Forks and airdrops may not make you rich overnight, but they're an excellent way to acquire extra crypto, which can help you establish long-term wealth. Airdrops are essentially marketing campaigns for new cryptocurrencies that developers conduct to increase awareness and understanding. When an existing cryptocurrency changes or upgrades its protocol, it creates forks. It typically gives current owners of the old network free crypto coins as a bonus on the new network. For example, when Bitcoin forked, the forks of bitcoin like Bitcoin Cash were given to all holders of Bitcoin. Forks or airdrops are a great way to get free cryptocurrency. IRS requires you to report any new crypto acquired via forks and airdrops for tax purposes.