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Unlocking Crypto Airdrops
Test your knowledge on crypto airdrops and learn how to maximize your benefits from them.
What types of cryptocurrencies are commonly distributed in airdrops?
All of the above
Utility tokens
Security tokens
Stablecoins
What is the difference between a hard fork and an airdrop?
A hard fork is a type of airdrop that occurs when a new cryptocurrency is created.
A hard fork is a method of trading cryptocurrencies, while an airdrop is a marketing strategy.
A hard fork is a change in the protocol of a blockchain, while an airdrop is the distribution of tokens.
A hard fork and an airdrop are the same thing, just different terms.
What is a crypto airdrop?
A free distribution of tokens
A type of cryptocurrency exchange
A security breach
A method of mining
What is typically required to participate in an airdrop?
No requirements at all
Paying a fee
Holding a specific cryptocurrency
Joining a mailing list
Why do companies conduct airdrops?
To promote their project
To increase their market cap
To create scarcity
To reward loyal customers
What are the potential risks of participating in a crypto airdrop?
Guaranteed profit
Immediate liquidity
No risks involved
Loss of personal information
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