Airdrops Knowledge

What is an airdrop in the context of cryptocurrency?

• Free distribution of tokens or coins to existing cryptocurrency holders.

• A method of transferring cryptocurrency between wallets

• A type of cryptocurrency wallet

• The process of converting cryptocurrency to fiat currency

How can users participate in an airdrop?

• By sharing personal information on social media

• By following the instructions provided by the project team.

• By ignoring the project team's instructions

• By sending cryptocurrency to a random address

What is the purpose of conducting airdrops?

• To organize skydiving events

• To distribute goods, supplies, or information to specific areas or groups of people.

• To deliver food via drones

• To create artificial clouds for weather modification

What are some common criteria for receiving airdropped tokens?

• Eating pizza on Fridays

• Having a favorite color

• Owning a pet

• Meeting specific requirements such as holding a certain amount of a cryptocurrency, being an active user, participating in events, or belonging to a community.

Can airdrops be considered a form of marketing strategy?

• Sometimes

• Rarely

• Yes

• No

What are the potential benefits of receiving airdropped tokens?

• Decreased security, potential scams, loss of privacy

• Limited access to new projects, decreased value, loss of credibility

• Access to new projects, potential value appreciation, increased cryptocurrency holdings

• Free money, guaranteed profit, no risk involved

Are airdrops always free for participants?

• Rarely

• No

• Sometimes

• Yes

What precautions should participants take before joining an airdrop?

• Share private keys openly

• Verify legitimacy, never share private keys, use separate wallet, be cautious of scams

• Ignore legitimacy verification

• Use the same wallet for all airdrops

How can users safely store airdropped tokens?

• Store airdropped tokens in an unsecured online wallet

• Transfer airdropped tokens to a secure wallet where the user controls the private keys.

• Leave airdropped tokens in the exchange where they were received

• Share private keys with friends or family members

What are some examples of successful airdrop campaigns in the past?

• Ripple's XRP airdrop

• Stellar's XLM airdrop, Ontology's ONT airdrop, EOS's EOSIO airdrop

• Ethereum's ETH airdrop

• Bitcoin's BTC airdrop