Questions remain though about the legal status
of airdropped tokens in an age where anything related to crypto risks being labeled a security.
In the end, you may get lucky, but many
of these airdropped tokens end up going nowhere and are useless.
To spread the word about a project to the largest number of users, in hopes that they will spread the word further, generating massive interest in the project, and eventually causing the price
of the airdropped token to rise dramatically.
Not exact matches
Mainframe initially sold its
tokens in a private pre-sale exclusively for accredited investors (several
of whom witnessed the
airdrop), raising 27,000
of Ethereum cryptocurrency that's currently worth some $ 15 million.
The price
of ICX was driven up at the launch when ICON announced and
airdrop event for its customers which took the price
of the
token to $ 4, it trades today $ 4.30 according to Live Coin Watch.
For example, so - called
airdrops, once viewed as a way to avoid breaking securities laws by simply sending free
tokens to people who already have some type
of cryptocurrency wallet, are instead creating a damned - if - you - do, damned - if - you - don't situation.
An
airdrop is a method
of giving away ERC - 20
tokens to people that hold Ethereum in a proper wallet.
Back in July, now popular Ethereum - based platform OmiseGo had a large scale
airdrop, releasing five percent
of all
tokens out into the wild at no cost.
No public ICO, instead there will be a huge community
airdrop of 1.25 %
of the
tokens + additional pre-sale round.
A recent example
of this was Omise Go who
airdropped large numbers
of their
tokens to Ethereum holders shortly after their successful ICO, stating:
Once the date is determined, crypto
tokens airdrop are directed straight into the wallets
of the participants.
Many
of these projects
airdrop free
tokens to anyone who has a Waves wallet address... and owns at least one Waves
token.
The most popular blockchain for
airdrops by far is Ethereum, and many
of the
tokens created with be ERC - 20
tokens.
Airdrops create a community / network
of people who own the
tokens.
In cryptocurrency however, money may not grow on trees but
tokens seem to just drop from the sky...
Of course I am talking about cryptocurrency
airdrops!
Airdrop is a practice in which free
tokens are distributed through a particular process and to the holders
of cryptocurrencies.
The Waves platform also has a lot
of airdrops of new
tokens so to make sure you have the highest opportunity to receive free
airdrops you should create wallets for both and hold some coins in there.
Usually, it takes about 1 — 2 months after the end
of the
airdrop before you receive your
tokens.
Well in the cryptocurrency world the traditional rules rarely apply, and the creators
of new
tokens and coins have found a way to challenge the idea that free stuff always comes with a catch with a little trick
of their own and it's called an «
Airdrop».
Airdrops are considered «free money» whereby existing holders with qualified addresses
of a particular blockchain currency are credited free
tokens.
Mainframe initially sold its
tokens in a private pre-sale exclusively for accredited investors (several
of whom witnessed the
airdrop), raising 27,000
of Ethereum cryptocurrency that's currently worth some $ 15 million.
We listen to our community, so after many requests, we have decided that faithful INS supports, who weren't aware
of the INS project at the
token sale stage and bought INS
tokens on exchanges after the
token sale end, also deserve their stake
of the
airdrop.
Instead
of the planned 200,000 INS monthly
airdrops for the
token sale participants on April 30, May 31 and June 30, we'll do a single distribution
of all the remaining
airdrop tokens (600,000 INS) on July 2, 2018.
Of course being run on the Ethereum blockchain also has some downsides — mainly that users have to pay a transaction fee anytime they interact with the network, meaning that both creating
tokens and
airdropping them to friends cost real Ether.
Eximchain, a blockchain startup focused on the supply chain industry, has raised an investment
of $ 20 million, ahead
of a planned
token airdrop.
The
Airdrop will also benefit the users who participate in the Presale and ICO with bonus
tokens for their early sign
of faith in the project!
The company also encourages large holders to contribute part
of their holdings to the
token sale to become eligible for the «
airdrop» bonus.
Cappasity will reward users who hold on to their CAPP
tokens for half a year with an «
airdrop» or 7 - 25 %
of their
tokens.
We have set aside a specific portion
of the
airdrop that will go to
token purchasers during the pre-sale and ico markets.
Allvor plans on
airdropping five percent
of its
tokens to XRP holders, with the condition that they have owned XRP before March 27, 2018.
Swarm, a blockchain for tokenizing private equity, just announced a few
airdrop promotions, two
of which encourage referrals, although by far the largest
token sale on the platform is one that just drops
tokens to existing cryptocurrency holders.
Instead
of the planned 200,000 INS monthly
airdrops for
token sale participants on April 30, May 31 and June 30, we'll do a single distribution
of all the remaining
airdrop tokens (600,000 INS) on July 2, 2018.
Indeed, after XRP Ledger (then called the Ripple Consensus Ledger) was created, XRP
tokens were distributed to users
of popular bitcoin forums in what isn't all that different from what's today called an «
airdrop.»
Through
airdrops, a new
token can build up a big following
of owners that can become a powerful network.
After many requests from our community, we have decided that faithful INS supports, who weren't aware
of the INS project at the
token sale stage and bought INS
tokens on exchanges after
token sale end, also deserve their stake
of the
airdrop.
They tell you what currency you need to hold at the time
of the
airdrop in order to receive the
tokens and information about the wallet.
Airdrop token receivers are usually required to perform certain tasks and objectives as conditions to obtain some
of the distributed
tokens.
Havven, a decentralized payment network and stablecoin, is preparing an
airdrop of tokens worth up to USD 1 million, one
of the largest campaigns launched, according to company.
The
airdrop, which begins Feb 4, offers participants and potential users a chance to secure havven
tokens ahead
of the company's initial coin offering on Feb 28.
The Current app is available in the Apple Store, and the company plans to reward anyone who has the app during the
token sale period with a small
airdrop of CRNC.
data - ad - client = «ca - pub - 9378923892950908» data - ad - slot = «4926898058» > Ethereum Classic
Airdrop Annoucement
of Callisto (CLO)
Tokens Causes ETC Price Surge Good news for Ethereum Classic Holders or shall we say «HODLERS».
Founder Kain Warwick said, in a statement, «An
airdrop made a lot
of sense for us, we want the widest distribution
of tokens possible.
• The exact number INS
tokens an
airdrop participant receives is calculated as his stake divided by the total sum
of stakes
of all participants and multiplied by the total number
of tokens for
airdrop
Every Jackpot is essentially an
airdrop of tokens.
• For the first
airdrop on January 31, 2018 the starting balance is the amount
of INS
tokens purchased during the
token sale.
Well in the cryptocurrency world the traditional rules rarely apply, and the creators
of new
tokens and coins have found a way to challenge the idea that free stuff always comes with a catch with a little trick
of their own and it's called an «
Airdrop».
Omise released an announcement for an automatic
airdrop of tokens beginning on Monday, Sept. 4.
Online video music platform Viuly is in the midst
of a massive
airdrop campaign, distributing all
of its native VIU
tokens to about 1 million Ethereum users.
The next batch
of airdrops will be 300,000 ONION
tokens which will increase to 350,000 from the 40th
airdrop and beyond.
Unlike most other cryptocurrencies, they have not completed an ICO and have allowed some
of the 18 million pre-mined
tokens to be dispersed through these
Airdrops.