Cryptocurrency Airdrop Information

Cryptocurrency Airdrop Information

What is a crypto airdrop?

Currently the most commen crypto airdrops require a few simple social media task. These projects use an airdrop as a marketing campaign. Examples of this format are Shivom, TraXion and Sandblock. A Hardfork is a less common, but well known way to do an airdrop. At a certain block number a chain Hard fork's in to two separate chains. if both chains get miner and community support you now have 2 separate coins! The most famous examples of this are Bitcoin Cash & Ethereum Classic.

How do I get free crypto?

Every airdrop has a different set of rules. Currently new airdrops require retweets on Twitter, usually you need a minimum amount of followers. Make sure you have active social media accounts to be eligible for these free crypto tokens.
Most airdrops of today require to join their Telegram group so make sure to download the Telegram app.

Other possible requirements are:

  1. Reddit
  2. Facebook
  3. Medium
  4. Youtube
  5. Slack & Discord
  6. Linkedin

Check your wallets regularly to see if you received surprise airdrops. Platforms like Waves or Komodo have delivered airdrops for Waves or Komodo holders without any announcement.

Why do ICO's give away free tokens?

If you're not paying for the product, you are the product. With doing an airdrop the project creates awareness about their ICO or token. It brings people to the project that otherwise would not have owned or heard about it. It could lead to token price appreciation, since people value a token they own higher than a token they don't own. This is called the endowment effect.

Airdrops create a community/network of people who own the tokens. If you would list the token distribution after an ICO in a pie graph, a large part of the pie is still owned by the Dev's or project. Another large part is owned by people who joined a pre-sale. And a reasonable part is owned by people who invested in the ICO. An airdrop adds an extra slice to the pie and that slice will have the most people in it.

An airdrop also plants a seed. When you look at Coinmarketcap you will see a list of thousand coins. Just on page one you can see 100 coins listed. However if you have or had a coin that name is still in your brain. The seed is planted and whenever you check Coinmarketcap and scroll down, the name of the free e-Coin will jump out and people will check how it is doing. If they see an article that the free e-Token is doing well or bad, they are more likely to click it if they own it or previously have owned it. It's just like advertising!

Where do I sell my airdrops?

So now you have free crypto, what do you do? Many coins that do airdrops are PRE-ICO or just finished their ICO. This often means it is not traded yet on the bigger exchanges. You can check out our exchange page to see where you can best sell your crypto airdrops. We suggest you make an account at all exchanges we listed so you can easily sell and receive your crypto airdrops.

We hope you receive as many airdrops as possible and that they increase in value over time. Many projects that are now top 40 coins have done airdrops in their early stages, like NEM, DECRED & Ripple. You don't need to immediately sell your free crypto, there is nothing wrong with being a HODLer.

What are the exclusive airdrops?

Exclusive airdrops are only for AirdropAlert.com subscribers. We host special airdrops in collaboration with ICO’s. We are responsible for the registration, distribution and promotion of these airdrops. We have hosted Exclusive airdrops for over 20 ICO's and will bring you more in the near future. Are you an ICO that wants to do an Exclusive airdrop with us?

How do I keep my cryptocurrency safe?

The safest way to store your airdrops are hardware & cold storage wallets. These wallets store your coins offline, and therefore protect them from being hacked. There are a number of hardware wallets available. Not all cryptocurrency can be stored in hardware wallets. We advise you to store your crypto in wallets where you control your private keys. You don't want your free crypto to be stolen!

To avoid scams we have a few general rules:

  1. Never give your private keys!
  2. Use 2 Factor Authentication on your wallets
  3. Be careful downloading wallets of smaller project, possibly use a Virtual machine.
  4. Never click on links redirecting to wallets
  5. Don’t use your main email address to apply for airdrops
  6. Don’t re-use your passwords when you register on a website
  7. Don’t send small amounts of crypto to receive your airdrop

Earn a bounty by alerting us of scams

We strive to keep our website free of scam projects. Our team provides research behind each coin we list. However it is still possible we miss a scam project. Recently some projects changed their google form asking for private keys after we list them on our website. We award people with $5 worth in Ethereum if you email us about a scam on our website under upcoming or active airdrops. Help us to keep the site clean and prevent other people to be a victim of a scam.

What does the star rating and estimated value of the airdrops mean?

We rate the airdrops based on the ICO/token, website, social media, Bitcointalk thread and our experience dealing with over a thousand new airdrops.

***** The star rating:
 **** Excellent, a must join
  *** Good airdrop, estimated value medium-high 
   ** Legitimate airdrop, estimated value low
    *Join at your own risk

If an airdrop is not listed on our website it did not pass the approval of our analyst. This means that the risk of a scam is too high to promote through our platform. Airdrops that are not listed on our website are not eligible for our scam boun.

List your airdrop!

Do you want to list your airdrop on AirdropAlert.com? Please note that listing on AirdropAlert is free. Because we have a very long queue of pending Airdrops to be listed on AirdropAlert it might take several days for your Airdrop to be published. If you want your Airdrop to be reviewed before others, apply for Priority application.

Article Produced By
Airdrop Alert

https://airdropalert.com/

U.S. Judge Rules That ICOs are Covered by Securities Laws

U.S. Judge Rules That ICOs are Covered by Securities Laws


A U.S. District Judge in Brooklyn has delivered a landmark judgement
 
with far-reaching implications for the initial coin offering (ICO) market. Judge Raymond Dearie of the U.S. District Court Eastern District of New York today ruled that U.S. securities laws cover ICO token sales.The ruling came in a case against a fraudulent ICO promoter Maksim Zaslavskiy, whom prosecutors are looking to bring up on fraud charges for defrauding investors of more than $300,000 from a scam ICO called REcoin.

