You’ve probably heard about these “free” and “possibly profitable” airdrops if you’ve been following the crypto world for a while. If not, you’re in for a surprise.

To put it simply, an Airdrop is an event in which a blockchain project pays people with free tokens. Tokens are often distributed for free to members of the crypto community in exchange for their assistance in spreading the news about a new coin or initiative in the sector. The free currencies can be exchanged for Bitcoin, Ethereum, and Litecoin, among other cryptocurrencies.

What exactly is an Airdrop?

Airdrops are free cryptocurrency tokens given to individuals who have held a base coin for an extended period.

How to Participate in an Airdrop

First and foremost, you’ll need a wallet that can hold many forms of bitcoin. Most wallets will support a variety of ERC20 tokens that are eligible for these airdrops. The Ethereum blockchain serves as the foundation for many of them.

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