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What is an Airdrop and how can you get free crypto?

An airdrop is a process whereby a cryptocurrency enterprise distributes free tokens or coins to the wallets of a group of users. Airdrops are primarily implemented as a way of gaining attention and new followers, resulting in a larger user-base and a strengthened network effect for the cryptocurrency.

In order to receive an airdrop, one generally needs to hold a certain amount of cryptocurrency in a designated wallet. For example, to receive an airdrop of Bitcoin Cash (BCH), one would need to have Bitcoin (BTC) in a supported wallet. Airdrops can also be earned by participating in online tasks or social media campaigns.

The most common way to receive an airdrop is by holding a particular cryptocurrency in a supported wallet. For example, if you hold Bitcoin (BTC) in a supported wallet, you may be eligible to receive an airdrop of Bitcoin Cash (BCH). To receive an airdrop, simply hold your cryptocurrency in a supported wallet and you should automatically receive your airdrop tokens or coins.

Another way to receive an airdrop is by participating in online tasks or social media campaigns. For example, a cryptocurrency enterprise may ask users to share a post on social media in order to receive an airdrop. By participating in these tasks, you can earn airdrops of the enterprise’s cryptocurrency.

Airdrops are a great way to earn free cryptocurrency. Simply hold a particular cryptocurrency in a supported wallet or participate in online tasks or social media campaigns to earn airdrops.