Cryptocurrency Airdrop

What Is Airdrop In Cryptocurrency?

Airdrop in cryptocurrency is when a project or a coin developer drops or dishes out a particular amount of coins or tokens for free to members of their community. It is often used as a marketing strategy to increase the coin’s profile, attract new users, and build up an active user base. Depending on the project or coin, the airdrop could be in the form of coins, tokens or even some other form of cryptocurrency-related reward.

What Are Scams In Airdrop?

Scams in an airdrop are incidents in which a malicious actor poses as an airdrop organizer in the hopes of tricking users into providing sensitive information, such as private keys or passwords. Often, these scams will require users to provide additional funds or to click on a malicious link. Additionally, some airdrops may require users to send cryptocurrency to an address before they have access to their free tokens, which is a sure sign of a scam. It's important to always do research when participating in an airdrop to ensure it is a legitimate offer.