Cryptocurrency Airdrops and Giveaways: What They Are and What’s Next

There are a number of ways people can obtain cryptocurrencies and one of them is through airdrops, a type of distribution where creators send free coins to numerous crypto wallet addresses in order to drive adoption. Airdrops have been leveraged for years and token distributors believe that it’s a great way to disburse coins fairly and to raise awareness. New airdrops are announced nearly every month that allow people to obtain free digital tokens.

Also read: $65M Investment Fuels Natural Gas Provider’s ‘Behind-the-Meter’ Bitcoin Mining Operation

The Crypto Airdrop Defined

In the world of cryptocurrency, “airdrop” defines a type of crypto distribution where free coins are sent to multiple digital wallets. Sometimes people have to engage in community building efforts like retweeting a project or completing a survey in order to gain the tokens. The idea is to distribute airdropped assets so people become aware of the tokens as they are…