What are the benefits of participating in an airdrop of new cryptocurrency following a hard fork?

1 answers

• May 07, 2022 · 3 years ago
  At BYDFi, we believe that participating in an airdrop of a new cryptocurrency following a hard fork can offer several advantages. Firstly, it allows cryptocurrency holders to diversify their portfolio by acquiring tokens of a new project without any cost. This can help spread the risk and potentially increase the overall value of their holdings. Secondly, participating in an airdrop can provide holders with an opportunity to engage with the community surrounding the new cryptocurrency. This can lead to networking opportunities, learning experiences, and potential collaborations. Lastly, airdrops can also serve as a way to reward loyal holders and early supporters of a project. By distributing tokens to existing holders, the project can show appreciation and build trust within the community. Overall, participating in an airdrop following a hard fork can bring benefits such as portfolio diversification, community engagement, and recognition for early supporters.
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