noun
Internet Slang
airdrop
AIR-drop · noun · informal
Free distribution of tokens to eligible wallets.
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Definitions
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A distribution of free tokens to users' wallets, often to reward early adopters, bootstrap a community, or decentralise ownership. Users 'farm' airdrops by using protocols in hopes of qualifying.
“Everyone who bridged before the snapshot got a fat airdrop.”
by community
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airdrop In A Sentence
Everyone who bridged before the snapshot got a fat airdrop.
Origin & Usage
Crypto marketing/distribution mechanism; the term evokes dropping tokens from above.
People Also Ask
What is an airdrop in crypto?
An airdrop is a free distribution of tokens to users' wallets, often used to reward early adopters, bootstrap a community or spread ownership.
How do you qualify for an airdrop?
You typically need to have used a protocol before a cut-off snapshot — for example bridging funds or trading — which is why people 'farm' airdrops in advance.
What is a snapshot in an airdrop?
A snapshot is the point in time a project records wallet activity or balances to decide who is eligible for the airdrop.
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