REcoin ICO Scam

In Sept. 2017, CCN reported that the SEC charged Zaslavskiy and two of his companies with defrauding investors through a number of ICO scams including REcoin. REcoin was marketed to investors as being backed by real estate and diamond assets which in actual fact did not exist. In a pioneering ruling, Judge Dearie refused to dismiss the case against Zaslavskiy, whose lawyers earlier pled for dismissal on the basis that the ICOs in question were currencies and not securities, placing them outside the jurisdiction of the SEC Act.

An excerpt from today’s hearing file reads:

“He [Zaslavskiy] argues that the securities laws are  unconstitutionality vague as applied. The Government, meanwhile, asserts that the investments made in REcoin and Diamond were “investment contracts,” and thus “securities,” […] and that these laws are not unconstitutionally vague.”

Judge Dearie’s ruling on this matter was that an ICO is indeed a security for the purposes of federal criminal law, which is what prosecutors have argued since last year.

Implications of Dearie’s Ruling

The SEC claims the REcoin ICO scammed investors out of $300,000. Dearie has become the first judge to deliver a ruling that places ICOs firmly within the jurisdiction of securities regulators, and this could potentially have important implications for the ICO market by creating a precedent for future cases. While the CFTC has had some successes tackling fraudulent crypto offerings within its space, the SEC — which has long said that it has jurisdiction over most ICOs — had not yet established this authority in court.

An excerpt from Judge Dearie’s ruling reads:

“Zaslavskiy’s contrary characterizations are plainly insufficient to by pass regulatory and criminal enforcement of the securities laws. Because the indictment is sufficient under the Constitution and the Federal Rules of Criminal Procedure, and because the law under which Zaslavskiy is charged is not unconstitutionally vague as applied, Zaslavskiy’s motion is denied. The case will proceed to trial.”

While the ruling comes as a boost for prosecutors, the it is by no means a final word on the matter. In his comments, Judge Dearie noted that the ultimate decision rests with a jury and that Zaslavskiy’s lawyers can in fact still present the argument contesting the jurisdiction of securities laws to the jury.

Article Produced By
ICO News

https://www.ccn.com/u-s-judge-rules-that-icos-are-covered-by-securities-laws/

How To Earn Free Cryptocurrency With Airdrops

How To Earn Free Cryptocurrency With Airdrops

How To Earn Free Cryptocurrency With Airdrops

In life, we’ve been told that there is no such thing as a free lunch and you’ll always have to sing for your supper and for the most part its true. Even in the world of cryptocurrency, where coins receive crazy valuations overnight with swings of 30 – 50% can make you crazy money in the space of a week, there is still no way to score big without taking on some risk or putting in some hard graft. So now that we’ve established that you won’t get a free lunch, you are however entitled to getting a little snack for just about no effort through the magic of cryptocurrency Airdrops.

What are Airdrops?

A crypto airdrop is when a blockchain project decides to distribute free tokens or coins to the crypto community in order to gain interest as well as encourage usage and trading. It’s a great way to get initial marketing going and use word of mouth and the community to generate interest on your behalf. Airdrops are a way of creating micro-ambassadors for cryptocurrency projects and also drive investor interest. Since the user already owns the coin, monitors its progress and growth, they are more likely to invest money in it in future.

What popular coins that have had Airdrops?

A word of warning, not every cryptocurrency project that Airdrops will even get off the ground and you may be sitting on a few useless coins. There have been many failed projects in the past, but singing up costs you nothing. On a positive note, every Airdrop could be a potential gold mine and you may have just bagged some free coins that are going to the moon.

Popular coins that have used Airdrops to get community interest are:

  • Bitcoin Cash
  • Ethereum Classic
  • Stellar Lumens
  • OmiseGo
  • Qtum
  • Tron
  • CanYa

Now wouldn’t you have loved to have gotten a couple of those coins for free? I know I would.

How do I participate in an Airdrop?

Every airdrop has a different set of rules but for the most part, a simple sign up with an email address and a wallet ID should be all you need to claim your coins.

Direct application

If you’re serious about Airdrops I would suggest you make a Bitcointalk forum account to be able to apply for the airdrops that require contacting a team member (usually PM). Ethereum Dark airdrop is a good example of this format. Every person that wanted to apply for this ETHd airdrop had to PM the developer with his ETHd address to get the tokens. “Newbies” on the forum are often rejected for new airdrops, so we suggest you post once in a while to get a higher rank.

Hodlers

In certain cases, the only way to access a crypto Airdrop is to own a certain amount of coins of a certain blockchain in order to qualify. An example of this is the ONT airdrop that will be happening this month, only owners of NEO tokens can qualify but they have to also add these tokens to the native NEO wallet and cannot be held on an exchange.

Social media shoutouts

Other crypto airdrops require social media posts or you need to contact a member of the team on the Bitcointalk forum. These projects use an airdrop as a marketing campaign. Some new airdrops require retweets on Twitter, posts on Facebook or LinkedIn. Make sure you have active social media accounts to be eligible for these free crypto tokens.

Referrals

Certain Airdrops are looking to scale and often offer those who have signed up a chance to earn more coins by referring friends to sign up for the Airdrop. Having you do their marketing for them in exchange for a little extra crypto.

How do Airdrops work?

The format of these crypto giveaways is usually like this: At a pre-announced time the project behind the event will take a ”snapshot” of the blockchain, and anyone holding Ether or Bitcoin at that point will receive a certain number of free tokens. This can also be done on other blockchains, but Ethereum and Bitcoin are the most used for this airdrop format. The majority of Airdrop tokens are built on or use the ER20 token on the Ethereum blockchain a placeholder value. In order to hodl these placeholder or pre-ICO tokens, you will need to set up a wallet that can handle these requests.

