What is Airdrop in Crypto Currency?

Definition

Airdrops can be defined as the process whereby a cryptocurrency enterprise distributes cryptocurrency tokens to the wallets of some users free of charge. Airdrops are usually carried out by blockchain-based startups to bootstrap their cryptocurrency projects. Also, established blockchain-based enterprises like cryptocurrency exchange platforms and wallet services can also carry out airdrops as well.Airdrops aim to take advantage of the network effects by engaging existing holders of a particular blockchain-based currency, such as Bitcoin or Ethereum in their currency or project.

Reasons for Carrying Out an Airdrop

From creating hype and buzz around a new blockchain-based enterprise to rewarding loyal customers, there are a number of reasons why a cryptocurrency airdrop is carried out. The following are some of the reasons for carrying out a cryptocurrency airdrop.

Major Reasons,

• As a Reward for Loyal Customers
• To Generate Lead Database
• To Create Awareness About a New Cryptocurrency
• Even Distribution Of Total Token Supply
• Awareness About The New Crypto

Why Do Free Crypto Airdrops Occur?

There are several motivations for carrying out cryptocurrency airdrops, right from creating the hype and buzz to actually distributing the whole supply of coins/tokens.

How To Get Your Free Airdropped Crypto?

Claiming your airdropped free crypto coin/tokens can differ from project to project.Follow our website for more new and upcoming airdrops alerts.