Crypto airdrops are a marketing strategy used by blockchain-based projects that involves giving out free tokens to increase awareness and encourage the adoption of their native token ¹ ². Here's how they work ¹ ²:

Types of crypto airdrops:

- Standard airdrops: no tasks are required aside from signing up for an account

- Bounty airdrops: requires small favors and legwork from recipients

- Holder airdrops: rewards users who are holding a certain amount of tokens at the time of the promotion

- Hard fork airdrops: when a protocol branches off or hard forks from its original code

- Exclusive airdrops: often reward a user’s time logged on a project, money spent on non-token activity or level of engagement within a forum

- Raffle airdrop: a lottery mechanism used to deliberate the winners selected at random

How crypto airdrops work:

- Announcement: Companies announce airdrops on their social media channels or via email newsletters

- User action: users might need to perform specific actions

- Distribution: the tokens are automatically deposited into the eligible wallets

What to do after receiving an airdrop:

- Hold: hold onto the tokens and hope their value increases over time

- Trade: trade the tokens on a cryptocurrency exchange

- Research: conduct in-depth research about the token#AirDropSeries #AirdropGuide #Megadrop