Crypto Companies Embrace Airdrops to Attract Users in Sideways Markets
Cryptocurrency companies are actively using airdrops to boost user engagement in the midst of sideways market movement.
This strategy is employed by both established industry players and emerging projects seeking recognition. Airdrops serve as incentives for users to explore digital currencies and the associated products. Notably, Binance, the world’s largest cryptocurrency exchange, has faced regulatory challenges but managed to reach 150 million users. They now offer various incentives, including distributing $88,888 worth of tether (USDT) among active traders and up to 100 USDT for new registrations.
Other exchanges like Bybit and promotions related to the Ethereum Cancun Upgrade are also joining the airdrop trend. October presents a range of airdrop opportunities, detailed in guides by crypto education portal Coindoo, including projects like Bitfinder and Wall Street Memes. Caution is advised when participating in airdrops from lesser-known platforms, as they may require sensitive information or purchases. It’s crucial to conduct thorough research before getting involved in such initiatives.
Clever Robot News Desk 3rd October 2023
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