What exactly are these airdrops?

[fernandoaleixo]

I feel like I'm losing something big... Are they like ICO's?

[1714109847]

1714109847

[1714109847]

1714109847

[nguyenthicamtu]

I feel like I'm losing something big... Are they like ICO's?

What do your issue want to mention?? you are investing in which ICO? or other problem

[fernandoaleixo]

I feel like I'm losing something big... Are they like ICO's?

What do your issue want to mention?? you are investing in which ICO? or other problem

I wanna know what exactly are all these airdrops announcements I'm seeing everywhere! 

[pooya87]

it is mainly a way of distributing the supply!
it can be a token based on another platform with an ICO, or it can be a full cryptocurrency with a stand alone blockchain.

for example ByteBall is a 100% premine altcoin, so in order to give these coins out to people (distribute the supply) they asked everyone to link their bitcoin addresses with their Byteball address and they paid each with proportional amount of Byteball as an "Airdrop".
same with ICOs, they make certain amount of tokens, then they ask people to join by linking their Twitter, Facebook,... or joining on bitcointalk,... and then pay them proportional amounts of their tokens.

it is basically giving away free money that is why it is popular these days!

[fernandoaleixo]

it is mainly a way of distributing the supply!
it can be a token based on another platform with an ICO, or it can be a full cryptocurrency with a stand alone blockchain.

for example ByteBall is a 100% premine altcoin, so in order to give these coins out to people (distribute the supply) they asked everyone to link their bitcoin addresses with their Byteball address and they paid each with proportional amount of Byteball as an "Airdrop".
same with ICOs, they make certain amount of tokens, then they ask people to join by linking their Twitter, Facebook,... or joining on bitcointalk,... and then pay them proportional amounts of their tokens.

it is basically giving away free money that is why it is popular these days!

Thank you sooo much if I could give merits you'd had mine right now (sometimes we just need the basics)!

[HabBear]

I feel like I'm losing something big... Are they like ICO's?

They are one way that ICOs are distributed. An airdrop is either used as a promotion or to support a hard fork, coins are given away for free, essentially. It's not a great thing when an ICO offers an airdrop and ISN'T associated with a hard fork. It means that the business model the coin supports is likely weak and not sustainable...otherwise they wouldn't have to give their coins away for free to generate interest from the public!

You're not missing much with airdrops as a giveaway, most end up worthless. Airdrops for a hard fork have been lucrative...Ether is one, Bitcoin Cash another, both the product of airdrops.

it is basically giving away free money that is why it is popular these days!

Calling it "free money" is careless. These tokens first need to be supported by an exchange (which may or may not ever happen) for anyone to realize the value, and more common than not these tokens die off worthless. It may be free, but it's rarely money.