What are Airdrops in Cryptocurrency?

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The cryptocurrency industry boasts of many technical terms of which most of them need no tedious search to understand them as they are self-explanatory. One of the frequently used terms in the industry is Airdrop.

 

Airdrop does not literally means “drops” fall from the air or the air really drops. It signifies a free distribution of tokens or cryptocurrencies for a specific purpose. In most occasions, cryptocurrency companies decide to reward their early adopters by distributing a proportion of free tokens to them.

In addition, some companies ask interested parties to perform minor tasks, including liking their facebook page, following them on twitter and few other instructions to stand a chance of getting a portion of the distribution.

As this may be a marketing strategy to get more people on board to build a community, this may also be a strategy to evenly distribute tokens in order to avoid market manipulation by large token holders.

Airdrop is very common among the newly introduced coins that need a kind of popularity to rise to the moon.

 

There are several ways of making money from cryptocurrencies but not all are secure and legit ways. However, one genuine way of earning through cryptocurrencies is AIRDROPS.

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