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Airdrops in crypto refer to the distribution of free tokens or cryptocurrencies to a specific group of individuals. These tokens are typically given away by blockchain projects as a marketing strategy to promote their project, increase awareness, and attract users.
Airdrops can be distributed to existing token holders of a particular project, members of a specific community, or even to the general public. Participants usually need to meet certain criteria or perform specific tasks, such as holding a minimum amount of tokens, completing a registration process, or engaging in social media activities.
Airdrops can provide participants with an opportunity to obtain new cryptocurrencies without having to make any financial investment. They also serve as a means for projects to distribute their tokens widely and potentially build a supportive community around their project.
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