What are “Airdrops” in Crypto World?

What are “Airdrops” in Crypto World?

Have you ever come across the term cryptocurrency airdrop

and wondered what it meant? Well, it’s nothing like the image you probably have in your head of an airplane dropping coins from the sky. In times of war, natural disaster, or other forms of crisis where the lives of people have been affected in places that are difficult to access by land, airdrops are carried out to provide essential supplies to people trapped in those zones. In the world of cryptocurrencies, airdrops have a different meaning. The cryptocurrency world has its own unique vocabulary which is expanding as the market evolves over time. In this article, cryptocurrency airdrops will be explained in detail.

Airdrop Definition

Airdrops can be defined as the process whereby a cryptocurrency enterprise distributes cryptocurrency tokens to the wallets of some users free of charge. Airdrops are usually carried out by blockchain-based startups to bootstrap their cryptocurrency projects. Also, established blockchain-based enterprises like cryptocurrency exchange platforms and wallet services can also carry out airdrops as well.

Process Mechanism

There are basically two major types of airdrops; the ones that come as a surprise and the ones that are announced beforehand. For already established blockchain-based enterprises, they may choose to go the route of the former rather than the latter. Getting to know about it might depend on how involved one is in the crypto community. These are the types of airdrops that occur and have people commenting on online forums that their wallets have been credited with coins and no one is the wiser as to where the coins came from.

For blockchain-based startups, they mostly favor the route that involves pre-airdrop announcements to get the buzz going. Since the aim is mostly to bootstrap the project, the airdrop process usually involves the completion of a number of tasks by the user in order to qualify for the airdrop. When the date of the airdrop arrives, the enterprise will release the free tokens to the users who qualify.

Reasons for Carrying Out an Airdrop

From creating hype and buzz around a new blockchain-based enterprise to rewarding loyal customers, there are a number of reasons why a cryptocurrency airdrop is carried out. The following are some of the reasons for carrying out a cryptocurrency airdrop.

As a Reward for Loyal Customers

From time to time, blockchain-based services like cryptocurrency exchange and trading platforms, wallet service providers etc. wish to give back to their customers and subscribers. Airdrops can be used as a means of rewarding loyal customers with free cryptocurrency tokens. This serves as an incentive that can assure continued patronage on such platforms. This type of airdrop mirrors the voucher and discount giveaways of non-blockchain companies in the mainstream commercial world.

In 2017, the cryptocurrency exchange platform, Binance, carried out an airdrop of 500 TRX cryptocurrency to account holders on the platform. The airdrop lasted from the end of October 2017 to the middle of November 2017. In order to qualify for the airdrop an account holder needed to have at least 0.003 BTC in addition to having completed at least one transaction on the account. Binance account holders who had the equivalent of 0.003 BTC in other cryptocurrencies were also eligible for the airdrop as long as they fulfilled the transaction requirement.

To Generate Lead Database

Marketing is all about leads. Organizations tend to pay a lot of attention to generating appropriate leads that will drive their marketing campaigns and increase patronage. Airdrops can be used by blockchain-based enterprises to generate valuable lead databases for their organizations. In exchange for free cryptocurrency tokens, users will be asked to complete online forms that contain valuable user information which can be used to develop targeted marketing strategies. This application of airdrops to generating lead databases can even be utilized by none-blockchain enterprises.

To Create Awareness About a New Cryptocurrency

With the sheer size of the cryptocurrency market, a new cryptocurrency can go completely unnoticed if it isn’t given the right boost in terms of substantial marketing campaigns. Just like every other aspect of the digital world, hype and buzz play an important role in the cryptocurrency ecosystem. With many cryptocurrency enthusiasts looking for new cryptocurrency options, an airdrop is a great way to get people interested in a cryptocurrency.

The marketing campaigns on social media for an airdrop can lead to increased attention being paid to a new cryptocurrency. Word of mouth advertising and other forms of organic engagements brought about by an impending cryptocurrency airdrop can lead to increased user participation in the cryptocurrency. This can help to bootstrap a new cryptocurrency as seen in the case of Bitcoin Cash. After the Bitcoin fork that led to the creation of the Bitcoin Cash, the developers of Bitcoin Cash carried out an airdrop rewarding all of its users. For every bitcoin held by a Bitcoin Cash participant, the developers gave a corresponding amount of Bitcoin Cash. The end result was that in less than one month, Bitcoin Cash was among one of the top 10 cryptocurrencies in the market.

