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Airdrop

An airdrop is a marketing strategy used by some cryptocurrency projects to distribute free tokens or coins to holders of a particular cryptocurrency. It can benefit traders by allowing them to receive free tokens or coins, which they can sell or hold in their portfolio. Additionally, airdrops can increase awareness and interest in a particular project, which can potentially drive up the price of the token or coin. However, it’s important to be cautious of scams or fraudulent airdrops that may request personal information or tokens/coins in return for the promise of an airdrop.

A couple of examples of airdrops are:

  1. Uniswap (UNI) airdrop – In September 2020, Uniswap, a decentralized exchange protocol, airdropped 400 UNI tokens to each wallet address that had previously interacted with the protocol. This was done as a way to reward early adopters and users of the protocol.
  2. Stellar (XLM) airdrop – In November 2019, the Stellar Development Foundation airdropped 2 billion XLM tokens to users of the Keybase messaging platform. The purpose of the airdrop was to incentivize adoption of the Stellar network and increase its user base.
  • Decentralization
    Platforms in the crypto industry may go decentralized to remove intermediaries and create a trustless environment, allowing for greater security and privacy for users. DecentralizationPlatforms in the crypto industry may go decentralized to remove intermediaries and create a trustless environment, allowing for greater security and privacy for users. Decentralization... can also increase transparency and efficiency […]
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  • Multisignature
    MultisignatureMultisignature, also known as multisig, is a security feature used in cryptocurrencies that requires multiple people or parties to sign off on a transaction before..., also known as multisig, is a security feature used in cryptocurrencies that requires multiple people or parties to sign off on a transaction before it can be completed. This is […]
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  • Sybil Attack
    A Sybil attackA Sybil attack is a security threat in peer-to-peer networks where a single adversary controls multiple nodes, known as Sybil nodes. The attacker creates multiple... is a security threat in peer-to-peerPeer-to-peer (P2P) is a type of network where computers or nodes can directly communicate with each other, without the need for a central […]
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