Bitcoin Forum
December 16, 2019, 04:27:40 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What exactly are these airdrops?  (Read 66 times)
fernandoaleixo
Jr. Member
*
Offline Offline

Activity: 126
Merit: 4

Community Manager at Bitsurf.eu


View Profile WWW
March 10, 2018, 04:07:32 AM
 #1

I feel like I'm losing something big... Are they like ICO's?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
nguyenthicamtu
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
March 10, 2018, 04:14:54 AM
 #2

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
Jr. Member
*
Offline Offline

Activity: 126
Merit: 4

Community Manager at Bitsurf.eu


View Profile WWW
March 10, 2018, 04:51:32 AM
 #3

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!  Grin
pooya87
Legendary
*
Online Online

Activity: 1848
Merit: 2112


Remember tonight for it's the beginning of forever


View Profile
March 10, 2018, 05:01:17 AM
Merited by theymos_away (2)
 #4

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
Jr. Member
*
Offline Offline

Activity: 126
Merit: 4

Community Manager at Bitsurf.eu


View Profile WWW
March 10, 2018, 05:17:22 AM
 #5

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)! Grin
HabBear
Hero Member
*****
Offline Offline

Activity: 1008
Merit: 617


View Profile
March 10, 2018, 06:35:11 AM
 #6

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.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!