What is a Crypto Airdrop/Cryptocurrrency Airdrop?

Crypto Airdrop / Cryptocurrency Airdrop

A​ ​crypto airdrop​/crypto currency airdrop ​is​ ​when​ ​a​ ​blockchain project distribute​s ​free​ ​tokens or​ ​coins ​to​ ​the​ crypto ​community as part of there advertisement program.

Developers may also have an incentive to use airdrops as a way to drive up the price for an existing coin. The demand for that original cryptocurrency could go up as investors buy it just to be a part of an upcoming airdrop.

That's similar to how many investors piled into bitcoin ahead of its split into bitcoin and bitcoin cash last summer, in order to benefit from a similar method of giving investors new coins called a "fork."

Other analysts are also skeptical that the trend helps boost public awareness about the project or the coins.