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.
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.
Not exact matches
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.
Specifically, Coinone Indonesia's website states that the «lucky 10,000 persons who practical for pre-registration will be selected to get trade
price [
of] 0.00 % banking and [the] Qtum
Airdrop.»
In both
of those scenarios, the
airdrop did its job for a small
price (well, potentially a larger
price if it moons).
An
airdrop is a great marketing campaign that brings a lot
of awareness and trust with holders at more than a reasonable
price.
The development team
of Callisto Network project has suggested at a 1:1
airdrop which may trigger the
price surge
of ETC much to the delight
of holders who have for long been awaiting some good news.
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Airdrop Annoucement
of Callisto (CLO) Tokens Causes ETC
Price Surge Good news for Ethereum Classic Holders or shall we say «HODLERS».
«And if any one
of those addresses was ever associated with an exchange or merchant that does KYC... all
of those now have your identity attached to them — that's a heavy
price to pay to collect an
airdrop.»
«
Airdrops come with a rather significant
price attached to them, and that
price is the loss
of privacy,» he said.
Monday's
price movement appears linked the impending launch
of Callisto, a cryptocurrency that will be
airdropped at a 1:1 ratio to all ETC holders at the time
of the blockchain snapshot, which is planned for block 5500000 (approximately March 5).
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.
Speculation surrounding an impending
airdrop has propelled the Ethereum Classic
price within range
of its all - time high.
Now it looks as if the
price of Zlcassic will continue to fall as we approach the actual
airdrop date.
Since then, the
price of ETC has collapsed to nearly $ 0.29 as savvy investors cashed out their profits — and the
airdrop hasn't even happened yet.