Airdrop
An airdrop is free tokens distributed to wallet addresses, usually to promote a new project, reward early users, or decentralize token ownership.
Understanding the Concept
Airdrops can be incredibly lucrative. The Uniswap airdrop gave users 400 UNI ($1,200+ at the time) just for using the platform. Arbitrum's airdrop was worth thousands. But airdrop farming has gotten competitive—projects track who's genuinely using their platform versus who's just farming. Sybil attacks (creating multiple wallets) can get you disqualified. The best approach: use promising protocols genuinely before tokens launch. Don't spread too thin across garbage. Quality interactions on fewer chains beats empty transactions on many. Also beware of fake airdrops—scammers use them to steal funds.
Real-World Example
You used Arbitrum for months before they had a token. When they announce the ARB airdrop, you qualify for 2,000 tokens based on your transaction history. That's thousands of dollars for just using a platform you liked anyway.
How Strykr Helps
Strykr tracks Airdrop developments across the crypto ecosystem. Our AI provides real-time insights and alerts to help you navigate the market with confidence.
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