Tag: Airdrop

An airdrop is an unsolicited distribution of a token or cryptocurrency coin, usually free of charge, to multiple wallet addresses. Airdrops are often associated with the launch of a new cryptocurrency or DeFi protocol, primarily as a way to gain attention and new subscribers, resulting in a larger user base and a wider distribution of coins. Airdrops have become a more important part of ICOs as crypto entrepreneurs began to conduct private sales instead of public offerings to raise seed capital.