Bitcoin Forum

We all have heard about ICO's for a time now. This month i have been hearing more about ICD's. I belive Fresco is the first token to implement that.

What else is there?

For people who dont know:
ICO: Initial Coin Offering
ICD: Initial Coin Distribution

Bumping this, since i've posted on wrong topic before and that affected the visibility. I hope we can start a constructive thread about this.

I wonder what will be the difference in attracting coins and their distribution!

ICO are not free, but in ICD tokens are given away for free. No investment required, it's free an is free beer after all :).

The deal is "is the beer" worth the effort? Well, that will depend on the whitepaper of the ICD i guess.

As far as I understand you ICD is an integral part, and most importantly an dependent part of the ICO. Then what is the point if everyone faces this every day.

i didn't know that there are still ICD.
the problem is that it seems that develop a new coin/tokens require a lot of money, and it's an easy way find it with an ICO.

So you mean ICD will as attractive as ICO's for users? Also it is kinda scam proof since you are not investing anything, will that make the ICD more attractive then ICO's?

At present, many people seem to be involved in ICDs, probably because of the proliferation of ICOs, and some waste projects flooding them, disrupting the market.

Are there any ICDs besides Fresco that is active? I see many ICO posts but not much ICD ones.

I will like to know what will be done before you can get the free token because atleast you should be able to put effort in something before you can get reward form it. If you do not do anything, than what does it offer in the crypto industry since there is no work to be done before you get the free coin

so an ico i have to pay with Money or other cryptocurrencies to receive the token i want ti invest in. But whats then diference to an icd are Tokens for free ?
I think i did not get it 

This is the first time I'm hearing about Initial Coin Distribution (ICD).

It looks to me like someone is trying to "clear the name" of ICOs just by introducing a synonym for Offering -> Distribution.  

I assume it's the same process as for ICOs or is it something different?

In ICO there is an offering from public to buy it. In ICD tokens are distributed without any charge.

So the main difference is you are not paying for the tokens its free.

What is the difference between ICO and ICD. It seems to me no matter what the process of collecting money for a project is called, all the same, the essence is the same.

honestly I have never heard of ICD before. it's a platform about what and how to implement it I have not understood. but maybe thanks to your post I will find out a lot about ICD. I hope ICD can be a solution for ICO which lately contains a lot of scam. thanks.

In essence they are the same, but there is a huge difference which is in ICO you pay for token, in ICD you dont pay for tokens.

ICD feels safe because you are not actually investing with your money(Fiat or Crypto). Perhaps this will help to reduce scammers.

I only noticed that Fresco is using this approach. anyone know of another coin that's doing ICD?

Yes that's it, token are free in ICD. but off course like in ICO there is a whitepaper and a value proposition for the new token.

To earn ICD perhaps there are requirements like in air drops. For instance Fresco says in its web site that:

Details on what you should do to be eligible for the FRESCO ICD:
1. Fill out the form below using a valid frequently used email address

2. Enter your social media handles and follow FRESCO on those platforms,  we need your support to let more people know about us!
 
3. Pass the FRESCO Community Test, 100 questions (1 point each) about the art world and FRESCO's concepts. A passing grade is 80 points.

4.Provide your ERC-20 compatible Ethereum address – it should be an ERC-20 compatible wallet such as MyEtherWallet, MetaMask, Ethereum Wallet, Mist, etc. (Please note that we will NEVER ask you for your Private Key nor will we be asking for any donations from you in order to receive the Airdrop).

Every successful participation entry will receive 2,000 FRESCO Tokens.

Oh, something new for me, I have never seen ICD. What is the main difference between them? And do you know about some recent ICD?
Thanks!

Whether Initial coin offering(ICO) or Initial coin distribution(ICD) the whole idea is to circulate crypto currency for massive adoption. What ever name we choose to call the most important thing is that the project should bring great results to the society. Thanks

In ICO you need to invest fiat/crpto currency to earn the token. In ICD tokens are distributed for free. You can examine Fresco coin as an example.

I like the idea since there is not much possibility of scam.

 Base one what we have seen in the market from tokens that did ICD like hydro and fresco. I will give it to ICD been that the token holders will determine the market and if the token has something nice to offer people will want to buy and hold. Which will give the token the opportunity to grow well overtime....

Both are both a bad thing what only spoil ICO is the level at which fake projects are increasing daily just to run with people ethereum and bitcoin. If a project is outstanding and decide to do ICO it's not a crime. But ICD is  risk free you only get the token or coin by doing specific tasks.

Can you explain what ICD is? ???
I first heard the concept of ICD. ::)

Whether Initial coin offering(ICO) or Initial coin distribution(ICD), these are just nomenclature that means almost the same thing in the cryptocurrency space. The most important issue is that coins or tokens are distributed evenly to the masses for adoption. I remember Mankind first project, implementing what it termed initial group offering(IGO).

Can you elaborate on IGO? What is the main difference?

ICD looks very similar to the airdrop distribution. What's the differences? ICD provides the more step for the participants to get their token through doing any survey or social media competition. But it looks very similar. I guess if sometimes i were seeing airdrop and it's the same like i'm seeing ICD

ICD is an analogue of airdrops as I heard. I think ICO is more perspective for crowd funding and it will be alive for a long time but not so popular as last year.

That's what i think too since ICD do not require you to invest with bitcoin or ethereum.

Is ICD really risk free in that regard? If you see an ICD and even if you do not understand what they are trying to solve... It seems like a good thing to get some, right?

I birth never learned of ICD already. it's a arrange in relation to what and how to appliance it I birth not appreciated. on the other hand conceivably thanks to your assign I will catch out a lot in relation to ICD.

What's the difference? On ICO, you have to pay them and on ICD you get them for free?  isn't that an airdrop?

This is the first time i heard about ICD in 3 years . Whats the difference between two of them ? Or its just a name change for project not to follow regulations ? Probably will come something new soon . People like to find loopholes not to follow regulations

It might be a loophole for regulations, but it is a valid one.

In ICD tokens are given away without asking any crypto currency or fiat currency in return.

Perhaps a signup is required to earn the token, or some task which requires a little time or effort.
Perhaps another way to look at it is a Government can do an ICD and say its basicly universal basic income for citizens.
Perhaps a coin foundation can do the same and give away coins for free as universal basic income for new comers (new citizens of that coins network)

These are all valid points, specially giving away coins for new comers will be a second chance for people that miss the opportunity. This is especially good for POS coins.

I D which means Initial Coin Distribution is just a form of bounty that reward you after you must have done some task. Fresco did not give out tokens for free, they asked us to do some online test which you would be paid in fres if only you pass.

In Fresco's case the question really boils down to: Is it more scam free to do an online test and get tokens, or is it safer to just send some ETH/BTC to earn those coins.

It probably depends on how much you value your time or the information you give away for online test? Perhaps in some cases its cheaper to just give some dust amount of ETH/BTC after all.