Definition ∞ An Airdrop Contract is a smart contract programmed to distribute cryptocurrency tokens or NFTs to a select group of wallet addresses. These contracts automate the distribution process, typically based on predefined criteria such as holding specific tokens or participating in a protocol. They serve as a mechanism for project teams to distribute new tokens, reward community members, or generate initial awareness. The contract code dictates the rules for eligibility, the amount of assets distributed, and the timing of the distribution.
Context ∞ Airdrop Contracts are frequently featured in crypto news as projects announce token launches or community incentive programs. Their implementation often draws attention to the fairness and transparency of token distribution, influencing public perception of a project. Scrutiny arises regarding contract security, potential exploits, and the prevention of Sybil attacks or unfair allocation. The success of an airdrop, facilitated by its contract, can significantly affect a new token’s initial market liquidity and community engagement.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
