What is an Airdrop?

An airdrop is the process of distributing new digital currencies or tokens for free to a group of users. Cryptocurrency projects often take this step to promote their project and attract new users, or to reward existing users for their support and holding of the currency (HODLers).

**How to participate in an airdrop on the Binance platform:**

1. **Having an account on Binance:**

You must have an active account on the Binance platform.

2. **Holding the required currency:**

Airdrop campaigns often require you to hold a specific currency in your wallet on the platform for a certain period, which is specified in the campaign terms.

3. **Following official announcements:**

Binance announces new airdrops through its official website and social media pages. You should follow these announcements to know the details of each campaign.

4. **Snapshot date:**

In most airdrops, a specific time is set to take a "snapshot" of user balances, and you must hold the required currency at that time.

5. **Receiving the currencies:**

After the campaign ends, the free coins or tokens are automatically distributed to the accounts of eligible users without the need for any additional action.

**Important tips:**

- Do not share your personal information or private keys with any unofficial entity.

- Always make sure to follow the news from official sources.