How to Get Involved in Airdrops

Getting involved in airdrops requires access to information and the ownership of a cryptocurrency wallet to receive the free coins. The first step is to sign up for online services that provide timely information about cryptocurrency airdrops. These include websites, Twitter accounts, Telegram groups, as well as online cryptocurrency airdrop forums. Some examples of such online services include Airdropaddict and Icodrops. These services provide vital information that will help users stay informed about upcoming cryptocurrency airdrops. They also provide information on the qualifying criteria for participating in the airdrops.FundYourselfNow also has an ongoing Airdrop Program.

Getting a cryptocurrency wallet is an essential part of being in the cryptocurrency market and that applies for airdrops as well. It is a good idea to get an ERC20 compatible multicurrency wallet since the majority of the cryptocurrency tokens in the market are ERC20 tokens. When participating in airdrops, it is important to be security conscious so as to not fall a victim of fraudulent airdrop campaigns. Some airdrops are designed to hack wallets and steal private keys. Always confirm the authenticity of a cryptocurrency airdrop campaign before participating in it.

Article Produced By
The Mission

https://medium.com/the-mission/what-are-airdrops-in-crypto-world-a345725c75e0

Thomas Prendergast

What Needs to Be Done With the Elephant in the ICO Room?

What Needs to Be Done With the Elephant in the ICO Room?

There is an elephant in the room

and that room is the current ICO market. The elephant is the unignorable fact that the majority of ICOs offer no protection to their token buyers who consider themselves as investors.
These buyers are not investors.

Here’s why.

In 2017, initial coin offerings, or ICOs, emerged into the big time. Over the course of the year, startups conducting an ICO as a way of raising startup capital raised over $6.5 billion. Since then, many ICOs have issued utility tokens under the guise of security tokens, and they have raised millions of dollars by promising their holders huge returns and part of their income. In reality, they may not able to deliver on these promises.

The difference between a utility token and a security token was explained by Laimonas Noreika, the CEO of DESICO, the world’s first fully legal security token platform: “if Google were to have launched an ICO to raise capital by selling utility tokens, then Google utility token holders would now receive free Google ads in exchange for their tokens. Were Google to have issued security tokens, then Google security token holders would now be eligible to revenue share of the company.”

A security token is an investment and a financial product. It is a token that gives its holder ownership of a real asset, which can range from tokenized commodities and tokenized real estate, to tokenized funds. Meanwhile, a utility token simply provides access to a platform or product, and unlike a security token, it is not an investment and does not provide its holder with any rights.

Due to the different characteristics of security tokens and utility tokens, plus the lack of legal regulation, this has led to the ICO industry being shrouded in mystery. In mid-2017, this perception surrounding the credibility of ICOs led to the U.S. Securities and Exchange Commission, the SEC, cracking down on security ICOs and making them “subject to the requirements of the federal securities law.”

“The ICO industry is in desperate need for the correct legal frameworks and infrastructure to issue security tokens,” Noreika continued. “This is because finance experts predict that 2018 will be the year when security tokens begin to outstrip utility tokens, since more capital is expected to flow into the security crypto asset class. By the first quarter of 2019, it is estimated that ICOs issuing security tokens will outnumber those issuing utility tokens.” Empowered by the belief that security tokens are the future of a global tokenized economy, the DESICO team will introduce the world’s first fully legally compliant, and therefore game-changing, infrastructure to issue and trade security tokens.

DESICO’s full legal compliance is rooted in its country of operation. DESICO has chosen to operate from Lithuania, a Eurozone member and European Union member state. Lithuania holds a significant legal advantage due to its crowdfunding law, which makes it one of the few countries in the world, and the only EU country, to fully legally regulate ICOs. According to a recent report by Tokendata, Lithuania ranks third in the world behind the only the United States and China in terms of capital raised through ICOs in 2018. Furthermore, 2018 has seen startups from Lithuania successfully raise $249 million so far.

DESICO is a concrete example of Lithuania’s open attitude towards globally-operating blockchain companies. It has received support from the government backed business development agency, Enterprise Lithuania, as well as the country’s Ministry of Finance, with finance minister, Mr. Vilius Šapoka, praising DESICO for its encouragement in developing “Lithuania’s fintech and blockchain communities by promoting the settlement of global blockchain and fintech businesses in Lithuania.”

With its infrastructure to issue, buy, and sell security tokens in full compliance with the law, its internationally-experienced team of advisors and employees, plus its backing from the government of an EU member state, DESICO will not just eliminate the elephant in the room of ICOs. It will set new standards for the global ICO industry. Welcome to DESICO. Welcome to the world of security tokens.

Article Produced By

https://www.newsbtc.com/2018/05/18/what-needs-to-be-done-with-the-elephant-in-the-ico-room/

Thomas Prendergast

What is airdrop coin? Don’t miss a single coin airdrop!

