Free Money Directly to your Wallet!? Crypto Airdrops Explained

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Crypto airdops occur when new tokens are freely distributed directly to people's wallets in order to drive initial growth and build a community. They represent a popular marketing tactic that new projects use to spread awareness of their brand and products in the cryptocurrency space. An airdrop is a useful way to promote a token and its utility to the market, and have many other uses.

Of course, airdrops are also appreciated by users who receive them, although often small, some airdrops are quite large, especially considering the fast growth of successful projects.

You can read about airdrops on our academy: https://phemex.com/academy/what-is-a-crypto-airdrop

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Timestamps
00:00:00 What are airdrops
00:01:07 How airdrops work
00:02:54 Types of airdrops
00:04:34 Are airdrops worth participating in

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Crypto Wallets
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