What are airdrops in the context of cryptocurrency?
Airdrops refer to a marketing strategy used in the cryptocurrency world where free tokens or coins are distributed to users, typically as part of a promotional campaign. Airdrops aim to increase awareness and adoption of a new cryptocurrency by rewarding holders of an existing coin. Users often receive airdrops by holding a specific cryptocurrency in their wallets or by completing simple tasks such as following social media accounts or sharing posts. This method helps projects gain traction, build community engagement, and attract potential investors. By participating in airdrops, users can receive free tokens, which may increase in value over time as the project develops and gains popularity.