What is airdrop coin? Don’t miss a single coin airdrop!

What is a crypto airdrop? What is airdrop coin?

First of all, let’s focus on the airdrop cryptocurrency meaning. What does airdrop mean? Maybe you’re a newbie in the crypto world. And it’s better to know what you’re dealing with… So, a crypto airdrop, coin airdrop or cryptocurrency airdrop, is a limited time event created by coin projects to promote their crypto-currencies. How? By distributing tokens or coins to early adopters, for free. In other terms, projects airdrop coin. While there aren’t many requirements to get free airdrop coins 2018, you may have to work a little (create a post, like a page etc.). Or even to share some personal information (share your Facebook profile or give access to your contact list).

Also you may need to be active in the crypto-community. Indeed, some crypto-airdrops are restricted and noobs can’t get in… In addition, you may require some coins from a specified blockchain in your wallet. Most likely bitcoin or ethereum, because they’re the most popular out there. But a free coin airdrop can be done on any blockchain. And this brings me to the best part: You can receive free coins anytime, without even knowing about it! Indeed, some platforms give away tokens to people holding some of their coins, just like that. Therefore, I’d recommend you to hold a little bit of the most popular coins in your portfolio. And enjoy as many freebies as possible! Also, don’t worry too much about the requirements now. Because I’m not only offering an airdrop tracker, with a list of airdrops. But I’ll also explain how to get free tokens for all upcoming airdrops!

Why do people give away free coins via airdrop cryptocurrency?

Now you know what is airdrop coin. But why would projects give away free cryptocurrency? A coinairdrop is a win-win situation: On one hand, you get free tokens which could worth something in the future. And on the other hand, blockchain projects raise awareness for their crypto-projects. Because it’s free advertising for them, giving away tokens that are worth next to nothing. And that way, they’re able to create a community around their coin. Indeed, if you give someone a coin, he or she’ll likely get involved, to get some money out of it.

Also, giving away some tokens cause the new currency to appreciate. Because if you have a token, you’re inclined to give it more value than if you hadn’t heard of it. Furthermore, it’s a mean to create a customer database for a cheap price. And I don’t need to remind you the saying: If you’re not paying for it, you’re the product! Because these projects collect all the data they can in exchange of a few worthless tokens…

Finally, it seems there’s a new trend of digital currencies which don’t require mining coins. And this is an interesting concept, when we see how much energy and computer power is needed to mine bitcoins. So users don’t mine coins, they generate them during a Token Generation Event (TGE). And sometimes projects distribute all their tokens during a crypto airdrop campaign!

Coin airdrop: How does an airdrop cryptocurrency work?

Coin-airdrops are a brand new method to distribute free tokens in the cryptocurrency community. As a result, there isn’t any standard set of rules yet. And each blockchain team can request whatever they want from their backers. But always beware of scammers! Legit coin airdrops will never require you to share your private keys. And if you find one that does, please report it to the community. Because unscrupulous people are definitely behind it. While I’ll give you as much details as possible for each coin airdrop, you may have to get in touch with the developer directly.

If you need specific coins during a cryptocurrency airdrop, the dev team will make a photo of the corresponding blockchain. And only the people holding the crypto-currency in their wallet at that time will be able to get the free tokens. While you may get the tokens automatically, you may also be requested to claim airdrop tokens on the project’s website. If the free coin airdrop is linked to a social media network, you’ll have to share or retweet a post with a link of the project. And you may need a certain amount of followers to be eligible… Also, some teams request an access to your contact details and list of friends!

I received airdropped coins: What next?

You’re all excited because you got some free coins. But what now? Are you a millionaire yet? Not really… And after a coin airdrop, there’s nothing much to do. Because nobody has heard of the new crypto-currency… And it’s not even available in any exchange, yet. While you can exchange coins with other early adopters, your solutions are too limited. And despite the value the project announces, it’s really worth nothing.

But don’t despair yet. Because it becomes interesting when the new crypto arrives in the exchanges. And that’s when you know the real price of what you received. However, most backers usually want to sell their coins, to get “real” money. So the price may not be up to your expectations… Anyway, you don’t have to sell your free crypto coins, you can hold them for a later use.

How to keep your new free coins safe?

First of all, you need a wallet, to be able to receive, hold and send the newly minted crypto. While you can find many web-based wallets, a.k.a. hot wallets, I recommend you to use a hardware wallet. Trezor is the original and most secure cold wallet. And it’s compatible with most airdrop free tokens! And you must keep secret your private keys to your coins & tokens. Otherwise they’re not yours. Period. While you can share your crypto address, you must never share your private key! If you do, you can say goodbye to your coins. Finally, remember that this is your best airdrop alert website! So don’t forget to register to my newsletter, or to subscribe to my Telegram channel, my Facebook page or my Twitter account. And you won’t miss a single airdrop crypto!

