The "Cycle Network" airdrop you mentioned is related to a blockchain testnet and is backed by Binance . Airdrops are often used to distribute tokens to users for testing purposes, encouraging participation in the network.
Participation in Airdrop:
Eligibility: Typically, users need to fulfill specific tasks such as following social media accounts, sharing posts, joining Telegram groups, or participating in testnet activities.
Rewards: Participants are usually rewarded with the project's tokens, which may have value once the project moves to its mainnet and the tokens are listed on exchanges.
Security: Always ensure the legitimacy of the airdrop. There are scams that pose as legitimate projects to steal personal information or funds. Verify through official channels and trusted sources.
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