The following are the most typical scenarios you need to be aware of when it comes to cryptocurrency airdrops:
Bounty airdrop: When recipients participate in promotional activity, such as sharing a social media post or subscribing to a newsletter, in order to receive the digital asset, this is known as a bounty airdrop.
Holder airdrop: When a crypto project takes a snapshot of its users' crypto wallets on a specific date and time, it then lets them claim an airdrop based on ownership.
Standard airdrop: when a cryptocurrency project gives digital assets to all of the wallets connected to its community.
Pros and cons of crypto airdrops
A cryptocurrency project's early adopters and devoted community members benefit the most from airdrops. Since it's simple for anyone to search smart contracts and find NFT holders, some users might have a ton of unnecessary digital assets sitting in their wallets, which raises doubts about the airdropping procedure.
Because everything is in the open, it's one of those situations where anyone could airdrop anything, according to Akay.
The fact that crypto holders typically get to claim the assets themselves is an advantage of airdrops because it gives them time to investigate the project's legitimacy.
Successful airdrops could result in a larger audience for cryptocurrency organizations' projects. However, some cryptocurrency companies may run airdrop giveaways in an effort to make quick money.