Is Distributing Free Tokens To Assist Crypto Projects

Oct 17, 2018 at 20:53 Update Date :Oct 17, 2018 at 20:53 UTC

Blockchain, the world’s most popular bitcoin wallet is having a giveaway of tokens that could be beneficial for both, individuals and the cryptocurrency ecosystem.

Speaking in the Airdrop program, the data provider announced a new program aimed to assist crypto-based projects with the distribution of free tokens, a force for betterment.

The white paper (which consists of the economic and legal rationales), while addressing the issues that newbies face when they get crypto for the first time, says that any purchase made through an exchange or an ICO needs for one to have financial wherewithal. Additionally, buyer may have to face issues of regulation that may vary across different region. Apart from this, one can face risks that come with the online depositing of funds.

Crypto Mining also comes with major difficulties for newcomers. It requires technical knowledge regarding how to, and other expensive equipments.

As per the white papers, Airdrops is an effective, free, and transparent way to obtain assets at no cost. It requires an active internet connection and a device for computation. It is believed that airdrops can reach millions of people across the world and is a way to help cryptocurrency projects to reach millions of wallet holders as well as to provide a secure ecosystem for users to receive cryptocurrencies.

Marco Santori, President and Chief Legal Officer at Blockchain, said that Airdrops, without any investment risks, have the strength to form decentralization across the network. With the Airdrops, users of cryptocurrency can try new token for no cost and creators can supercharge the effects of network. It is anyway a benefit for the ecosystem.

Moreover, Airdrops are also aimed at the influencers, connectors, individual and institutions in order to bring use and adoption of cryptocurrency globally.

For the program, token are to be distributed for free and must have some function. Airdrop should be free from any manipulation and need to be in transparent manner.

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