Cryptocurrency Q&A
Is airdrop a coin?
Is airdrop a coin?
Raffaele
Tue Jun 25 2024
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7 answers
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Excuse me, could you please clarify something regarding the term "airdrop" in the cryptocurrency world? I've heard it being used frequently, but I'm not entirely sure if it refers to a coin itself or a different concept. When someone mentions an airdrop, are they referring to a specific cryptocurrency token or coin that is being distributed? Or is it a process or strategy used in the crypto space, such as distributing free tokens to promote a new project? I'd appreciate it if you could provide a concise explanation to help me understand this terminology better.
7 answers
SumoStrength
Thu Jun 27 2024
Cryptocurrency airdrops are a marketing tactic employed by fledgling blockchain ventures.
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GinsengGlory
Wed Jun 26 2024
The objective of an airdrop is to distribute tokens or coins to targeted wallet addresses.
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Lucia
Wed Jun 26 2024
They can also serve as a way to reward early supporters and advocates of the project.
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Dario
Wed Jun 26 2024
This strategy aims to increase the visibility and acceptance of new blockchain projects.
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RainbowlitDelight
Wed Jun 26 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services including spot trading, futures trading, and wallet solutions.
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