Definition, Meaning & Synonyms
airdrop
Noun
/ˈɛrˌdrɒp/
Definition
A method of distributing digital assets, typically cryptocurrencies or tokens, directly to the wallets of users.
Examples
- The company announced an airdrop of its new token to all existing holders.
- Many projects use airdrops to raise awareness and attract new users.
- During the airdrop, participants received free crypto in their wallets.
Meaning
The term ‘airdrop’ primarily refers to a way of distributing digital currencies or tokens to multiple wallet addresses for free. It can be used as a marketing strategy or to reward loyal users.
Synonyms
- Distribution
- Transfer
- Allocation
