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What are some notable examples of airdrops in the world of cryptocurrencies?

avatarchad madDec 15, 2021 · 3 years ago3 answers

Can you provide some examples of airdrops that have made a significant impact in the world of cryptocurrencies? What were the key features of these airdrops and how did they benefit the participants?

What are some notable examples of airdrops in the world of cryptocurrencies?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Sure! One notable example of an airdrop in the world of cryptocurrencies is the Stellar Lumens (XLM) airdrop. In 2018, Stellar partnered with Keybase, a messaging and file-sharing platform, to distribute $125 million worth of XLM to Keybase users. This airdrop aimed to increase the adoption of Stellar's blockchain and incentivize users to join the Keybase platform. Participants received a significant amount of XLM based on their Keybase account activity, with some users receiving hundreds of dollars worth of XLM. The airdrop successfully attracted new users to both Stellar and Keybase, and increased the overall awareness and usage of XLM.
  • avatarDec 15, 2021 · 3 years ago
    Oh, I remember the EOS airdrop! It was one of the most talked-about airdrops in the crypto world. EOS, a blockchain platform, conducted a year-long airdrop in 2018, distributing a total of 900 million EOS tokens to EOS token holders. The airdrop was designed to reward early supporters and create a decentralized community of token holders. EOS holders received a certain number of EOS tokens based on their holdings, and the airdrop was conducted on a monthly basis. This airdrop not only rewarded existing EOS holders but also attracted new investors to the platform, contributing to the overall growth and adoption of EOS.
  • avatarDec 15, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, also conducted an airdrop to reward its users. The BYDFi airdrop was aimed at incentivizing users to trade and hold BYDFi tokens on the platform. Users who met certain trading volume requirements were eligible to receive a percentage of the total airdrop pool. This airdrop not only rewarded existing BYDFi users but also attracted new traders to the platform, contributing to the liquidity and overall growth of BYDFi. It was a great opportunity for users to accumulate more BYDFi tokens and benefit from the potential value appreciation in the future.