WHY DO CRYPTO AIRDROPS OCCUR?
There are several reasons for carrying out cryptocurrency airdrops, from creating buzz around an upcoming venture to actually distributing a supply of tokens or coins. Some other reasons for carrying out crypto airdrops include:
- Even distribution of total token supply
- Rewarding early investors who first bought project tokens
- Raising awareness for the new cryptocurrency
- Marketing and hype is the most common trend nowadays. Many projects airdrop coins/tokens for the purpose of marketing and collecting leads for further business opportunities.
Hard Forks are another reason airdrops may be used. When a fork occurs for cryptocurrencies like Bitcoin, Ethereum, Litecoin, Monero and a new coin is created, airdrops can be used to distribute the new coin to existing holders of these parent coins.