What is an airdrop and how does it work?

An airdrop is when a project takes a certain amount of the project's cryptoassets and sends them for free to people who meet particular requirements. That definition might sound vague, but that’s because airdrops are used in a wide variety of ways. It’ll be easier to understand with examples.

What is a beincrypto airdrop?

To stay up to date with the latest tips from professional traders, find the hottest airdrops and access in-depth tech analysis, join the BeInCrypto Trading Community. What is an Airdrop? An airdrop is a distribution of a token or coin, usually for free, to a large number of wallets.

What are exclusive airdrops?

Exclusive Airdrops: This is a “VVIP” airdrop. This stream is usually reserved for those who are loyal to a blockchain project and receive handsome rewards. Bounty airdrops: Similar to standard airdrops, participants are required to do more promotion work, usually on Facebook or Twitter, to spread the word about the project.

Why should you organize a crypto airdrop?

The primary reason for organizing a crypto airdrop is to promote a blockchain startup, project or service. By issuing tokens to users, the team can bootstrap its project and ensure a fair distribution of tokens among its community from day one.