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What is a cryptocurrency airdrop?

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What is a cryptocurrency airdrop?

The release of digital assets from a cryptocurrency project to many wallets is known as an "airdrop."
 As a result, developers can issue money and tokens to present or potential customers while also advertising the product. Tokens are distributed for free as part of airdrops.

How do cryptocurrency airdrops work?

There are various sorts of cryptocurrency airdrops, but they all involve delivering a tiny sum of money to multiple wallets (usually on Ethereum or Binance Smart Chain). Although it is less common, certain projects are raffling NFTs instead of normal cryptocurrencies. Sometimes projects give away bitcoin for free.

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