The two options I’ve found to work best are MyEtherWallet & Metamask. Simply install these on your chrome or firefox browser as an extension or visit their website to create an ER20 token compatible wallet and use this ID to receive your free Airdrop coins. Once the Airdrop is over and the coin moves into ICO phase, check your wallet to make sure you’ve received your coins. Also, follow the community on Telegram or other social media platforms to stay informed about the Airdrop and progression of the project

Where can I find Airdrops?

If you want to get started with Airdrops a good place to start is signing up with Earn.com as well as Aidropalert.com. These sites will email you as soon as an Airdrop begins and provide you with all the details you need to claim your free cryptocurrency. Protip! To stay up to date with the latest airdrops check out the following post – How To Stay Updated With The Latest Cryptocurrency Airdrops So there you have it, how to earn some free crypto with Airdrops. So up up and away you go and hope you hodl to the moon!

Article Produced By
Che Kohler
of NicheMarket

https://www.nichemarket.co.za/blog/earn-free-cryptocurrency-airdrops/

ICOs are holding over $730M in treasuries, and doing nothing with it

ICOs are holding over $730M in treasuries, and doing nothing with it

What is going to happen to all that cash?

 

If you thought that all those initial coin offerings (ICOs) that raised millions of dollars in cryptocurrency are busy spending that money on development in pursuit of delivering on their promises, you’d be wrong.Cryptocurrency insights firm Diar has revealed that companies which undertook an ICO before the last quarter of 2017 are sitting on huge cash reserves that could potentially fuel the startup for the next few years.

The total amount of Ethereum held in treasury by blockchain startups currently amounts to 3,744,651 ETH (or roughly $733,614,577 as of September 9). For context, this accounts for 3.7 percent of the total Ethereum supply. Over the last five months these ICOs have only liquidated 20 percent (907,024 ETH) of all total funds raised. Prior to the liquidation, the total amount of funds held in treasury was 4,651,675 ETH (or roughly $1,758,333,150 at this time).

Interestingly, the study also found that at least 12 blockchain-based businesses have a market capitalization that is smaller than the amount of Ethereum they currently hold in treasury. These are the 12 that actually are liquidating their reserves. On average, these companies have liquidated 62 percent of all Ethereum raised through an ICO.

One thing to point out here

is that the US dollar value of ETH has fluctuated dramatically since most of these companies’ fundraising efforts. Indeed, Ethereum has dropped from $378 on April 1 to $195 on September 9. With all this latent cash laying around, it is entirely likely that it could be used to support these companies and extend marketing efforts over the coming years.

There’s nothing wrong with that per se, but the issue is that this could potential obscure the poor performance of these companies in terms of adoption and product delivery. After all, these companies are under no legal obligation to deliver on their promises or pay back investors in the case of insolvency.

Article Produced By

Matthew Beedham

https://thenextweb.com/hardfork/2018/09/11/icos-mountains-treasury-diar/

3 Best Places to Find Airdrops

3 Best Places to Find Airdrops

It is common to come across numerous cryptocurrency airdrops

within the industry. Many new and upcoming coins and tokens choose to perform airdrops as a way to increase hype and attention for their products. It can also be an impressive way to kickstart (or bootstrap) a new ecosystem. The only problem is that not everybody knows where to look when trying to find airdrops. It is often the case that people hear about them only after they have concluded. When it comes to airdrops, it is ideal to be there at the start, as higher quantities of tokens are often given out early. Here is a list of the three best places to find airdrops from:

RightBTC

The cryptocurrency exchange, RightBTC, is by far one of the greatest places for finding airdrops. Not only does the exchange regularly run them, but they are also selective as to which tokens they choose to work with. RightBTC only conduct airdrops with companies that they trust. This means that you will only get airdrops for high-quality tokens. The exchange has run airdrops for both CEEK and EBOOST in the past, and with the announcement of their very own token (the Right Token), they revealed that they have more airdrops planned in the future. Keeping RightBTC on your radar is a guaranteed way to find out about new and upcoming airdrops.

AirdropAlert

AirdropAlert is a website which lists numerous airdrops within the community. It is regularly updated, and new airdrops are constantly announced. It also tells you how long the airdrop has been running for. AirdropAlert also runs a second site called BountiesAlert, where they showcase the various cryptocurrency bounties which are currently happening.  The one problem with both AirdropAlert and BountiesAlert is that they both will list any coin or token, regardless of whether it is a scam or not. They do not seem to perform any sort of checks to make sure that the airdrops they list are actually worthwhile. This means that each user must search for themselves first.

BitcoinAirdrops

The BitcoinAirdrops subreddit is dedicated to finding and discussing airdrops which exclusively pertain to Bitcoin. Since the Bitcoin Cash fork, numerous developers have been forking Bitcoin and creating their own coins. Sometimes when this happens, it is possible to freely claim a separate amount of coins on the new fork, so long as you have bitcoins first. The most famous time this happened was with Bitcoin Cash. Users who owned bitcoins before the fork could also claim an equal quantity of Bitcoin Cash. As developers are still out there forking Bitcoin, it is still possible to claim new coins.

Article Produced By

Aubrey Hansen

I am an enthusiastic freelance journalist interested in crypto world. I studied journalism and I am passionate about writing. More time passes, more I get confident about ..

