Airdrops

Jul 26, 2023 • 9 Min Read

What are Airdrops?

Crypto Airdrops are a unique growth and distribution mechanism that crypto protocols use to attract users and give them ownership of the protocol through the "airdropping" of tokens. Airdrops involve giving away tokens to selected users to generate interest, raise awareness, and attract potential users to the project. Most airdrops aim to distribute tokens to early users and backers of the project, ideally rewarding these early backers and incentivizing them to promote the project.

Certain airdrops have generated significant profits for users. For example, Uniswap, EN...

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