Week 1 of Season 12 of the Steemit Crypto Academy Contest (Summary) - UNDERSTANDING AIRDROPS FOR CRYPTOCURRENCY

INTRODUCTION

We successfully finished the first week of the 12 season, dear Steemians and community members. We would like to congratulate everyone who took part in our competition and extend an invitation to you to take part in the ongoing Season 12 Week 2 - STEEM Vs Bitcoin Halving competition that is being held by our community. Let's now review the first week's highlights.

The cryptocurrency airdrop, which enables a blockchain or protocol to put itself forward by distributing your token for free to part of your community, was the focus of a competition we organized for the opening week of season 12 that was open to all participants.

.Our valued users were asked to weigh in on the following topics throughout this competition:

What exactly is a crypto airdrop?

List the many crypto airdrops available.

Has an airdrop of STEEM token ever been claimed?

How to tell if a cryptocurrency airdrop is genuine or fake. How do we locate free cryptocurrency airdrops?

Taxation of cryptocurrency airdrops?

Have you ever registered for a cryptocurrency airdrop? That coin was, which one? Describe how to claim a cryptocurrency airdrop if you've never done so.

Cryptocurrency airdrops: pros and drawbacks

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Statistics of participation
We received 23 entries over the course of the competition, and thankfully we did not come across any instances of plagiarism. However, two of the entries were disqualified because they were submitted after the publication deadlines had passed, so we always ask our dear participants to follow the rules so that their efforts are recognized and we can evaluate them