Are you new to the cryptocurrency world and feeling a bit lost? Don't worry, you are not alone. The cryptocurrency space can be daunting for newcomers, with its many terms, abbreviations and definitions that can be difficult to understand.
ATAIX crypto glossary will help make sense of some of the most common cryptocurrency terms and definitions. Armed with this information, you'll be ready to start participating in this exciting and innovative new economy!
Cryptocurrency airdrops are a way of distributing tokens to the public. This is usually done for marketing purposes, to incentivize people to hold certain tokens or participate in the blockchain network. Airdrops generally work by requiring users to maintain a certain amount of tokens in a publicly discoverable wallet at a predetermined time (snapshot time). The token project conducting the airdrop would then use the snapshot to distribute the tokens accordingly.
This process can benefit both the token holders and the project conducting the airdrop. For holders, it provides an opportunity to receive free tokens that they may trade for a profit. For projects, it generates awareness and interest in their token and helps build reputation and capital.
Cryptocurrency airdrops are one of the most real ways to earn free crypto coins. In most cases, all you need to do is complete a simple task, such as sharing news about the airdrop, referring friends, or downloading an app. This allows you to easily diversify your cryptocurrency holdings and spread awareness about the airdropped token. Additionally, you can often earn an effective dividend (of your previous holdings) by participating in an airdrop campaign.