#AirdropStepByStep k Airdrop is the unwanted distribution of a token or cryptocurrency coin, usually for free, to numerous wallet addresses. Airdrops are often associated with the launch of a new cryptocurrency or DeFi protocol, primarily as a way to attract attention and new subscribers, leading to an increase in the user base and wider distribution of coins. Airdrops have become an increasingly important part of ICOs as crypto entrepreneurs have started to conduct private sales instead of public offerings to raise initial capital. [needed link] One example of this is the company Omise, which in September 2017 distributed five percent of its cryptocurrency OmiseGO to Ethereum holders.

Airdrop giveaways aim to leverage the network effect, attracting existing holders of a certain blockchain-based currency, such as Bitcoin or Ethereum, to their currency or project.

In the United States, this practice has raised political questions regarding tax obligations and whether they constitute income or capital gains. [4]