Airdrops Farming: How And Why Does It Work?

 

Airdrops Farming: How And Why Does It Work?

Airdrops are a type of passive revenue scheme that is effectively a free token offering to users. When cryptocurrencies like Bitcoin go through downturn markets like the one we’re now experiencing, the prospect of earning passive income from one’s holdings becomes even more appealing to long-term investors.

Staking, lending, cloud mining, and yield farming are some of the ways that have gained popularity in recent years, and they entail compensating investors with money or tokens in exchange for the crypto put in the mechanism. Users that are engaged in the crypto ecosystem, on the other hand, can forage for tokens or projects that provide tokens in proportion to their vested holdings as a reward for a number of reasons via hard forks or airdrops. Therefore, airdrop farming is a viable option for many investors.

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