So if I get this correct this is essentially free money. Like a form of spin off or dividend in a tradional stock sense. If so why aren't more people participating? What is the catch?
How many more distributuions will there be? Are they always the same amount? What does the distribution graph look like?
If you created an altcoin and wanted to get it distributed widely then it seems like a good idea to piggyback off of an already established coin.
This incentivises people to notice the coin amidst all the sea of altcoins floating around.
The only reason it has value is because people perceive it to have value and are happy to trade btc or whatever altcoin for it. (In fact this is the reason any cryptocurrency has value because some people believe it has,me included)
Now if people choose to dump it straight away for whatever crypto they believe in then so be it but there will always be some that will hold.
Seems like a pretty clever way of distributing the coin around to me.
