Georgiana1x
@georgiana1x
How Do Crypto Airdrops Work? A crypto airdrop is a free token distribution to users for promotional purposes. Types of Airdrops: Standard Airdrops – Free tokens sent to users who meet eligibility criteria. Bounty Airdrops – Requires completing tasks (e.g., social media engagement). Holder Airdrops – Sent to users holding specific assets (e.g., XRP holders receiving FLR tokens). Why Projects Do Airdrops: Marketing – Attracts new users. Decentralization – Distributes tokens to the community. How to Participate: Follow projects on Twitter and Discord for announcements. Use DeFi protocols early (e.g., Uniswap rewarded early users). Watch for wallet snapshots (eligibility based on holdings). Risks: Scams – Some fake airdrops steal funds. Dust attacks – Hackers send small tokens to track wallets. Airdrops offer free tokens, but always verify legitimacy before claiming.
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