uniswap, Aave, PancakeSwap.
NFT :
NFTs are unique digital assets stored on a blockchain. They can represent art, music, videos, game items, or even certificates. Each NFT has a unique ID and can’t be exchanged 1:1 like Bitcoin or Ethereum.
Airdrop :
An airdrop is when a crypto project gives out free tokens to users — either as a promotion or reward. These can be earned by holding certain coins or completing simple tasks like following on Twitter or using a dApp.
Types of Airdrops:
Holder Airdrops: For holding specific tokens
Task-based Airdrops: For completing social or on-chain activities
Community Rewards: For early users or contributors
