How do airdrops benefit cryptocurrency projects and their token holders?

3 answers

• Piper BurnetteDec 19, 2024 · 7 months ago
  Airdrops are a marketing strategy used by cryptocurrency projects to distribute free tokens to their community. This helps to create awareness and generate interest in the project. Token holders benefit from airdrops by receiving free tokens, which can potentially increase in value over time. Additionally, airdrops can also help to increase liquidity and trading volume for the project's token on exchanges.
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• Lethargic DeveloperJun 30, 2020 · 5 years ago
  Airdrops are like freebies in the cryptocurrency world. They benefit cryptocurrency projects by attracting new users and increasing the project's visibility. Token holders benefit by receiving free tokens, which they can either hold or sell for profit. Airdrops also help to create a sense of community and loyalty among token holders, as they feel rewarded for their support.
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• Alejandro HerreraJul 11, 2023 · 2 years ago
  Airdrops are a win-win for both cryptocurrency projects and token holders. Projects benefit by gaining exposure and attracting new users, while token holders benefit by receiving free tokens. At BYDFi, we believe in the power of airdrops to drive adoption and engagement. That's why we regularly organize airdrops for our community, rewarding them for their loyalty and support.
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