Sentences with phrase «airdropped coins»
The phrase "airdropped coins" refers to the distribution of free cryptocurrency to a large number of people. It is like giving away digital coins for free to many individuals. Full definition
He also added that the NAV spread is not accurate as it does not have any role to play in determining the value of airdropped coins from bitcoin gold and bitcoin cash or altcoins created as a resultant of Bitcoin hard forks.
kryptomoney.com
«The big experiment with airdropped coins was that they'll just fail, and if people are getting free coins, they'll just immediately sell them and it will dump down to pennies,» said Rhett Creighton, who's leading the bitcoin private effort.
As highlighted by author Andreas Antonopoulos, claiming airdropped coins with a bitcoin key pair can risk linking an entire transaction history, even if a bitcoin user has been diligent.
Currently the team is in the process of handing out second airdrop coins to users, with people being required to download the BTR wallet (its web version to be precise) to complete the process.
The airdrop model solves both of these requirements by creating an initial userbase and incentivising people to add value to thier airdropped coins.
Many of the airdropped coins are based on the ERC20 protocol and require an ERC20 compliant, non-exchange wallet to claim.
Once the airdropped coin is listed on exchange you can immediatly trade it to either btc, eth.
In other cases there are requirements that need to be met to get the airdropped coins.
You may have to hold a certain amount of another coin in your wallet to receive the airdropped coins.
Of course not all airdropped coins perform so well, but they're free so even if only 5 % of them grow like this you've made a nice profit.
If the price of these airdropped coins goes to zero, all holders will have had a realized taxable gain when they acquired the coin and nothing to show for it.
In other cases there are requirements that need to be met to get the airdropped coins.
Of course not all airdropped coins perform so well, but they're free so even if only 5 % of them grow like this you've made a nice profit.
You may have to hold a certain amount of another coin in your wallet to receive the airdropped coins.
Many of the airdropped coins are based on the ERC20 protocol and require an ERC20 compliant, non-exchange wallet to claim.
Despite the premium price, Lee wrote in a report that «GBTC at $ 688 and with 20 % NAV premium is an attractive way to gain exposure to bitcoin,» stating that the NAV spread is inaccurate because it does not factor in the value of the airdropped coins from Bitcoin Cash and Bitcoin Gold, altcoins that were created from bitcoin forks.
The only way that someone can claim an airdropped coin is through a holding the coin in question.
Hardforks and airdropped coins are always an attractive opportunity for cryptocurrency users.