In the world of cryptocurrency an airdrop is a marketing tactics. By this event, free distribution of new cryptocurrency tokens are done to spread awareness. With airdrop events new communities grow up to promote cryptocurrency. By this type of event, airdrop nft generate some early value in the market.

Airdrop events are mainly done by startup to bootstrap their crypto projects. The news of upcoming airdrop is generally posted on crypto project’s website or a community page or on an airdrop trackers website and these news are also shared on different social media platforms to gather large number of audience of crypto enthusiasts.

An airdrop requires small amount of newly minted cryptocurrencies and they target members of a particular blockchain platform. Cryptocurrency startup mainly airdrop new currencies to the wallet holders who have Bitcoin, Ethereum in their wallets.

To get access to the airdrop event a wallet holder has to maintain certain balance in their account. In some cases a user need to perform certain task like posting about the projects on social media accounts like facebook, twitter. Crypto airdrop is not an initial coin offerings. It is mainly an event to raise to raise awareness.

Crypto enthusiast with small or no crypto holdings love the event of airdrop because they see these event as option to get free money.

In any airdrop nft event people will get free nfts that can be highly valuable over time. Airdrop mainly benefits the company as it gives them the opportunity to mark their presence in the market.

Airdrop events are done to achieve certain purpose like:

• To spread awareness

With an airdrop event a cryptocurrency organization can earn larger of customer base. These events are mainly organized to show new cryptocurrency to the world.

• Attract investors

Airdrop events are also done to attract large investors to the cryptocurrency tokens. When an airdrop event happens it gets a place in news and people talk about the event in social media.

Cryptomakers used this events to campaign about them and it overall boost the company’s capital.  By dropping small amount of tokens companies gain immense popularity among customers.

• Reward users:

some startups organise airdrops to distribute free coins to reward loyal users. The user who holds a specific amount of token in their wallets for certain periods and who use the platforms are eligible for these kinds of airdrops.

Airdrop are marketing techniques to create community .These types of events benefits the new projects and their early supporters. This airdrop nfts events can be successful in quick time or it can take time to reach success.

These events can be make a fortune for a crypto beginner or enthusiast without not spending any money.In any airdrop event be aware of phishing sites and bookmark trusted site. Always use different wallet address for any airdrop events. You have to remember that in an airdrop event you do not need to send any money because if the event is really airdrop then you will get tokens for free.