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What is a cryptocurrency airdrop?

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A cryptocurrency airdrop is a distribution of digital tokens or coins to a large number of wallet addresses for free or in exchange for performing certain tasks or meeting specific criteria. Airdrops are often used by blockchain projects to promote their tokens, increase awareness, and expand their user base. Participants in airdrops typically receive tokens directly in their cryptocurrency wallets.
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A cryptocurrency airdrop is a distribution of digital tokens or coins to a group of users for free or in exchange for completing certain tasks. Airdrops are often used by blockchain projects to promote their cryptocurrency, increase its adoption, and reward early supporters or investors. Airdrops can be announced in advance or done spontaneously, and participants usually need to meet specific criteria to be eligible to receive the free tokens.

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