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Let's simplify the concept of cryptocurrency airdrops!
Imagine you are launching a new toy.
So that more people know and like your toy,
you decide to give some for free to some kids.
This is the basic idea of a cryptocurrency airdrop.
In the world of cryptocurrencies:
1 - The toy is a new digital currency (token).
2 - Children are the users of cryptocurrencies.
3 - Giving the toy for free is an airdrop.
In summary:
An airdrop is when a company that created a new digital currency (token)
decides to give some of this currency for free to some people.
The objective is for these people to start using this new currency and share it with their friends.
But after all, what are airdrops?
1 - So that more people know about the new currency.
2 - So that people start using the new currency.
3 - To create a community around the new currency.
There are different types of airdrops,
but the main idea is always the same:
give free coins to attract new users.
Some important things to remember:
Not all airdrops are good. Some may be traps to steal your information.
Beware of scams! Do not hand over your passwords or private keys to anyone.
Why do companies do airdrops?
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