Why do people use airdrops?

For some people. For others, they just use airdrops to send funny pictures and troll random people. People like these… 1. I don’t think I’ve ever seen anything so terrifying. 2. I stand corrected. 3. Ouch. 4. Air ’em out, lil buddy.

What is a crypto airdrop?

Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent by the company issuing the currency. The ultimate goal of a crypto airdrop is to promote awareness and circulation of a new token or coin.

How does a bounty airdrop help a Defi startup?

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. Social media campaigns allow the project to become visible to people who would otherwise never recognize its existence.

What is an example of an airdrop scam?

Airdrop scams may also occur by enticing market participants to invest in a specific security in hopes of being airdropped a different item. For example, a project may boast that holding certain NFTs in a wallet will cause owners to receive a rare airdrop.