#BinanceTurns7 Blockchain field to distribute tokens or coins to specific wallet addresses.

The airdrops seek to increase awareness and adoption of new blockchain projects.

There are different types of airdrops, and they may require participants to perform certain tasks or hold a certain amount of existing tokens.

Understanding Cryptocurrency Airdrops

A cryptocurrency airdrop is an activity typically undertaken by blockchain startups to help pave the way for a virtual currency project. The goal is to spread awareness about the cryptocurrency project and encourage more people to participate in it when it becomes available. Airdrops are generally communicated through the company's official channels and cryptocurrency communities. Coins or tokens are only sent to specific wallets based on the blockchain network or coins in existing wallets.