#AirdropStepByStep What is a crypto airdrop?
A cryptocurrency airdrop is a free distribution of tokens or digital coins to a specific group of users, usually as a marketing strategy to promote a new project or increase the adoption of a cryptocurrency.
How does an airdrop work?
A new cryptocurrency project or company announces an airdrop, usually on its social media, websites, or online communities.
The project sets the eligibility criteria to participate in the airdrop, such as having a specific digital wallet, interacting with the project on social media, or completing other tasks.
The company distributes the tokens or coins to users who qualify, typically to specific wallet addresses.
Users may receive tokens or coins that can be traded, used within the platform, or even have the potential to appreciate if the project succeeds.