What is Airdrop?
Let's find out Airdrop meaning, definition in crypto, what is Airdrop, and all other detailed facts.
Airdropping is a marketing method to distribute crypto assets to the public as an incentive if they own other tokens or have a wallet on a specific blockchain. This can be seen as a promotional act within the community of a certain blockchain. The goal is to attract new users to the blockchain network that hosts the asset.
Normally, in order to participate in an airdrop, users must hold a specific amount of tokens in a crypto wallet that can be publicly discoverable. This has to transpire within a specific time window, known as snapshot time. The project handling the airdrop uses the snapshot and distributes the tokens among the users.
Airdrops allow users to add variety to their cryptocurrency portfolios. Furthermore, as an advertisement campaign, it informs the inner community, as well as prospective token holders, about the asset. Some of the common airdrop reward conditions include social media shares, active referrals, and downloading the app of the blockchain project.