 

https://captainaltcoin.com/3-best-places-to-find-airdrops/

The future of ICOs

The future of ICOs

Looking at the ICO space now,

it’s clear that there’s a lot of problems but potentially a lot of promise. A comparison that is often used is that the current state of the ICO market and cryptocurrencies as a whole is akin to internet companies in the dotcom boom and crash in 2000 — a lot of noise, many companies will fail, but there could be major firms that survive and become big.

If ICOs do survive, it could pose a challenge to traditional funding methods such as initial public offerings, venture capital or corporate debt.“Philosophically, the value of an asset should be greater when there is more utility, which is a strong incentive for issuers to tokenize real-world assets.”

But beyond that, the whole idea of “tokenizing” a product via an ICO could also lend itself to traditional assets such as stocks, bonds or even currencies like the U.S. dollar. Robert Leshner is the CEO of Compound, a start-up that lets users earn money on their cryptocurrencies. He believes that real-world assets will eventually be tokenized which could boost security, the ability to move them globally, and create new business models.

“Real world assets, from government currencies like the U.S. dollar, to corporate bonds, to equity, can all be upgraded with these properties. Philosophically, the value of an asset should be greater when there is more utility, which is a strong incentive for issuers to tokenize real-world assets,” Leshner told CNBC.

He proposes two ways to do this. The first involves freezing an asset in the traditional financial system and creating an equal amount of tokens on a blockchain, with the ability to unwind the process if needed. A central bank, financial institution, or custodian is trusted with the administration, similar to how exchange-traded funds are created and destroyed. The second option is creating tokens that mimic the value of an asset.

“Tokenized assets will behave like safer, speedier, more useful versions of themselves, which investors will prefer. Once we head in that direction, there will be no going back,” Leshner said. There are however a number of stumbling blocks to such a movement, the main one being regulation. Authorities across the world have barely begun looking at cryptocurrencies and ICOs, let alone the tokenization of traditional assets. But advocates believe it is just a matter of time, likening the development of blockchain and tokenization to the way content was changed by the internet. “Tokenization is to ownership as digitization was to content,” Muirhead told CNBC.

Article Produced By
Arjun Kharpal

Arjun Kharpal is a technology correspondent for CNBC in London. He moved into the role after being a news assistant at the company for two years, and a reporter for a year following that. Arjun's heads up CNBC's "Tech Transformers" special report, interviewing guests or offering analysis on "Squawk Box Europe" and "Street Signs", as well as writing a plethora of stories online. He writes extensively on the technology industry covering the latest trends and topics all the way from the most innovative start-ups up to the biggest companies in the world including Apple and Google.

Arjun talks to the most important industry players including company chief executives, investors, and entrepreneurs. Arjun has previously written for The Times, The Telegraph, The Guardian and The Mirror in London. He holds a BA in English Literature from the University of York and an MA in Newspaper Journalism from City University, London.

https://www.cnbc.com/2018/07/13/initial-coin-offering-ico-what-are-they-how-do-they-work.html

Dogecoin Price Holds Strong Through the Crypto Market Crash

 Dogecoin Price Holds Strong Through the Crypto Market Crash

Ether-Doge Bridge, Amazon Petition, and Community Support hold DOGE afloat

The current cryptocurrency market sentiment looks anything but promising. Bitcoin’s price decline is dragging all other currencies and assets with it, which is only to be expected. Surprisingly, Dogecoin’s price is far more stable than any other offering amid this bearish pressure. The meme coin is slowly maturing in major ways, by the look of things.

Dogecoin Price Remains Relatively Stable

These past two weeks have been rather interesting for all cryptocurrencies. Despite some extended positive momentum, pretty much all recent gains have been wiped out once again. One exception in this regard is the Dogecoin price, as it has lost far less value compared to all other competitors on the market. A surprising show of stability, especially for a currency most people still consider to be a meme first and foremost.

With a modest decline of 4.51% over the past 24 hours, the Dogecoin price is successfully bucking the onslaught across the cryptocurrency markets. This is partially because DOGE has gained a lot of value over Bitcoin in the past few hours, even though the 9.3% increase isn’t sufficient to negate all USD losses either. Even so, it shows this crypto remains very popular despite the current market conditions. There are a few good reasons as to why Dogecoin is the center of attention right now. Developers are working on a bridge between Dogecoin and ERC20 tokens. That solution will attempt to exchange DOGE and ERC20 tokens in a decentralized manner without involving any intermediaries. The testing of this new “bridge” is going according to plan, as can be seen from the video below.

Second, there is the petition for Amazon to add Dogecoin. While the chances of the petition actually working are low – Amazon doesn’t care too much about cryptocurrencies without the lack of industry regulation – the PR stunt is bringing DOGE to the spotlight and providing its price with support. More specifically, it appears over 11,000 signatures have been collected so far, which is rather impressive. The result of reaching the full 15,000 signatures may not matter much in the end, but it does show that a lot of people care about the currency, which is rather heartwarming.

Last but not least, Dogecoin has a lot of active network addresses, especially when compared to the rest of the industry. In fact, Dogecoin ranked third in overall active network addresses over the past 24 hours, trailing both Bitcoin and Ethereum. The meme coin successfully beats Litecoin, Bitcoin Cash, NEO, and EOS, to name just a few.

All of these positive trends show Dogecoin is far from dead. While it is not the most “appealing” cryptocurrency for speculators, it has one of the bigger communities one can find in all of crypto. The enthusiasm surrounding DOGE cannot be underestimated, and the current Dogecoin price trend seems to confirm the project is in a relatively good place as of right now.Do you think DOGE’s price will remain steady? Is DOGE going to the moon after this bearish wave is over? Let us know in the comment section below.

