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The Decentralized World is the purpose of Airdrop Update. A Decentralized Finance project or business is not linked with Airdrop Update, we are an independent Airdrop Update database. Our interest level is not intended to be a substitute for professional financial or investment advice. We’ve created and are constantly updating two useful lists: Recent Airdrop and Ended Airdrops for everyone who is interested in Airdrops and wants to stay current on the topic.
 

FAQ

Airdrop

Crypto airdrop is a marketing strategy adopted by crypto startups to promote the project and their new token. It involves distributing their native cryptocurrency to current or potential users’ for free. Sometimes, users have to complete simple promotional activities before they can claim, such as following the project’s social media account and sharing their posts.

There are different types of airdrops, and each crypto project has its own requirements. But most airdrops share the same goal: increase awareness and overall interest in the project. Some are done directly into users’ wallets, while others require a manual claim.

Anyone with a cryptocurrency wallet can receive or claim an airdrop, but you should always be careful with scammers. There are many fraudulent airdrops that can steal your wallet funds when you claim or transfer the free tokens. Make sure to confirm the legitimacy of the project before claiming an airdrop. You should be particularly careful when it requires you to connect your wallet to an airdrop website.

What is a crypto airdrop?

A crypto airdrop refers to the transfer of digital assets from a crypto project to multiple wallets. The idea is to distribute coins or tokens to current or potential users to increase awareness of the project. These tokens are given out for free, but some airdrops require users to perform certain tasks before claiming. Crypto airdrops became popular during the initial coin offering (ICO) boom of 2017, but are still used as a marketing strategy by many crypto projects today.

How do crypto airdrops work?

There are different types of crypto airdrops, but they usually consist of a small amount of cryptocurrency being distributed to several wallets (usually on Ethereum or Binance Smart Chain). Although less common, there are also projects that giveaway NFTs instead of regular crypto.

Some projects will do the distribution without asking for anything, while others will ask you to perform certain tasks before claiming. These tasks often include following social media accounts, subscribing to a newsletter, or holding a minimum amount of coins in your wallet. However, you are not always guaranteed to get the airdropped tokens.

In some cases, the airdrops are given only to wallets that interacted with the project’s platform before a certain date. 1INCH and Uniswap are popular examples that used this method to support early adopters. But unlike common airdrops, those were worth thousands of dollars.