What is airdrop and how does it work?

With AirDrop, you can wirelessly send your photos, videos, websites, locations, and more to other nearby devices and Mac computers (iOS 7, iPadOS 13, OS X 10.10, or later required). AirDrop transfers information using Wi-Fi and Bluetooth—both must be turned on. To use AirDrop, you need to be signed in with your Apple ID.

How effective are bounty airdrops?

Airdrops are effective due to the endowment effect, a phenomenon in which people will ascribe value to things merely because they own them. By conducting a bounty airdrop, a DeFi startup can create mass awareness about their project, token sale or pre-ICO with minimal cost to them.

Are airdrops legit?

The airdrop is meant to spread awareness and increase ownership of the currency startup. While some are legitimate, other airdrops have been seen as fraudulent when attempting to steal wallet or personal information. Airdrops may be based on those who express interest, hold existing tokens, are intentionally selected, or win raffles.

What is a holder crypto airdrop?

Holder crypto airdrops occur automatically based on who is holding existing tokens and how many tokens they hold. Because wallets and blockchain information are part of a publicly distributed ledger, all users of blockchain have full transparency into the wallets and distribution of tokens.