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