What is an airdrop and how does it work?

However, the airdrop is separate and distinct from the allocation of tokens or coins that happen via an ICO event. During ICOs, the digital asset being offered is typically purchased using an alternate coin or token. In the case of airdrops, there is no purchase required from the recipient, meaning that the assets are distributed for free.

What is a crypto token airdrop?

A crypto token airdrop involves distributing free coins to many wallet addresses, typically to draw attention to a new project. Here's how to claim one. Skip to primary navigation Skip to main content Skip to primary sidebar Skip to footer Cult Of Money Personal finance for the crypto-curious. Menu About Podcast Contact SearchSearch Cryptocurrency

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.

Why can't I accept or decline my airdrop?

If you AirDrop something to yourself, like a photo from your iPhone to your Mac, you won't see an option to Accept or Decline — it'll automatically get sent to your device. Just make sure that both devices are signed in with the same Apple ID.