Key Takeaways
- This is a Beginner video introducing Airdrops, a part of our Back to Basics series.
- Airdrops distribute tokens for free, boosting adoption and community engagement.
- They carry risks like scams, high fees, and tax implications.
- To participate, users must meet eligibility requirements (holding tokens or completing tasks).
- Airdrops are a valuable opportunity for projects and users to grow in the specific blockchain ecosystem, but caution and research are essential.
- Collective Shift has an entire PAGE dedicated to airdrops
00:00 Airdrops
00:40 Why Airdrop?
01:00 Types of Airdrops
02:36 Airdrop Strategies
05:20 Is it Worth it?
In light of recent events in the crypto industry, going back to basics can have compounding effects on your cryptocurrency journey.
We’re currently updating our beginner resources; keep an eye out for more fantastic educational content into 2023!