PSA: Cappasity on Kucoin is airdropping 25% token bonus to holders

[cryptocali]

CAPP is airdroping 25% coins to holders. Put them on ERC20 wallet and register it on the CAPP website they will start dropping on April. Deadline to register is March 7th

https://blog.artoken.io/capp-airdrop-the-more-you-hold-the-more-you-earn-c900560bac5b

Our airdrop program awards 7–25% in additional CAPP tokens to our most loyal token holders.

The airdrop program starts on February 22nd. On each of the following dates you will receive these bonuses sent to your wallet:

April 12: +7% of your total CAPP token holdings
May 12: +6% of your total CAPP token holdings
June 12: +5% of your total CAPP token holdings
July 12: +4% of your total CAPP token holdings
August 12: +3% of your total CAPP token holdings

[caisa88]

Thanks for this post !
 Also, you should mention that you need at least 1000 coins in your wallet and you must not move any of it in order to be eligible for the airdrop for each month.

[rodalutor]

Where are the airdropped tokens coming from?

I don't fully understand the motive of such airdrops, they encourage holding but they also increase supply and once the airdrops are done there will be a lot of dumping. They don't seem to be very beneficial in terms of a long term approach to price growth.