Article Produced By
JP Buntinx

http://jpbuntinx.com

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers.

https://nulltx.com/dogecoin-price-holds-strong-through-the-crypto-market-crash/

 

What You Need to Know About Cryptocurrency Airdrops

 What You Need to Know About Cryptocurrency Airdrops

What is a Cryptocurrency Airdrop?

In the crypto world, an airdrop is a free, often automatic distribution of cryptocurrency to a certain group of people. In this article I’ll quickly cover why airdrops happen, how you can get in on the action and receive free crypto via airdrops, and some side effects airdrops have on the crypto marketplace.

Why Give Away Cryptocurrency?

You may wonder why anyone would give cryptocurrency away for free, and that’s a good question. Here are three reasons why airdrops are a thing:

1. Airdrops act as a reward for prior participation or early adoption in a related project.

Airdrops are often distributed through an associated network or channel. A few examples:

    • Every user of the Binance cryptocurrency exchange received 500 Tron when the Tron airdrop occurred. Binance was one of the first major exchanges to list Tron.
    • OMG tokens were airdropped to every Ethereum address that had a balance over .1 ETH. The OMG token is currently an asset on the Ethereum platform.
    • All EOS holders with a balance of more than 100 EOS will receive an equal number of eosDAC tokens. eosDAC tokens will be used on of the EOS platform.

2. Airdrops spread awareness about new projects and create marketing buzz.

Airdrops can put new tokens in the hands of millions of potential users. Many of those users will read about the token, learning its use and gaining brand exposure, even if users only go on to sell the coin. This also leads to an entire community of crypto enthusiasts who try to get as much “free money” as possible by watching for and participating in airdrops.

3. Airdrops sidestep government regulation in fundraising.

In countries like the US, there is much debate about whether digital tokens are securities or not. If cryptocurrencies are treated as securities, then companies issuing crypto must follow a long list of regulations in order to raise funds by issuing digital tokens; however, distributing the tokens for free limits regulatory risk for organizations creating the tokens. This doesn’t mean token issuers won’t raise any money. Issuers who use the airdrop method will often keep 10-20% of all created tokens, which they can sell at an exchange to pay for operating costs or salaries.

How Can I Receive Free Crypto from an Airdrop?

There are a few main ways in which you can benefit from a cryptocurrency airdrop.

Own a partnered/related cryptoasset.
Many airdrops automatically send you the airdropped currency as long as you hold a certain amount of tokens at a specific time, called the snapshot.

For example,
OMG tokens were airdropped if you had at least 0.1 ETH in your account at 4:36pm on July 7th, 2017. In this case, the snapshot would be a record of all ETH account balances at that exact time. If you had enough ETH at the snapshot time, you would receive the airdropped OMG tokens, even if you sold all of your ETH the next minute.

Use a partnered service
such as a cryptocurrency exchange that will list the new token.

Register for the airdrop.
Some airdrops simply require registration of your public address, and some coins have even been airdropped as a reward for early email list subscribers.

 

Scammers have created fake airdrop registration sites. Be aware, and as always, never send anyone your private keys.Not all airdrops are the same, so make sure to read the rules and requirements for each individual airdrop. One common best practice is to have airdropped tokens sent to an account you control, not an account you have through an exchange; many exchanges may not initially support the airdropped token, meaning you wouldn’t have access to the new token until the exchange supports it.

How Can I Find Out About Airdrops?

You can find out about major upcoming events regarding crypto, including airdrops, at coinmarketcal.com, a useful cryptocurrency calendar that offers a number of search options. Or, for more airdrop-specific info, use airdropalert.com, which lists upcoming, active, and past airdrops and currency forks.

The Unintended Consequences of Airdrops

Speculation

Whenever “free” crypto is created, either by airdrop or fork, the market takes interest. Many traders will buy up the related asset needed for the airdrop, hoping to profit from the airdropped coin, and prices tend to rise as the snapshot date comes closer. Then, after the snapshot has been taken, many of those same traders will immediately sell the related asset (because they know they will receive the airdropped coin), crashing the related asset’s price. A picture-perfect example of this can be seen when ZClassic forked and all ZClassic holders received Bitcoin Private. Notice the price rise before the snapshot date, pause in trading during the snapshot, and subsequent sell-off of ZClassic. This in turn has caused speculation into buying the related asset early and then hoping to sell it for a profit just before the snapshot is taken.

Scams

A number of scams have arisen regarding airdrops, and one of the most common scams has been the creation of fake websites where you can “register” for the airdrop by sending in your private keys. Never, ever, ever give your private keys out, especially over the internet.

Conclusion

Airdrops are a great way to get some extra crypto and diversify your investments, but be careful about chasing after assets solely because you expect them to give you an airdropped coin; there is no guarantee on the value of either coin after the airdrop happens. Instead, you may want to consider investing a portion of your cryptocurrency portfolio into cryptos that are more likely to experience airdrops, such as platforms like Ethereum, Neo, EOS, etc.

Article Produced By
Block Adopter

https://blockadopter.com/cryptocurrency-airdrops/

The baroness, the ICO fiasco, and enter Steve Wozniak

The baroness, the ICO fiasco, and enter Steve Wozniak

Baroness Michelle Mone

Baroness Michelle Mone

Earlier this year, we brought you news that Scottish lingerie entrepreneur-turned Conservative peer Michelle Mone and her businessman boyfriend Doug Barrowman were launching an initial coin offering (ICO). The plan was to raise money for a token-based crowdfunding venture, EQUI Capital. But the project has ended in a fiasco that exposes the total absence of oversight in the ICO market, and in particular the lack of protection for those at the bottom of the crypto, er, FUDchain: “bounty-hunters” — essentially online marketers who promote ICOs on social media and across the internet, supposedly in return for digital tokens.

