What is an Airdrop
Cryptocurrency Airdrop What Is a Cryptocurrency Airdrop? An airdrop, in the cryptocurrency business, is a marketing stunt that involves sending coins or tokens to wallet addresses in order to promote awareness of a new virtual currency . Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent by the company issuing the currency. KEY TAKEAWAYS The crypto airdrop is a marketing method employed by startups in the cryptocurrency space. It involves delivering bitcoins or tokens to the wallets of current cryptocurrency traders, either for free or in exchange for a small promotional service. The airdrop is meant to spread awareness and increase ownership of the currency startup. Understanding a Cryptocurrency Airdrop The airdrop is a promotional activity typically performed by blockchain -based startups to help bootstrap a virtual currency project. Its aim i...