What are airdrops and how do they work?

Airdrops are a method of distributing tokens to users. They are commonly used to generate buzz around a project, reward users for certain behaviours and or create a community. They are popular with projects big and small, but US regulatory authorities are concerned they circumvent tax laws. Projects live or die on their ability to attract users.

What happens if someone sends me a file using airdrop?

When someone attempts to send you a file using AirDrop, you see an alert and a preview on your Mac or iOS device. You must tap Accept or Decline on your device to receive the file or refuse the transfer. This prevents nearby users from sending files directly to your device without your permission. What is AirDrop Contacts?

What is an example of a holder airdrop?

An example of a holder airdrop is Byteball, which was initially distributed to Bitcoin holders. They also airdropped a monthly amount of Bytes into the wallets of Byteball holders proportional to the amount of BTC/GBYTE that they held during the drop.

What are cryptocurrency airdrops?

Cryptocurrency airdrops are aptly named in reference to physical airdrops using aircraft. Airdrops using aircraft entail the delivery of resources (such as weapons, food, or medicine) that physically drop out of the sky.