EQUI told us in February they hoped to raise up to $80m. Even if they raised less than that, the token offering would be “going live” no matter what, Barrowman said. Lady Mone of Mayfair, OBE, calling herself “one of the biggest experts in Cryptocurrency and Blockchain”, told Business Insider that she and Barrowman were staking their “incredible reputations” on the ICO and that there was “no way [they were] going to do anything untowards (sic) to let these people down”.

The reassurance might have been welcome, because initial coin offerings are effectively an unregulated way for companies to raise money from the public, bypassing securities laws designed to protect investors through the use of so-called cryptocurrencies. Regulators may yet step in, with those in the US indicating the rules still apply to what are securities in all but name. For now the ICO boom has prompted a flourishing in the number of businesses offering tokens, with more than $6.8bn raised so far this year alone, according to icodata.io, which tracks the market.

The EQUI ICO didn't go quite to plan, however. It isn't going live, and lots of people seem to be feeling pretty let down. (But as you will see, dear reader, we wouldn't want to say it failed, because EQUI are watching, and they're going to tell our editor, and we might get sued.) After launching a two-week pre-sale a on March 1, with a minimum required investment of $100,000, EQUI put out a press release on March 6 boasting that it had raised a nice, round $7m “in only a few days”.

Barrowman said in a statement at the time:

Trading has been frenetic, with investments ranging from the minimum hundred thousand dollar threshold up to a solid couple of million per investment.

Then, having still only apparently raised $7m on March 30, EQUI announced the “good news” that it would be extending the public ICO — minimum investment $100 — until June 30 (having originally planned to close it on April 12). By the end of June, the total amount raised still seems to have been stuck at $7m. At that point, EQUI decided to abandon the ICO idea altogether and to relaunch, on September 18, as “EQUI Global”. It is still promising to be the “ULTIMATE DISRUPTOR TO TRADITIONAL VENTURE CAPITAL INVESTING”, the logo looks the same, and the founders are pretty much the same — Mone, Barrowman plus one other “soon to be announced” (more on that below). But there is no initial coin offering.

The ICO World Of Business is a very strange place of doing business

EQUI explained, via email:

Our Founders are conventional business people with a track record of over 300 years in business between them. They have all found the ICO World Of Business a very strange place of doing business with some very alarming things going on. Therefore we will not be doing an ICO going forward and instead we will be focusing on our Token Blockchain technology.

We asked how it was possible for the founders to have a track record of “over 300 years in business” given that there were only two of them. That must have been a typo, we were told — actually that figure also includes the advisory board, of whom there are four members (apparently very sprightly-looking 90-year-olds):

Here's the breakdown of the $7m EQUI says it raised (emphasis ours):

Our short ICO raised a total of 843.33 ETH. In addition, a consortium of private investors who are known and work directly with members of the EQUI management team pledged $6 million USD. This was the $7 million that was earlier reported. A consortium of private investors who are known and work directly with members of the EQUI management team pledged $6 million USD.

It's unclear just how close the “consortium” of investors is to the EQUI management team. But the statement appears somewhat inconsistent with the earlier one about “investments ranging from the minimum hundred thousand dollar threshold up to a solid couple of million per investment”. On top of the $6m, EQUI's “short” four-month-long ICO raised ether, a popular cryptocurrency, worth about $250,000 at current rates. (At the ether rates back in March, when this $7m was first announced, the ether was worth about $700,000.)

When we suggested that according to their numbers, no money at all had been raised between the “frenetic trading” of early March and June 30, we were told that the pre-sale had in fact raised “between $6.5m and $7m”, and that the 843.33 ether had been raised in the public sale. Thus the $7m originally announced grew to… $7m. Rounding, huh. Barrowman told FT Alphaville when we spoke to him earlier this year that he had spent a “seven-figure” sum on the project since beginning in summer 2017, though it's wasn't exactly clear what that money referred to. Either way, the paltry $7m EQUI had raised — less than 10 per cent of its target —

then started to ebb further. Here's EQUI:

At the time of stopping our ICO, we at EQUI did something that very few ICOs or projects do when they change the project fundamentals. We offered full refunds to those that wanted to rethink their investment into the project. While fewer than 40 investors took us up on this offer, the consortium, brought in privately has pulled back their $6 million investment as they are waiting to reassess the project and changes that are actively being made. This is to ensure compliance with regulatory guidelines of the fundamentals of EQUItoken and its potential classification by the regulatory boards governing the EQUI project as a security.

A total of 57.8 ETH was returned to investors who requested a refund. This means that a total of 785.53 ETH was raised via the ICO. 

Some were refunded without their consent. When we asked about this, someone who wanted to be described only as an “insider” told us that first of all investors were told they would be refunded. But, as not all of them had wanted a refund, the “sophisticated investors” were allowed to stay on, while the others were refunded, the insider said. It is these sophisticated investors who will now be allowed to participate in the new EQUI venture which, as we've seen, focuses on “Token Blockchain Technology”, but is strictly not an ICO according to the company.

The reason for the change in tack after the wildly successful and not in any way failed ICO, our insider told us, is that — as has been reported in the crypto-press — an Apple co-founder called Steve Wozniak is to join the company, and will become EQUI's third co-founder. He didn't want to be part of an ICO, and “he’s come up with a different way of doing it”, we were told. Woz told CNBC in June that he wanted bitcoin to become the single global currency because “that is so pure thinking” (the whole video is worth a watch).

