Topic: The Two Types Of Cryptocurrency Airdrop - Automatic & Incentivized (Read 85 times)
It's good to be aware of these things before you need to know them. They can sound pretty silly if you're confronted with an ICO and don't know how airdrops work or all their variations. Sometimes you have split seconds to decide whether something is a scam or not lol.
April 16, 2018, 08:24:40 PM
One great way to get the word out about new ICOs is by giving away some free tokens. This is sometimes a new concept for some people.
When the forking (Bitcoin gold) happened, those who hold BTC were entitled to a corresponding value of tokens on the new network. This is normally called automatic airdrop.
Incentivized, on the other hand, engages people to perform some tasks (sometimes promoting the upcoming ICO) to get some tokens as reward.
However, there's been some kind of variation in the process. Some airdrops touch on different approach (more direct) offering giveaways on which people just have to claim like a faucet.
For instance, see this article: https://www.quora.com/What-new-ICOs-are-giving-away-free-tokens-right-now/answer/J-D-Evies
It shows how easy some cryptocurrency airdrops are becoming. Maybe, we'll be seeing other similar airdrops. And obviously, more people will be alert to collect them.
When the forking (Bitcoin gold) happened, those who hold BTC were entitled to a corresponding value of tokens on the new network. This is normally called automatic airdrop.
Incentivized, on the other hand, engages people to perform some tasks (sometimes promoting the upcoming ICO) to get some tokens as reward.
However, there's been some kind of variation in the process. Some airdrops touch on different approach (more direct) offering giveaways on which people just have to claim like a faucet.
For instance, see this article: https://www.quora.com/What-new-ICOs-are-giving-away-free-tokens-right-now/answer/J-D-Evies
It shows how easy some cryptocurrency airdrops are becoming. Maybe, we'll be seeing other similar airdrops. And obviously, more people will be alert to collect them.
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