What is an "Airdrop" ? - Crypto Whiteboard 101

A cryptocurrency “airdrop” is a promotional tool in which crypto teams give users crypto in exchange for completing certain tasks. One of the most important lessons that my grandpa taught me is there is no such thing as a truly free lunch. Although users don't “pay” for cryptocurrency in the sense of spending cash, users have to pay for this cryptocurrency by completing various social media tasks such as following a social media handle, re-sharing an article, registering on an exchange, or tagging a certain number of people. In this article, I'd like to discuss the basics of cryptocurrency airdrops including what they are, how they work, and a few of the different ways in which they are implemented.