Bitcoin Forum
June 18, 2024, 07:42:28 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How do airdrops work with bitcoin?  (Read 238 times)
ulhaq (OP)
Sr. Member
****
Offline Offline

Activity: 503
Merit: 286


View Profile
November 11, 2017, 06:27:48 AM
 #1

I understand that airdrops can happen with ERC20 tokens to an ether address. But I have seen a lot of coins that do airdrops for bitcoin, by checking balances in bitcoin address at a certain time. How does it work? Since the new tokens are not bitcoin, they cannot be sent to a bitcoin address. Do they create duplicate addresses in the new coin to send coins to, and is the private key somehow the same?
Herbert2020
Legendary
*
Offline Offline

Activity: 1946
Merit: 1137


View Profile
November 11, 2017, 06:39:30 AM
 #2

you sign a message (usually the address you want to receive your tokens in) with your bitcoin private keys to prove ownership of those keys in a fraud proof way.

for example Byteball airdrops gives you Byteball based on how much bitcoin you own. you have an address containing 1BTC and use the keys for that to sign your Byteball address just like you are signing a message. and give it to the airdrop bot inside your Byteball wallet and it verifies that you are the owner of that bitcoin address and when the time comes if you still have the balance you will receive the promised amount of GBYTE.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
Chair ee law
Full Member
***
Offline Offline

Activity: 232
Merit: 100


View Profile
November 11, 2017, 06:58:05 AM
 #3

Airdrops are tokens being sent out by developers for free,  or sometimes fpr promotion.  Once tokens are listed to different markets, you cam sell it and covert it to eth and then to bitcoin. I guess that is how itit works.
naitik01
Jr. Member
*
Offline Offline

Activity: 56
Merit: 10


View Profile
November 12, 2017, 03:11:20 AM
 #4

Airdrops are tokens sent out by developers for free,once tokens are listed to different markets,you can sell it and convert to bitcoin.Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as  Electronic Cash. Merchants and users are empowered with low fees and reliable confirmations.
daniel08
Full Member
***
Offline Offline

Activity: 602
Merit: 100


View Profile
November 12, 2017, 03:21:44 AM
 #5

Its all free , you can have tokens by participating in airdrops , just fill up theform they provided ,. And when the tokens from the airdrops you receive listed in different exchanges you can sell them in etherium or bitcoin , TOKENS/ETH or TOKENS/BTC in its prospective exchange you want to sell it.

QDAO USDQ     |     Platinum StatableCoins: USDQ KRWQ CNYQ JPYQ
█▀   $1MLN BOUNTY POOL   / / / J O I N / / /   ▀█
WHITEPAPER                FACEBOOK                TWITTER                TELEGRAM                ANN THREAD
Aryanto28
Full Member
***
Offline Offline

Activity: 211
Merit: 101


View Profile
November 12, 2017, 03:42:50 AM
 #6

Airdrop can work well with bitcoin because airdrop is a support factor in bitcoin. airdrop can give us free postoken just by filling the data that has been provided airdrop and postoken then we can make bitcoin according price already marketed. With airdrop then bitcoiner can get many choices in finding bitcoin.
BariaczRoni
Member
**
Offline Offline

Activity: 266
Merit: 10


View Profile
November 12, 2017, 04:06:54 AM
 #7

I think they will take snapshot on bitcoin blockchain, then do airdrop to user Myetherwallet. That's the only way how it does.
kqyyzmlc
Member
**
Offline Offline

Activity: 80
Merit: 10


View Profile
November 12, 2017, 04:23:04 AM
 #8

Airdrop can work well with bitcoin because airdrop is a support factor in bitcoin. airdrop can give us free postoken just by filling the data that has been provided airdrop and postoken then we can make bitcoin according price already marketed. With airdrop then bitcoiner can get many choices in finding bitcoin.
Although BTC is a public blockchain, for now, Airdrop takes a snapshot of bitcoin and is very irrational.Because you can think of bitcoin's bloated blockchain, haha.Also, the erc20 token used by Airdrop is very mature and there is no need to take BTC snapshot, personal opinion.
ulhaq (OP)
Sr. Member
****
Offline Offline

Activity: 503
Merit: 286


View Profile
November 12, 2017, 04:40:57 AM
 #9

you sign a message (usually the address you want to receive your tokens in) with your bitcoin private keys to prove ownership of those keys in a fraud proof way.

for example Byteball airdrops gives you Byteball based on how much bitcoin you own. you have an address containing 1BTC and use the keys for that to sign your Byteball address just like you are signing a message. and give it to the airdrop bot inside your Byteball wallet and it verifies that you are the owner of that bitcoin address and when the time comes if you still have the balance you will receive the promised amount of GBYTE.

So apparently it is safe to sign the byteball address with the bitcoin private key (and all the other altcoins doing airdrops?)
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!