Frequently Asked Questions

Here are the most frequently asked questions by our community. If you have further questions or want to suggest editorial changes – feel free to send us an email at [email protected]

Why do projects give away free tokens through airdrops?
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Projects utilize airdrops as a marketing strategy to raise awareness, distribute a portion of their tokens to a wider audience, or incentivize certain behaviors like holding a token for a period. It helps in bootstrapping a community and getting more people interested in the project.

Do I need a specific wallet to receive an airdrop?
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Most airdrops are distributed to compatible cryptocurrency wallets. Ensure you have a wallet that supports the token standard of the airdropped token. For instance, for ERC-20 tokens, you’ll need an Ethereum-compatible wallet.

Are airdrops safe?
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While many airdrops are legitimate, it’s essential to be cautious. Never share your private keys, and always verify the authenticity of an airdrop through official channels. Beware of scams or fake airdrops that might try to steal your funds.

Can I sell my airdropped tokens immediately?
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It depends on the terms of the airdrop. Some airdrops might have a vesting period or a holding requirement before you can sell or transfer the tokens. Always check the specific terms of the airdrop before making any transactions.

When will I get my airdrop?
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The distribution timeline for airdrops varies depending on the project and its specific guidelines. After you’ve completed the required tasks or conditions for an airdrop, it may take anywhere from a few days to several weeks or even months for the tokens to be distributed. Always check the specific airdrop announcement or the project’s official channels for detailed information on distribution timelines.

What is the difference between the retroactive airdrop section and the airdrops section?
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  • Retroactive Airdrop Section: This section refers to airdrops that are given to users based on past actions or holdings. For instance, if a project decides to reward users who held their token before a certain date, that would be a retroactive airdrop.
  • Airdrops Section: This is the general section where you can find information about all the active and upcoming airdrops, regardless of their criteria. Users can participate in these airdrops by following the given steps or conditions.