A crypto airdrop is a promotional activity often used by blockchain startups to kickstart a virtual currency project. The goal is to raise awareness about the crypto and encourage participation once it becomes available. Airdrops are typically announced through the company’s official channels and crypto communities. Coins or tokens are distributed only to selected wallets based on the blockchain network or existing coin holdings.
To be eligible for the tokens or coins, recipients might need to hold a minimum amount of the crypto in their wallet. Alternatively, they may be required to complete specific tasks, such as discussing the currency on a forum, connecting with a team member of the blockchain project, or writing a blog post.
