From Cointelegraph

November 18, 2024 6:40:00 AM:

Crypto airdrops are a way for blockchain projects to distribute free tokens to holders of a particular cryptocurrency. The goal is to increase awareness and adoption of the project. Airdrops can provide benefits like free tokens, increased community engagement, and potential profits if the token’s value rises.

However, there are risks involved in participating in airdrops, such as scams, fake projects, and loss of privacy. It’s important to research the project before participating in an airdrop to ensure it’s legitimate. Airdrops can also come with conditions like holding a minimum amount of tokens or completing certain tasks.

To find legitimate airdrop opportunities, users can visit websites that list upcoming airdrops, join social media groups related to blockchain projects, and follow reputable cryptocurrency news sources. By staying informed and cautious, individuals can potentially benefit from participating in airdrops while minimizing the associated risks.

Read more at Cointelegraph: What is a crypto airdrop, and how does it work?