Today news
About the same in other media
Explained: What are crypto airdrops and how do they work?
Reading now: 262
cnbctv18.comIn the world of cryptocurrency, airdrops are a marketing strategy used by blockchain-based startups to incentivise the use of their platform. It involves providing free coins or tokens to users with public crypto wallets to promote a new virtual currency.
It is similar to distributing free samples of an item in a supermarket to promote sales.Airdrops are usually a part of a broader marketing strategy that involves social media promotion, blog posts, and different levels of crypto holder participation. At times, airdrops can also be used as ploys for nefarious activities.
So users need to be careful. Since they are supposed to be promotional tools, you must stay alert if a project seeks any investments.How do airdrops work?New
. Read more on cnbctv18.comAbout this in other media
Is crypto market in for long winter after latest bout of selling? economictimes.indiatimes.com /2 years ago
Explained: Why some countries are banning crypto advertisements cnbctv18.com /2 years ago
3 wildest theories explaining $500B crypto market crash cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
