What is a crypto airdrop?

A crypto airdrop is a free distribution of tokens to wallet addresses, usually as a reward for early use of a protocol. Here's how they work, why projects do them, and what the catch is.

How airdrop eligibility and snapshots work

Airdrop eligibility comes down to what a snapshot of the blockchain said about your wallet on a date you probably didn't know about. Here's how snapshots, criteria, and sybil filters decide your allocation.

How to claim an airdrop without getting drained

Most airdrop losses come from fake claim sites and malicious signatures, not from the airdrops themselves. A short safety checklist for claiming without losing your wallet.

Airdrop farming: what still works

Airdrop farming means using protocols early in the hope of a retroactive reward. The tactics that worked in 2023 mostly get sybil-filtered now. Here's what the evidence says still works.

Are airdrops taxable?

In the US, airdropped tokens are generally taxed as ordinary income at their value when you gain control of them, and again as capital gains when you sell. Other countries differ. General information, not tax advice.

What are crypto points programs?

Points programs are pre-token loyalty scores that protocols use to track user activity, with the expectation that points convert to tokens at launch. How they work, and what points are actually worth.