What is a bitcoin airdrop & how does it work?

The airdrop distributed free Bitcoin Cash (BCH) to anyone who owned Bitcoin at the time of the split. Although there aren’t any restrictions on when a cryptocurrency airdrop can occur, cryptocurrency airdrops generally fit into two main types:

Who can claim a cryptocurrency airdrop?

Sometimes users have to complete activities to claim the coins or tokens. Anyone with a cryptocurrency wallet can receive or claim an airdrop, but you should always be wary of scammers. What Is a Cryptocurrency Airdrop?

What was the first crypto token airdrop?

The very first recorded crypto token airdrop was for a project called Auroracoin, dubbed as the “cryptocurrency for Iceland.” It was distributed via Airdrop to the country’s citizens in March 2014. It also was possibly the first ever crypto pump and dump scheme, as the price appreciated quickly and then retraced back to early pricing.

What is the difference between Crypto airdrops and ICOS?

Crypto airdrops and ICOs are different concepts, even though they both involve launching new cryptocurrency projects. Airdrops don't require any investment from participants, but an ICO is a crowdfunding method. In an ICO, the project team conducts a token sale to raise funds from investors.