Airdrop
Home » Bitcoin Culture » BTC Glossary » Airdrop
Airdrops are a marketing tactic used to help grow a Bitcoin start-up company, often involving giving out free sats to active members of that particular community.
Other ways to receive an airdrop would be to complete tasks such as retweeting or sharing something relating to the company and receive sats as an incentive. These sats are usually received on the lightning network, which facilitates instant Bitcoin transactions at very low fees.
Of course, there are a lot of shitcoin projects that use this tactic too with the main difference being that they can issue new tokens as and when they feel like it. With Bitcoin’s protocol, any sats you receive from an airdrop will not be diluted as the amount of Bitcoin that will ever exist is fixed at ~21 million.
Share with a friend
If you thought this information was helpful why not share it on your favourite social media network and encourage others to learn more about Bitcoin
The latest news from our blog
How To Use AlbyHub Node Sub Accounts
Let’s get real for a moment; Alby moving to fully non-custodial is a good thing for Bitcoiners, but it is still a pain in the
What Is Strata?
It’s about that time of the cycle when everyone and their Uber driver begins to pay attention to Bitcoin, and with more eyes on the
U.S. Treasury Bills Issued On The Liquid Network
In a move that will make the Liquid Network even more unpopular with Bitcoin maxis, Nexbridge has introduced a novel approach to issuing US Treasuries