Airdrop

Introduction to Airdrops in the Cryptocurrency Universe

Airdrops have emerged as a fascinating aspect of the cryptocurrency world. Essentially, they are about free distribution of coins or tokens, usually to the wallets of current cryptocurrency holders. In this comprehensive guide, we'll dive deep into the concept of airdrops, exploring their purpose, benefits, and how they play a crucial role in the digital currency ecosystem.

What Exactly Is an Airdrop?

An airdrop, in the crypto context, is a marketing stunt that involves sending coins or tokens to wallet addresses in order to promote a new virtual currency. It is often done to gain attention and new followers, resulting in a larger user base and a wider disbursement of coins.

The Mechanics Behind Airdrops