Topic: How does an airdropped coin get's its value? - page 2. (Read 1289 times)
Anyone remember Auroracoin? That might teach you something about the "value" of airdrops
You could do whatever you want with them. But there should be active trading for a coin to exist. This is just my opinion.
I think it's dev team develops to make it valuable .
yes, ultimately there has to be a product or good news to give them value. In addition, people start talking about the coin so it gives some easy PR
Ask your selves too on how fiat currencies gain value? in factual history, cryptocurrencies gain value same way fiat currency gains value.
As soon somebody accepts *something* in exchange for goods or anything, you've created a market.
(something === feathers/beads/precious metals/paper/visa/crypto)
yes, ultimately there has to be a product or good news to give them value. In addition, people start talking about the coin so it gives some easy PR
I think it's dev team develops to make it valuable .
You could do whatever you want with them. But there should be active trading for a coin to exist. This is just my opinion.
Only a limited number of users will get part of the airdrop. Sometimes other users fear that they are missing out on possible profits and try to buy in. And so a market is born.
some airdrop coin have restriction for example you can not join the airdrop like in picoin, if you are not junior, so newbie will buy the coin, other airdrop pay very little so it's better to buy if they have stake, you can earn from stake more if you own a good balance
I am just curious, how an airdropped coin actually gets it's value. ICO's in contrast are packed by ETH or BTC, but an airdropped coin - out of the sky - doesn't have any value at first.
What if i.e. an airline would airdrop frequent flyer miles, then they would also have to pack it by something - in their case the promise to get a free flight. But since the airline didn't get / didn't sell anything in the first place (nor did they opt in for an ICO in that example) and actually handed out those miles for free via an air drop event, it would lose out when all people then would try to redeem their free airdropped miles.
So how would an airdrop then work in that case? How does it have to be structured that it's a win win situation for both parties involved.
Airdrop is just an another way on distributing supply of a certain coin which the things you are saying here doesnt really make any connections regarding on that backed system.This thing do happen specially on bounty programs and the value is the same when you get on joining ICO or even simply buying eth. You are still getting the same coin with the same value as simple as that. What if i.e. an airline would airdrop frequent flyer miles, then they would also have to pack it by something - in their case the promise to get a free flight. But since the airline didn't get / didn't sell anything in the first place (nor did they opt in for an ICO in that example) and actually handed out those miles for free via an air drop event, it would lose out when all people then would try to redeem their free airdropped miles.
So how would an airdrop then work in that case? How does it have to be structured that it's a win win situation for both parties involved.
I am just curious, how an airdropped coin actually gets it's value. ICO's in contrast are packed by ETH or BTC,
in case you mean "back" not pack then no you are wrong, the ICOs are not backed by anything. you just buy ETH tokens and in rare cases use your bitcoins to invest in them. that doesn't mean they are backing anything!Quote
but an airdropped coin - out of the sky - doesn't have any value at first.
anything that comes out at first doesn't have any value. then it gains value based on its supply and the demand for that supply.airdrop is just one of many methods of distributing that supply.
most coins use mining, some use airdrops, some use rewards in POS, and possibly other ways too.
I am just curious, how an airdropped coin actually gets it's value. ICO's in contrast are packed by ETH or BTC, but an airdropped coin - out of the sky - doesn't have any value at first.
What if i.e. an airline would airdrop frequent flyer miles, then they would also have to pack it by something - in their case the promise to get a free flight. But since the airline didn't get / didn't sell anything in the first place (nor did they opt in for an ICO in that example) and actually handed out those miles for free via an air drop event, it would lose out when all people then would try to redeem their free airdropped miles.
So how would an airdrop then work in that case? How does it have to be structured that it's a win win situation for both parties involved.
What if i.e. an airline would airdrop frequent flyer miles, then they would also have to pack it by something - in their case the promise to get a free flight. But since the airline didn't get / didn't sell anything in the first place (nor did they opt in for an ICO in that example) and actually handed out those miles for free via an air drop event, it would lose out when all people then would try to redeem their free airdropped miles.
So how would an airdrop then work in that case? How does it have to be structured that it's a win win situation for both parties involved.
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