Overview

Airdrops are a popular marketing and community-building tool in the crypto space. Projects send free tokens to users' wallets to increase awareness, reward loyalty, or distribute governance power.

Types of Airdrops

  • Standard Airdrop: Users perform simple tasks (e.g., following on social media) to receive tokens.
  • Holder Airdrop: Tokens are sent to people who hold a specific amount of another cryptocurrency (e.g., ETH holders).
  • Retroactive Airdrop: Rewards users who interacted with a protocol before it had a token (e.g., the Uniswap UNI airdrop).

Security Warning

Be cautious of 'scam airdrops' where malicious tokens are sent to your wallet to trick you into connecting to a phishing site.

Related Terms