The most miserable cryptojob of them all

A dispute has broken out — reported first by Scottish politics site Wings over Scotland — over how much the “bounty-hunters” we mentioned before should be paid, given that the ICO no longer appears to be going ahead. It highlights another aspect of the ICO world. Unlike, say, the highly legalistic prospectuses produced for securities offerings in the traditional financial system, the legal status of the promotional documents associated with coin and token offerings remains untested.

In EQUI's original “White Paper” it was written, under “token distribution”, that “2 per cent will be available for Bounty Rewards”, with a pie chart to illustrate that as a proportion of the total supply: Given that the price of one of these tokens was $0.50 and there were to be 250m tokens, bounty-hunters say they were expecting to share a pool of $2.5m, and indeed this is what was said in EQUI's

Bitcointalk group for bounty-hunters:

A total of 2% ($2.5M) of the total token supply will be assigned to the Bounty Pool.

EQUI say they were not responsible for the post but we understand that it was reviewed by them before it was posted by the company managing the bounty programme, as is standard practice. In a later Bitcointalk post, we find similar wording: “A total of 2 per cent (5,000,000 EQUI) of the total token supply will be assigned to the Bounty Pool.” But EQUI seem to be a bit confused about what that 2 per cent meant.

They told us, via email:

The Bounty community only raised $2,000 between them all and should only be getting paid out $40.00 but as a gesture of goodwill we have decided to pay them out on the full amount raised after eu finds [sic — we think they mean refunds] which is over $10,000.

As such, 2% of this amount was originally promised to the bounty pool, this is our legal contract with the Bounty agency. This constitutes a bounty pool of 15.71 ETH. We at EQUI are 100% transparent and will offer complete records and TXID’s to verify this. As it was EQUI’s decision to stop our ICO to show appreciation for Bounty hunters hard work and dedication to the project we will be increasing the reward for the bounty payout from 2% to 5%.

So in the first paragraph, they tell us that the bounty-hunters raised just $2,000 between them, and that they should therefore only be given $40 to divide between themselves (2 per cent of $2,000). That seems strange; bounty-hunters are not meant to be “raising” money per se. Rather, they are effectively online street teams — typically from low-income regions of the world — who are paid a certain amount of tokens for each task they perform, such as sharing promotional tweets and posts on social media, adding their logo to their online “signatures”, creating videos and writing puff pieces for the ICO they are toiling on behalf of.

But EQUI says all the money it raised except for $2,000 — again a nice round number, which is apparently an “estimate” — came from its own contacts, and that therefore the bounty-hunters should really only get a share of this tiny amount. Confusingly though, in the second paragraph above, EQUI seems to be saying it had a “legal contract” in which they promise that 2 per cent of the total raised after refunds — so the 785.33 ether — should go to the bounty-hunting pool. That would be 15.71 ether, currently worth just over $4,000. But as a “gesture of good will”, they've decided to increase that to just under 40 ether, or about $11,000.

Because of lax KYC checks in such schemes and therefore the possibility that people register more than once, it is difficult to know how many real people were involved in this bounty-hunting effort. EQUI say between 1,000 and 1,500 while AmaZix — the company that was originally managing the bounty programme but who stopped working with Equi back in May, citing “irreconcilable differences” — said there were 7,600 unique usernames in the bounty. Either way, $11,000 doesn't seem like a very big pool to share among them.

“Police can track you down”

We spoke to several of EQUI's bounty-hunters and were shown Telegram messages. When they complained about the amount there were getting paid or the way they were being treated, EQUI threatened them with lawyers if they “bad-mouthed” the company. One Telegram message sent to a group of bounty hunters said “police can track you down if you threaten & track and bad mouth our brand name”; another sent the same day said “you are all so stupid”. EQUI declined to comment on the messages. That a peer of the realm's business appears to have threatened criminal consequences for people encouraged to take part in its unregulated investment scheme is, if nothing else, a bad look.

One bounty-hunter, Maksim Koselev, a 29-year-old Russian warehouse worker, told us he had spent about 10 to 15 minutes per day, seven days a week, promoting EQUI online for the months during which the ICO was running, which included writing two promotional articles about the company in Russian. He's worked as a bounty-hunter for more than 100 ICOs, he said, and apart from the exit scams — where those raising money disappear with the funds they have raised — this is the worst experience he's ever had. He, and others, said bounty-hunters should have been paid 2 per cent of the $7m Equi raised, particularly given that EQUI is still planning to raise money from investors.

He told us:

We’ve been thrown out of the window with this… This is not the way you talk, even to bounty-hunters. They treat people like nothing.

Our experience of interacting with EQUI has also been a bit… strange. When we contacted the company via its website we were replied to by Baroness Mone's press officer, who offered us a “deal on an exclusive”. When we asked some questions about the bounty-hunters' complaints, we were told that “anything that is written that is defamatory to EQUI or our founders we will take severe action”. Not only did Equi copy in their lawyers, but all this came with a “UK parliament disclaimer” at the bottom, a nice reminder this was a member of the upper house of the British parliament we were dealing with.

EQUI's solicitor Paul Tweed — a celebrity media lawyer so renowned that the New York Times dedicated a whole story to him earlier this year, who has represented everyone from Sylvester Stallone to, er, Britney Spears — was copied in conspicuously to emails, as was Egg Media, a PR company “specialising in crisis management, corporate brand and individual reputation”. These are well-connected people who seem to know what they're doing and don't appear to be struggling for cash.

“We are watching your every move”

In an email on Monday, we were told:

All Bounty people have now been paid from their agreed contract from 2% to 5% as a gesture of goodwill.

