Angel "Airdrops" 👼🏻

If you are eagerly into the web3 space, you might have heard this term "Airdrops" but what they hell are they? Let us together figure out and loot the airdrop 📦

What is a Crypto Airdrop?

A cryptocurrency airdrop is a marketing strategy that involves sending coins or tokens to wallet addresses.

Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent by the company issuing the currency.

The ultimate goal of a crypto airdrop is to promote awareness and circulation of a new token or coin.

Types of Airdrops

Standard Airdrop - In a standard crypto airdrop, participants interested in receiving an airdrop simply express their interest in order to receive the airdrop. The individual must provide a valid wallet address, and some airdrops require no additional information beyond this.

Bounty Airdrop - Bounty crypto airdrops occur when users perform certain tasks. These tasks often entail raising awareness of a project by posting on social media and tagging the company or retweeting a recent tweet about the project.

Raffle Airdrop - Often, a project will state the number of airdrops they intend to give and encourage individuals to earn a raffle ticket. This ticket may be earned by holding tokens, earning points, or simply expressing interest.

That's it for the day, Web3Shala Signing Off ✌🏻

Have a nice day :)Keep Learning 🙏🏻