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Title: Can a new coin be successful if it is only airdropped? (no ICO or mining) Post by: Tachyon_X on August 08, 2018, 07:29:11 AM Today, we know that the ICO model has in many cases been a disaster. Many of these coins are now under ICO price and, in some cases, were just cash grabs with no actual development.
That being said, can a coin be successful if it does not hold an ICO, but only distributes coins with bounties, airdrops, and campaigns? Some say that having an airdropped or bounty-based distribution of tokens would cause the price to crash too low. However, can't airdrops and bounties also create a strong community if there are expectations? Is there even a good way to distribute coins that's not an ICO or mining them? What are some examples of coins that had no ICO / weren't mined, but were distributed in some other way that are currently still successfully trading with volume? Any thoughts? Title: Re: Can a new coin be successful if it is only airdropped? (no ICO or mining) Post by: Lindazz on August 08, 2018, 07:40:53 AM I think it's possible because many of the previous tokens have been hugely successful without taking the form of an ICO.
Just like bitcoin, no ICO has been adopted, but remains a leader in the cryptocurrency market. Title: Re: Can a new coin be successful if it is only airdropped? (no ICO or mining) Post by: kevoh on August 08, 2018, 07:52:25 AM Yes, an airdropped coin/token can be successful. ICOs are now a thing of the past as a lot of factors ranging from exorbitant price on exchange listing to manipulation by third party making investors lose coins bought at ICO price and also the project founders allocating most of tokens to themselves have greatly reduced interest in ICOs.
Rewarding people with coins/tokens in exchange for tasks that involve creating massive awareness on a project is the method being employed now. Most people are smart now and are not prepared to lose their funds buying at ICOs when they can purchase at a cheaper rate at an exchange. |