To check the bounty participants had received the cash, we sent a message to the Telegram support group asking if members had received anything. We were told no one had yet been paid, as it turned out. EQUI later said it had paid the money to a third party, who will distribute this to bounty-hunters shortly. But straight after we'd sent the message to the group, things got creepier. EQUI Support got in touch on Telegram with the following:

We at Alphaville have a history of frustration over the baroness's media team's antics, but telling us that our every move was being watched kind of felt like another level. We look forward to learning how EQUI Global can be relaunched in a way which isn’t an ICO, given its business model was built around the tokens it hoped to sell. It seems that yet another Conservative parliamentarian has learned that dipping one's (cryp)toes into the murky waters of ICOs can be a rough experience.

Article Produced By
Jemima Kelly

Jemima Kelly joined FT Alphaville in April 2018. Before that she wrote about the foreign exchange market, cryptocurrencies, and fintech at Reuters. She also had stints there writing about the asset management industry and pensions. She covered the BP oil spill from Louisiana, and the Brexit reverberations from a muddy field in Glastonbury.

She got her start by sneaking into The Economist as a “corrector”, then moonlighting as a reporter, travelling to Myanmar to write about its literal and political landmines. She once perused every issue of The Sun between 1979 and 1990 for her history dissertation, “What a pair! Page Three and the Thatcher Years”. Before university she pursued a career in music. She still sings and writes songs. Jemima is interested in cryptoeconomics (sorry), technology, philanthropy, the ideas industry and pseudo-religions, index investing, and the media.

https://ftalphaville.ft.com/2018/09/03/1535947200000/The-baroness–the-ICO-fiasco–and-enter-Steve-Wozniak-/

Cryptocurrency airdrop | What is a crypto airdrop?

Cryptocurrency airdrop | What is a crypto airdrop?

Welcome to the future,

where you can create money from nothing! Well not nothing. But it certainly feels like it. Indeed, these days you see dozens of crypto airdrops. And many people are now looking to get free token everywhere. Because it’s free of course, it’s made from air. So what is a cryptocurrency airdrop?

What is a crypto airdrop?

Let’s start with the airdrop cryptocurrency meaning. A? ?crypto airdrop, short of cryptocurrency airdrop,? ?is? ?an event during which ?a? ?coin project distribute?s?? ?tokens or? ?coins to? early adopters, ?for free. And there aren’t many requirements to get the free tokens or coins. But you may have to give up a little bit of privacy… Universa.io for example, was asking users to share their Facebook contact list for example. Or POW Token was asking to create a post about their coin airdrop. Also, you may have to have coins from the specified blockchain in your wallet. OmiseGo, which made a very popular airdrop, required participants to have Ethereum for example. A coin airdrop may be done on any blockchain. But the most popular ones are bitcoin and ethereum.

Beware of scams!

Anyone can offer a crypto-airdrop, and that includes unscrupulous people. If a developer asks for your private keys, don’t share anything. Otherwise your coins will be stolen!

How does a cryptocurrency airdrop works?

Now that you know the crypto airdrop meaning, how does it actually work? Airdrops are a brand new format to distribute tokens in the crypto world. And there’s no standard rules yet. Maybe in the future, with the increasing popularity. But right now, each team offers a different set of rules. Despite a few websites displaying the rules, you may have to contact the developer directly to learn more.

Midas’ touch

You should register to bitcointalk forum to keep updated about crypto airdrops, or even apply to some of them. And make sure you’re an active member with a few posts. Because the developer may decide to kick out the noobs…In the case where you need to have specific coins in your wallet, the dev team will make a photo of the corresponding blockchain. And people holding the cryptocurrency in their wallet at that time will be entitled to get the tokens. While sometimes you may get the tokens automatically, you could also have to claim them on the project’s website.For the airdrops on social media, you may have to share or retweet the link of the project. Therefore, you may need a certain number of followers to be eligible. Some developers also require to share your contact details.

Surprise airdrops, really?

This is the best part! Indeed, you may have received some free coins, without even knowing it. I mean until you check your wallet. Because some platforms did give away some tokens to the users holding some of their coins, just like that. I’d recommend you to hold a little bit of each coin, at least the most popular ones. Because the more coins in your portfolio, the more freebies you can get!

Why TF do people give away free tokens?

To raise awareness for their crypto-currency project, of course. Indeed, it’s free advertising too. And to create a community around it. Because if you give some coins to a user, he’ll get involved to make it bankable. Finally, to cause the new currency to appreciate. Finally, it could be also to create a lead database for a cheap price. Indeed, these companies collect all the data they can in exchange of a few worthless tokens… You know the saying: If you’re not paying for it, you’re the produtc!

What to do with my airdropped coins?

Youhou, you got some free coins! But what now? Well, at the beginning there’s nothing much to do. Because nobody knows this currency… And it’s not even available in the exchanges. Sure, you can receive and send some coins with your friends, but what for? Despite the value the project announces, it’s really worth nothing. It becomes interesting when the new crypto arrives in the exchanges. And you can know the real price of what you got. The chance is that most people want to sell their coins, to get “real” money from it. So the price may not be up to your expectations… But you don’t have to sell your free crypto, you can hold it and use it later.

How do I keep my new cryptocoins safe?

First of all, you need a crypto wallet, to be able to receive, hold and send the new crypto. Then you have to own the private keys to your coins & tokens. Otherwise they’re not yours, period. Also, you can share your crypto address, to receive your cryptocurrency airdrop. But you must never share your private key! If you do, someone will steal your coins, for sure.

Article Produced By
Best Bitcoin Alternative

https://bestbitcoinalternative.com/resources/cryptocurrency-airdrop/