What Are Crypto Airdrops? And Are They Worth the Risk?
Few phrases in cryptocurrency trigger the fear of missing out (FOMO) faster than "free coins." Social media used by cryptocurrency natives overflows with screenshots from people who supposedly banked five-figure windfalls simply by clicking a button, or sometimes simply by holding a certain coin. The allure taps mankind's primordial impulse to find and then eat free lunches whenever possible.But it's been said that there's no such thing as a free lunch, and that if something is too good to be true, it probably isn't real. That tension is why crypto airdrops feel at once irresistible and, for most investors, maddeningly unrewarding. For some, they can even be disastrous.Let's unpack how these giveaways really work, what can go wrong, and why skipping them usually beats chasing them.Continue reading
Few phrases in cryptocurrency trigger the fear of missing out (FOMO) faster than "free coins." Social media used by cryptocurrency natives overflows with screenshots from people who supposedly banked five-figure windfalls simply by clicking a button, or sometimes simply by holding a certain coin. The allure taps mankind's primordial impulse to find and then eat free lunches whenever possible.
But it's been said that there's no such thing as a free lunch, and that if something is too good to be true, it probably isn't real. That tension is why crypto airdrops feel at once irresistible and, for most investors, maddeningly unrewarding. For some, they can even be disastrous.
Let's unpack how these giveaways really work, what can go wrong, and why skipping them usually beats chasing them.
