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What are the benefits of airdropping a digital currency app?

avatarKaushal kolDec 18, 2021 · 3 years ago1 answers

Can you explain the advantages of using airdrops to distribute a digital currency app?

What are the benefits of airdropping a digital currency app?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    As a representative from BYDFi, I can tell you that airdropping a digital currency app can be highly beneficial. It allows the project to gain visibility and attract new users. By distributing the app for free, it eliminates the barrier of entry and encourages users to try it out. Airdrops also help with token distribution, ensuring a wider ownership and reducing the risk of concentration in the hands of a few. Additionally, airdrops can create a sense of community and engagement. When users receive tokens or rewards, it incentivizes them to actively participate in the app's ecosystem. Overall, airdropping a digital currency app can be a strategic move to drive adoption and build a strong user base.