What is an airdrop in cryptocurrency?

An airdrop is a method used by cryptocurrency projects to distribute free tokens or coins to the wallets of potential users or current holders of specific assets. Airdrops are typically used as part of marketing campaigns or to raise awareness for new projects. In many cases, recipients of the airdrop are required to perform specific tasks, such as joining social media channels, referring friends, or holding a particular cryptocurrency in their wallets. Airdrops are beneficial for both users, who receive free tokens, and projects, which aim to increase user adoption and community involvement. However, some airdrops may be scams, so recipients should be cautious and ensure the legitimacy of the project.