Airdrop

eToroX » About eToroX » Blockchain Glossary

When a new cryptocurrency is created, it needs to gain users. One way of doing this is through an airdrop. In the cryptocurrency world, airdrop refers to a procedure through which a blockchain project distributes free tokens to community members.

To qualify for the free gift, one may need to hold a minimum quantity of the cryptocoins in his/her wallet or may need to perform certain tasks that include posting on social media forums, and connecting with a particular member of the blockchain project, or writing a blog post.