What is an Airdrop?
An airdrop is a distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses. Airdrops are primarily implemented as a way of gaining attention and new followers, resulting in a larger user-base and a wider disbursement of coins.
How to participate in an Airdrop?
There are several ways to participate in an airdrop. The most common way is to follow the project on social media and join their telegram group. Some projects require you to complete a KYC (Know Your Customer) process, while others only require you to provide your email address.
How to claim your Airdrop?
Once you have completed the required steps to participate in an airdrop, you will need to claim your tokens. This is usually done by providing your wallet address to the project team. The tokens will then be sent to your wallet once the airdrop is complete.
How to sell your Airdrop tokens?
Once you have received your airdrop tokens, you can choose to hold onto them or sell them on an exchange. To sell your tokens, you will need to create an account on a cryptocurrency exchange and deposit your tokens into your account. You can then place a sell order to exchange your tokens for another cryptocurrency or fiat currency.