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.

What are the different types of airdrops?

A standard airdrop is the most common type of airdrop and is very simple. To participate in a standard airdrop, you typically create an account with the project that’s initiating the airdrop. You also enter your wallet address to receive your free tokens. Overall, standard airdrops are similar to sign-up bonuses. Exclusive Airdrops

Is an airdrop a scam?

If an airdrop is for a project with no particular project roadmap or goal, this is a massive red flag. Similarly, airdrops and new crypto projects can be outright scams if they pump prices and then prevent users from selling their tokens. A notable example of this was the Squid Game token scam.

What is a Token airdrop?

Token airdrop: A crypto platform, such as a decentralized exchange (DEX), decides to create a native token. To reward its current user base, the project sends half of the total token supply to users’ wallets based on the volume each user has traded on the platform.