Airdrops are a type of cryptocurrency marketing campaign that typically involve the distribution of free tokens or coins to members of an existing blockchain network. They’re usually conducted by new projects, with the goal of building up their user base and creating awareness for their project.
An airdrop is different from an Initial Coin Offering (ICO) in that it does not require any investment from users who receive the free tokens or coins. A single person may be eligible to claim multiple airdrops if they meet certain criteria set out by each individual project conducting one. In order to participate in most airdrops, you will need access to Ethereum wallet address so as to store your earned crypto-coins safely after receiving them through an airdrop event.
A typical example could involve sending out 1000 ETH worth of tokens/coins split among 10,000 participants who have signed up for the program — meaning each participant would get 0.1 ETH worth of tokens/coins at no cost whatsoever! The amount distributed generally depends on how popular and successful the particular token or coin associated with such campaigns turns out over time – some projects might offer higher rewards based on demand while others focus solely on increasing exposure without offering monetary incentives directly upon signup completion..
In summary, participating in an Airdrop provides individuals with opportunities to earn digital currency without having invested any money beforehand; potentially giving early adopters more incentive than traditional investors due its risk-free nature compared against investing via ICOs which carry greater risks but also reward potential returns significantly higher than those offered by Airdrop events alone depending on market conditions afterwards when selling holdings acquired this way back into fiat currency etc…
