airdrop, free tokens, bonus, just stay away .... this is going to drop a lot more as these airdrops increase supply. Another bogus coin
No it's not.
INS is not airdroping coins for free.
Some tokens from the tokensale (that were reserved for bonus, there were no unsold coins) are going to be airdropped for ICO investors in a 6 month period,
if you hold your coins in the same wallet for the whole month, if you move it for at least one day you are disqualified.
This is not increasing supply, or giving free money for anyone.
This is a good idea to prevent price dump, just that.
Unfortunetely I don't agree with you. This situation is unfair for investor perspective. Besides effecting price negative. Today I bought some INS. But according to airdrop rules i couldn' get airdrop coins because I'm not ico participant.
In this case why should i keep this coin? ICO investors are getting monthly payment and total supply is growing but i can't get anything. So why should i buy it and keep it? This airdrop means that just ICO investors should HOLD it. Rest of investors just should trade daily or shouldn't buy INS. How INS price will be grow with this rule?
the first when INS hit an exchanges, people buy INS with speculation.
when the first wave is over,ofcourse INS price is going down for price correction.
price will be grow when many people can use INS for something else exept selling on market exchange.
but without it, actually INS still have no intrinsic value. so it is make sense INS price continue to fall like this.
if you guys believe INS project, we should buy when INS price is getting lower
the problem is we all do not know the cheapest INS price that we can buy.
it is just like bitcoin prices bounch back from $6k to $10k++