Crypto airdrops are distributions of free tokens to blockchain users to promote new projects and decentralize ownership.
Eligibility is often determined by a 'snapshot,' which records wallet activity at a specific date and time.
To participate, you need a non-custodial wallet like MetaMask. Exchange wallets are rarely eligible for direct claims.
Safety first: Never share your seed phrase. Legitimate projects will only ask you to sign a transaction, not for your keys.
Users must pay 'gas fees' to the network to claim tokens. Ensure you have a small amount of native currency like ETH or SOL.
Airdrops are often taxable. Keep records of the token's value at the time of receipt for accurate financial reporting.