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What is an airdrop crypto token?

  • Airdrops are an interesting aspect of the crypto world. Essentially, they involve distributing free tokens or coins to a large number of wallet addresses, usually as part of a promotion or to build community engagement around a new project. It’s often used as a marketing strategy to raise awareness or reward early adopters. What makes airdrops unique is that you don't necessarily need to buy into the project beforehand—just holding a certain cryptocurrency can qualify you to receive them. I’ve been exploring more about crypto and found that platform https://ledgerlivetech.com/ offers great security options when managing your assets, which is crucial if you're holding tokens from an airdrop. While airdrops can seem like free money, they’re not always risk-free. Some projects may use them to pump their value, but others might not have long-term plans, so it’s important to do your research before getting involved.

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