Topic: How does alt coins work? (Read 207 times)
They are just free coin given to those that reg for their airdrop either on their website or on doc form given out. You can get little $ trading them on ED.
Airdrop is done to ensure early distribution and to have as many people with "skin in the game" as possible.
How to premine a coin?
Almost all Altcoins came started with an Initial Coin Offering or ICO and that time they will offer airdrops, signature and social media bounty campaigns and pre sale for token or coin distribution and to Attract investors using their white papers. If you're lucky you can join their bounty campaigns or receive an airdrop for that limited time. So when coins are actually circulated then the only way to earn particular Altcoin is to invest or to mine.
Iv been seeing alot of airdrops so it makes me wonder how it works.
GOOGLE is your friend.
Altcoin works like Bitcoin also but Bitcoin was the first cryptocurrency that hits the market and Altcoins were just like copying Bitcoin's platform and patterns. There are no significant differences of Bitcoin and Altcoins except the value.
Over simplifying much??? Either that or you are actually clueless.
Altcoin works like Bitcoin also but Bitcoin was the first cryptocurrency that hits the market and Altcoins were just like copying Bitcoin's platform and patterns. There are no significant differences of Bitcoin and Altcoins except the value.
How to premine a coin?
Alt coins are created and the users who adopt them mine them. Airdrops are basically premined coins which are distributed to the community to peak interest.
Iv been seeing alot of airdrops so it makes me wonder how it works.
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