What are airdrops and how do they work?

Airdrops are a method of distributing tokens to users. They are commonly used to generate buzz around a project, reward users for certain behaviours and or create a community. They are popular with projects big and small, but US regulatory authorities are concerned they circumvent tax laws. Projects live or die on their ability to attract users.

What is a Token airdrop?

Token airdrop: A crypto platform, such as a decentralized exchange (DEX), decides to create a native token. To reward its current user base, the project sends half of the total token supply to users’ wallets based on the volume each user has traded on the platform.

What happens if someone sends me a file using airdrop?

When someone attempts to send you a file using AirDrop, you see an alert and a preview on your Mac or iOS device. You must tap Accept or Decline on your device to receive the file or refuse the transfer. This prevents nearby users from sending files directly to your device without your permission. What is AirDrop Contacts?

What are exclusive airdrops?

Exclusive Airdrops: This is a “VVIP” airdrop. This stream is usually reserved for those who are loyal to a blockchain project and receive handsome rewards. Bounty airdrops: Similar to standard airdrops, participants are required to do more promotion work, usually on Facebook or Twitter, to spread the word about the project.