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What are crypto airdrops?🤔

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What are airdrops?

A airdrop is when a new cryptocurrency project distributes their coins to existing holders of coin as a way to bootstrap liquidity and economic activity.

Are crypto airdrops worth it?

Airdrop tokens vary greatly in value, from literally nothing per airdrop to some real gems worth $100+ for just a few minutes of your time. Airdrop can be a great source of extra income which for some is $1000 a year and for others a $500 a month. Not bad considering you get the tokens for free.

How crypto airdrops work?

An airdrop for a cryptocurrency is a procedure of distributing new tokens/coins by awarding them in a certain proportion to existing holders of a particular blockchain currency, such as Bitcoin or Ethereum etc.That is why this method of coin/token distribution is called airdrops signifying 'free droppings'.

Are crypto airdrops legal?

Legally speaking, airdrops are not exactly “free money” and, in most cases, they do not appear to meet one of their key objectives: to avoid being classified as securities in order to bypass SEC regulations.