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Moreover, Ampleforth is now the longest-running algorithmic stablecoin.</p>\n<p>Algorithmic stablecoin is a crypto token that keeps the value of an asset by using price stabilization algorithms. The price stability is attached to a reserve asset - <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat currency.</p>\n<p>This kind of coin uses an algorithm to its advantage and emits more coins when the price goes up. Then purchases them off the market when the price goes down. 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The adoption process is separated into stages, where the adoption increases from a small testing group to the mass public.</p>\n<p>At their inception, computers were only available to governmental and military organizations. Personal computers later became accessible to some private consumers. The network progressively spread around the world, and consequently, the user base increased.</p>\n<p>As the technology became increasingly adopted, it started improving, and thus became even more accessible. The process of adoption is prominent in a wide array of markets and is not limited solely to technological or digital developments. Adoption stages may vary across the board.</p>\n<p>Throughout the history of crypto, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain technology</strong></a> has posed the perfect example of a positive adoption curve. 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By <strong>2022</strong>, about 90% of <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin (BTC)</strong></a>, the cryptocurrency built on the initial blockchain, has been mined.</p>\n<p>Thousands of other blockchains have been developed and launched using this technology, demonstrating the increasing pace of the adoption curve. As of March 2022, the total number of blockchain-based cryptocurrencies exceeds 18,000. This demonstrates the tremendous pace of the blockchain adoption curve.</p>","level":"easy","meta_title":"What is Adoption Curve? 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Crypto Terms: Letter A

What is Airdrop?

Airdrop MEANING:
Airdrop - a marketing campaign designed to distribute a certain cryptocurrency or token as a participation incentive.
Easy
1 minute

Let's find out Airdrop meaning, definition in crypto, what is Airdrop, and all other detailed facts.

Airdropping is a marketing method to distribute crypto assets to the public as an incentive if they own other tokens or have a wallet on a specific blockchain. This can be seen as a promotional act within the community of a certain blockchain. The goal is to attract new users to the blockchain network that hosts the asset.

Normally, in order to participate in an airdrop, users must hold a specific amount of tokens in a crypto wallet that can be publicly discoverable. This has to transpire within a specific time window, known as snapshot time. The project handling the airdrop uses the snapshot and distributes the tokens among the users.

Airdrops allow users to add variety to their cryptocurrency portfolios. Furthermore, as an advertisement campaign, it informs the inner community, as well as prospective token holders, about the asset. Some of the common airdrop reward conditions include social media shares, active referrals, and downloading the app of the blockchain project.