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What is a crypto airdrop?


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A crypto airdrop is when a blockchain project distributes free tokens or coins to the crypto community.

To be a recipient of an crypto airdrop often the only requirement is that you have coins from the relevant blockchain stored in your wallet. Examples of this format of airdrops are Byteball, Stellar lumens and OmiseGo.

Other crypto airdrops require social media posts or you need to contact a member of the team on the Bitcointalk forum. These projects use an airdrop as a marketing campaign.

The format of these crypto giveaways is usually like this: At a pre-announced time the project behind the event will take a ‚ÄĚsnapshot‚ÄĚ of the blockchain, and anyone holding Ether or Bitcoin at that point will receive a certain number of free tokens. This can also be done on other blockchains, but Ethereum and Bitcoin are the most used for this airdrop format.

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