An airdrop is the distribution of tokens or coins to the owners of certain cryptocurrencies. Direct, free distribution of digital assets. Different projects decide to give away their coins to the community members.

Free cheese - only in a mousetrap? Yes and no)

A reasonable question is why would someone send tokens for free that cost money?

The fact is that the purpose of such airdrops is usually to promote a new cryptocurrency, increase its popularity, and encourage activity. By distributing it for free, the project can attract a large number of people and increase its user base, community.

The second reason may be the desire to reward holders of a certain cryptocurrency. This could be a way to encourage community loyalty, or simply a way to increase the use of a new token.

An airdrop can also be part of a "fork" strategy or the creation of a new branch in the blockchain. In this case, holders of existing tokens will receive an equivalent amount in the new branch.

How does airdrop work?

For example, the owner of Ethereum coins may suddenly find that they have new coins in their wallet. This is because the project conducting the airdrop took a snapshot of all active Ethereum addresses at a particular point in time and then automatically distributed its assets to those addresses.

IMPORTANTLY! If the user is required to pay money for the distributed tokens, then this is most likely a fraudulent scheme. You can store coins in your crypto wallet, transfer them between different networks, use new apps, etc - but don't transfer fiat money to other people's addresses!

Arbitrum is one of the most sensational projects of 2023. Their coin distribution was on March 23, 2023.

At the first stage, 1.16 billion tokens were distributed, that is, about 11% of the 10 billion ARB planned for the airdrop. Trading of the token began on leading exchanges, and the price of ARB at its peak was $11.

After March 23, shortly after the first users were able to get ARB tokens in their wallets, however, the price of the new asset immediately collapsed by about 90%. The price of the asset was only $1.30 a few hours after the start of trading.

In order to obtain ARB tokens, users had to repeatedly use Arbitrum in different forms. The more intensively and often Arbitrum is used, the more tokens are given during the distribution.

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SUI is a Web3 product of Mysten Labs, a fast Layer 1 blockchain designed for content creators with the goal of bringing the next billion users to Web3. Perhaps one of the most interesting proposals in the field of blockchains.

In December 2021, the project raised more than $300 million from a16z, Coinbase Ventures, Electric Capital, Samsung NEXT, and other investors. Up to 1 billion SUI was intended for AirDrop - $2000 was sent to each active account.

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Many exchanges also share their tokens for active cooperation. For example, mexc airdrops the coins it lists. If there is MX on the exchange on a spot account, they pay 5-10% of the amount in MX. Plus, we should not forget about the coin itself, its growth potential is $10. The price is now $2.9.

Is it worth doing airdrops?

Of course, if you want to make money by helping projects grow in Web3. Airdrops are an interesting aspect of the industry, providing an opportunity to get free tokens and become a part of new projects. However, it is important to be cautious and conduct thorough analysis before participating to avoid fraud and other risks.