What is an airdrop, and how does it work?

There are several meanings to airdrop, however there is one which specifically has to do with cryptocurrency. A cryptocurrency airdrop is the process in which the team of a cryptocurrency project distributes tokens to their users for free.

These “airdrops” are most commonly employed by cryptocurrency startups to raise awareness for their projects, that is for the cryptocurrency.

Free tokens are literally “airdropped” into the cryptocurrency wallet of the first users of the cryptocurrency in order to give the project, the cryptocurrency and the users a boost.

Most often this free crypto is linked to doing certain actions such as logging into the project’s website after registering with them. Sometimes they have other actions also associated to get more crypto such as referring others.

This post is short but I have strived to make this explanation as easy as possible to understand by being concise in my description. Hopefully you have learned from this post and search Google or other search engines to find cryptocurrency airdrops that are currently available.