Article Produced By
CoinAirdrops.com

https://coinairdrops.com/

Thomas Prendergast

Kenya’s Regulators Propose Special Unit For ‘Handling Issues’ on ICOs, Cryptocurrency

Kenya’s Regulators Propose Special Unit For ‘Handling Issues’ on ICOs, Cryptocurrency

The Capital Markets Authority (CMA) in Nairobi, Kenya,

has proposed the creation of a special unit to handle cryptocurrency related issues. The unit would include all relevant regulators such as itself and Central Bank of Kenya (CBK), according to Standard Digital. The proposal is included in the Capital Market Soundness Report, “Staying the course in a Turbulent World of Increasing Protectionism,” released Friday by CMA Chief Executive Paul Muthaura.

“There is need for regulators to devise a common approach towards handling issues revolving around cryptocurrencies and Initial Coin Offerings (ICOs),” the report states. “A joint workgroup by financial sector regulators could be put in place to tackle issues around cryptocurrencies and ICOs.”

ICOs Banned

The CMO issued a notice in February warning investors against participating in ICOs, noting it has not approved any such offerings. The regulator said all such offerings are unregulated and speculative investments with significant risk exposure. CBK has taken a similar position, warning the public against bitcoin, which has experienced wide value fluctuations. Bitcoin traded at about $17,000 (Sh1.7 million) early this year before falling to $6,926 (Sh700,000) at the end of March.

“This volatility in price fluctuation remains a concern even as regulators seek to strike a balance between managing the risks that accompany innovations and avoiding being an impediment to market-led innovation,” CMA noted Regulators must communicate their willingness to accommodate fintechs to remove the perception that regulators do not appreciate new innovation, the authority noted.

Open To Blockchain

Sheila M’Mbijjewe, CBK deputy governor, noted earlier this month at the Euromoney East Africa Conference that new technologies like blockchain should be embraced cautiously. She said regulating fintechs should be balanced against encouraging innovation so that the technology’s growth does not bring an erosion of public confidence. “We (CBK) are not the innovators so we cannot move ahead,” M’Mbijjewe said. “If we move behind the market, we will have a problem. Essentially, we have to move alongside innovations.”

CBK) Governor, Patrick Njoroge also told legislators earlier this month that he had warned all banks warning on the dangers of virtual currencies. In addressing the National Assembly Committee on Finance at Parliament Buildings, he warned banks against dealing in virtual currencies. In December 2015, CBK issued a notice warning the public against virtual currencies.

This Article Produced By
News
https://www.ccn.com/kenya-regulators-seek-special-unit-for-cryptocurrency/

Thomas Prendergast

WTF is an Airdrop? A Detailed Guide to Free Cryptocurrency

WTF is an Airdrop? A Detailed Guide to Free Cryptocurrency

Money can’t appear out of no where… But cryptocurrency can.

Polymath did an airdrop (free coins) worth $300

In December 2017, I signed up to learn more about a coin called Polymath. As I learned more about it, my interest peaked and I wanted to learn how to get my hands on some of the coins. Turns out, the coins weren’t available yet; in fact, the team wasn’t even doing an ICO. Instead, they were conducting an airdrop. I signed up for it, and didn’t have to pay a penny (only enter some identifying information to comply with KYC regulation). A month later, 250 POLY showed up in my Ethereum Wallet. As of the time of writing, that’s worth around $300.

What is an Airdrop?

The simple answer: it’s literally just free coins just waiting for you. The method behind the madness, though, is a decision regarding marketing strategy. As a way to spread awareness to the relevant audience of potential investors and eventual enthusiasts, coin teams will, from time-to-time, do airdrops.

A Brief History of Airdrops

Coins have been doing this for a while — pretty much since the first Ethereum ICO. If you check your wallet on Etherscan (which I totally recommend doing — never open your wallet with a private key just to check your balance, it’s riskier than necessary), you’ll know there’s a row up top named Token Tracker. If you see it, then there are also tokens in your account; if you don’t, then you don’t have any tokens or airdrops — yet.

Some of you ETH wallet holders that have had wallets with balances for a while now might’ve noticed this — one day you just see an extra random token in your Token Tracker. No, someone didn’t randomly deposit some obscure token into your wallet address on accident; instead, the coin’s team decided to send a small amount to a population of Ethereum wallets in order to spread the word.

