There are several kinds of crypto airdrops, but they often involve distributing a small amount of cryptocurrency to various wallets (usually on Ethereum or Binance Smart Chain). Some programs distribute NFTs or Non-Fungible Tokens (NFTs are unique cryptographic tokens that represent real-world items like real estate and artwork that cannot be traded or exchanged) instead of regular cryptocurrency; however, they are less common.
While some projects distribute the cryptocurrencies without asking for anything, others will require the person to perform certain tasks before claiming the currency. These tasks often involve following social media profiles, subscribing to newsletters, or holding a minimum account of coins in the wallet.
In some cases, only wallets that interacted with the project’s platform before a specific date may get airdrops. Examples of businesses supporting early adopters using this strategy include 1INCH and Uniswap, worth thousands of dollars, unlike common airdrops.