Sentences with phrase «value of airdropped»

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.

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.

Not exact matches

The airdrop model solves both of these requirements by creating an initial userbase and incentivising people to add value to thier airdropped coins.

As a method to pump coin value, coins would announce airdrops where coin holders would receive bonus coins proportional to the amount of total coins they hold.

With TRX trading around $.05, the airdrop has an estimated value of $ 1.5 million.

With a number of other forks which occurred in 2017 and more so coming up this year, having access to every airdrop would enable users to reap the full value of Bitcoin and its decentralized character.

Omise decided to conduct an airdrop to raise awareness about the project, but Hasegawa spoke to the broader benefits of the distribution model, writing in an email to CoinDesk — via a spokesperson, «The real value of ethereum projects doing airdrops to all ETH holders is that it's a crypto economic mechanism designed to incentivize ethereum project communities to maintain alignment with the entire ethereum community.»

With a number of other forks which occurred in 2017 and more so coming up this year, having access to every airdrop would enable users to reap the full value of Bitcoin and its decentralized character.

Another example is OmiseGo (OMG), which was airdropped in July 2017 at a value of roughly $ 0.20 per coin and traded as high as $ 25 and is currently at $ 11.86 a coin.

OmiseGo decided to do an airdrop to raise awareness about the project, but Allen spoke to the broader benefits of airdrops, saying, «The real value of ethereum projects doing airdrops to all ETH holders is that it's a crypto economic mechanism designed to incentivize ethereum project communities to maintain alignment with the entire ethereum community.»

By gifting new assets to existing cryptocurrency users, so - called «airdrops» are proving explosive, enabling the sudden creation of massive amounts of value almost overnight.

Auroracoin's value has slumped somewhat on exchanges like Cryptsy, however, going from a high of 0.0285 BTC two days before the Airdrop to a low of 0.0075 BTC on 26th March, its heaviest trading day.