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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 security breach
A type of cryptocurrency exchange
A method of mining
What is the difference between a hard fork and an airdrop?
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.
A hard fork is a type of airdrop that occurs when a new cryptocurrency is created.
Why do companies conduct airdrops?
To increase their market cap
To reward loyal customers
To create scarcity
To promote their project
What are the potential risks of participating in a crypto airdrop?
Guaranteed profit
Loss of personal information
Immediate liquidity
No risks involved
What is typically required to participate in an airdrop?
Holding a specific cryptocurrency
Joining a mailing list
Paying a fee
No requirements at all
What types of cryptocurrencies are commonly distributed in airdrops?
All of the above
Security tokens
Utility tokens
Stablecoins
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