A​ ​crypto airdrop​ ​is​ ​when​ ​a​ ​blockchain venture distribute​s ​free​ ​tokens or​ ​coins ​to​ ​the​ crypto ​community.

To​ ​be​ ​a​ ​recipient​ ​of​ ​an​ crypto ​airdrop often​ ​the​ ​only​ ​requirement​ ​is​ ​that​ ​you​ ​have​ ​coins from the important blockchain stored​ ​in​ ​your​ ​wallet. Cases of this configuration of airdrops are Byteball, Stellar lumens and OmiseGo. These airdrops expected you to confirmation you were the proprietor of Bitcoins or Ethereums at a specific time ( preview) of the blockchain.

The​ ​format​ ​of​ ​these​ crypto ​giveaways​ ​is​ ​usually​ ​like​ ​this:​ ​At​ ​a​ ​pre-announced​ ​time​ ​the​ ​project​ ​behind the​ ​event​ ​will​ ​take​ ​a​ ​"snapshot" ​of​ ​the​ ​blockchain,​ ​​ anyone​ ​holding​ ​Ethereum or Bitcoin​ ​at​ ​that​ ​point​ ​will​ ​receive​ ​a certain number​ ​of​ ​free​ ​e-tokens.​ ​This should likewise be possible on different blockchains, however Ethereum and Bitcoin are the most utilized for this airdrop design.