As the crypto industry has garnered more and more traction over the past half-decade or so, a lot of its associated vernacular has seeped into the mainstream. For example, the term ‘airdrop’ is now commonly used by a lot of tech enthusiasts, especially those dealing with cryptocurrencies.
In its most basic sense, the idea of an airdrop is a marketing ploy wherein free tokens are distributed to new/existing users of a project in order to generate more interest in it. To elaborate, an airdrop takes place when a project transfers a designated amount of tokens into wallets that have been whitelisted by its devs — i.e. the addresses satisfy all of the project’s regulatory/governance requirements.
Moreover, it bears mentioning that the tokens are usually doled out in return for a small service wherein the recipients might be needed to retweet a post made by the project or follow its social media handles.
In this article, we will…
