Snapshot: At a specific point in time, known as a "snapshot," the project team records the holdings of users on the blockchain. This snapshot captures each user's address and their token holdings or other qualifying criteria to determine eligibility for the airdrop.
Calculate Airdrop Amount: Based on the snapshot, the project team calculates how many airdrop tokens each eligible user will receive. This calculation may be based on factors such as the number of tokens held, the number of transactions, or the registration time.
Announcement: The project team publishes an announcement detailing the airdrop conditions, the snapshot time, and the token distribution schedule.
Smart Contract Distribution: The project team deploys a smart contract to automatically distribute the airdrop tokens to eligible users' addresses. The smart contract ensures the process is transparent, fair, and free from manual intervention.
Claiming the Airdrop: Some projects automatically send the airdrop tokens to users' wallets without requiring any additional action. Other projects may require users to perform specific actions, such as visiting the project's website and connecting their wallet to claim the airdrop tokens. This method helps ensure that only active users receive the airdrop and increases user engagement with the project.