When cryptocurrencies like Bitcoin (BTC) go through bear phases like the one we currently find ourselves in, the idea of earning passive income from one’s holdings becomes all the more attractive for long-term investors.
Related: Decentralized finance: A beginner’s guide to earning passive income with DeFi
Different methods such as staking, lending, cloud mining, and yield farming have become popular in the past few years and involve rewarding investors with money or tokens for the crypto tokens invested in the mechanism.
However, with hard forks or airdrops, users who are active in the crypto ecosystem can forage for tokens or projects that offer additional tokens in proportion to their vested holdings as a reward for a variety of reasons.
Since both are intended at increasing the popularity of the project or as part of a promotional campaign, hard forks and airdrops work differently and come into existence through completely unique mechanisms.
Let us look at what differentiates...
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