Crypto airdrops involve the distribution of free crypto tokens to individuals who have shown early interest in decentralized apps, new blockchain services, or cryptocurrency projects. Essentially, it’s a way for early adopters to receive tokens for free.
What’s the purpose of airdrops? While they do give people an easy way to acquire crypto, airdrops serve other important purposes, too.
Related: Learn Crypto Series: What is a Stablecoin?
Airdropped tokens can have practical uses beyond just holding value. Many projects distribute governance tokens through airdrops, which allow holders to participate in decision-making for the protocol. These tokens can become highly valuable, often reaching thousands of dollars, making early involvement in crypto projects a potentially lucrative opportunity.
For beginners, it’s important to understand that airdrops are also a marketing tool. New protocols use them to attract users and build momentum, especially when they have yet to release their own native tokens. Many crypto enthusiasts have used free airdrops to increase their returns with minimal upfront costs. It’s no surprise that airdrops have gained popularity—they offer both users and projects clear benefits.
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