Airdrops: Building communities or building problems?
Recent research shows that decentralized exchanges that distribute tokens via airdrops see a big boost in user numbers and transactions. But, is building communities this way just cryptos version of printing money?Airdrops the disbursal of free tokens to early users as a way of rewarding and building momentum have been around for years but came to prominence thanks to Uniswaps retroactive largesse in 2020. Nearly anyone whod used the exchange before a certain date was gifted 400 UNI tokens and those who held their tokens saw a substantial increase.But, as the market became more mature and....
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Airdrops are an interesting occurrence in the cryptocurrency world. It serves as an excellent way to educate newcomers about cryptocurrencies. Additionally, it is a viable way for existing users to diversify their portfolios in a risk-free manner. Why Airdrops Remain Popular Contrary to traditional ways of getting involved with cryptocurrencies, airdrops are a different creature. […]
Crypto airdrops are a marketing strategy used by startups to give tokens to existing cryptocurrency traders for free or in exchange for minimal promotional work. For most crypto investors, there is nothing more important than making a return on their investment. Thanks to the volatility, this can be done quickly or it can be a hugely difficult task. That's why crypto airdrops are an inexpensive way to make additional returns on your portfolio. After all, airdrop tokens are free and never hurt, right?Almost daily there are new crypto airdrops, with some easier to obtain than others. Not....