An airdrop refers to the distribution of free tokens or coins to a large number of wallet addresses.
Typically, airdrops are used as a marketing strategy to promote a new project, reward loyal users, or decentralize token ownership.
How To Get Airdrops: Recipients might receive tokens for holding a particular cryptocurrency or for completing specific tasks, like following a project on social media or interacting with a decentralized application (dApp).
Airdrops aim to generate awareness and foster community engagement, giving users a stake in the success of the project.
Notable Airdrops in the Past
op Airdrops by Value
- Uniswap Airdrop
- Date: September 2020
- Value: Each eligible user received 400 UNI tokens, valued at around $3 each at the time of the drop.
- ApeCoin Airdrop
- Date: March 17, 2022
- Value: NFT holders received varying amounts; the total value allocated for the airdrop was around $1 billion, with Bored Ape holders getting 10,094 APE tokens.
- dYdX Airdrop
- Date: August 2021
- Value: Initial recipients received a varying number of DYDX tokens based on their trading volume; some users reported receiving tokens worth over $1,500.
- Arbitrum Airdrop
- Date: March 23, 2023
- Value: Early participants received up to 10,000 ARB tokens, valued at around $1.20 each at the time of the drop.
- Ethereum Name Service (ENS) Airdrop
- Date: November 2021
- Value: Some eligible users received varying amounts of ENS tokens based on their domain ownership and engagement, with many users reporting values over $5,000.