After getting the token, one of the first things you might’ve done is Google what the coin is. Or you might’ve taken it a step further — asked someone else if they knew what the token was. Also, you could just choose to ignore it. Of course, in the last scenario, the airdrop failed its intention. But scenario 1 means that you have now learned about the coin, and scenario 2 is even better — you’ve just told your friends about the coin, too. In both of those scenarios, the airdrop did its job for a small price (well, potentially a larger price if it moons).

Eventually, airdrops became a method beyond marketing. As a method to pump coin value, coins would announce airdrops where coin holders would receive bonus coins proportional to the amount of total coins they hold. Coin investors that wanted to get the airdrop would have to buy the coins if they didn’t have any yet, or buy more if they wanted a larger proportion of the airdrop. That being said, I want to emphasize that this airdrop strategy won’t be examined further in this article, since my article is focused on how you can get coins for free, not on how you can get coins by buying coins.

Recently, with Facebook’s new advertising policy explicitly stating bans for ICOs, many ICOs have turned to airdrops as an alternative method for pay-per-click advertising. With many ICOs being consumer-focused products, they focus on one metric: viral growth through the network effect. In layman’s terms, they want to spread the word to you and hope that you spread the word to your minions, too. They address this by using a strong referral system method.

Participating in Free Airdrops

The Tools You’ll Most Likely Need

Here’s what you need to catch airdrops like a stud

  1. An Ethereum Wallet:
    not one that is on an exchange. It has to be a personal address that is ERC20 compatible because most of the tokens that are airdropped are ERC20 tokens, which are or were originally Ethereum-based ICOs. I suggest using MetaMask or MyEtherWallet to get started immediately, but in the long-term I always recommend getting a hardware wallet like the Ledger Nano S.
  2. The Ethereum Wallet Must be ACTIVE.
    By active, I mean that you have to show at least some human use of it. Lots of airdrops have checks in place to make sure that you aren’t just randomly generating a bunch of addresses and signing them all up to unfairly obtain more coins. This means that if your wallet doesn’t show activity, it might not receive the airdrop. Sometimes, coins will be explicit in what they look for, including some type of balance in the account.
  3. A Telegram Account (https://telegram.org/):
    I’m sure there are amazing reasons why Telegram is the chatting tool of choice for many of these ICOs. The coins want to boost the audience count. Usually, these airdrop coins will also require you to sign up for their Telegram accounts. Until you receive the coin in your Ethereum wallet, do not leave the Telegram accounts or you risk disqualification for the airdrop.
  4. A Twitter Account (https://twitter.com/):
    Similar to the reasons behind the Telegram account, many of the airdrop coins will also require you to follow them on Twitter. Some of them will even ask you to retweet some tweet.
  5. An email address.
    sometimes airdrops will ask for your email, too. If you don’t feel comfortable with giving them your real email, just create a spam one. Remember the password, though; some of them actually ask you to confirm your email.

Obtaining and Withdrawing Tokens

Usually, it takes about 1–2 months after the end of the airdrop before you receive your tokens. This is primarily due to the fact that many airdrops occur before or during token sales, in conjunction to spread awareness. And tokens are not distributable until the end of a token sale anyway (I’ll write a separate piece on Token Sales, or ICOs). To check your wallet info and see if the token has appeared in your wallet yet, just go to Etherscan (https://www.etherscan.io). Type in your ETH address into the search box.

Circled in Red is the area you want to look. If the token is available in your wallet already, it will show up in the token tracker dropdown. If you don’t have a token tracker appear on your result, then you don’t have any tokens in your wallet yet, and it also means you didn’t receive it. Once you actually obtain the tokens, you can withdraw them directly through a services like My Ether Wallet (MEW). All you have to do is access your wallet (through MetaMask, Ledger Nano, or some other way — direct private key pasting is not recommended) and select the token you want to withdraw.

Don’t Get Scammed

With all the promises of free coins out there, it’s easy to lose track of everything and just start a clicking frenzy. Here are some tips to avoid getting scammed:

  1. Never send any private keys.
    No one needs to have your private key in order to be able to check you wallet balance. They can do so very easily with tools like Etherscan.
  2. Don’t send any money to any addresses.
    Remember this — airdrops are free. Whether it requires you to be holding a certain coin, or if it’ll just appear in your wallet, an airdrop will never ask you to send any amount of some coin to some type of address. If they ask for this, steer away immediately.
  3. Check official sources.
    If a coin is actually doing an airdrop, it is likely they’ll have announced it on their official social media accounts, such as Twitter. Check there to make sure that the airdrop is official; otherwise, you might be subject to a scam with scammers trying to collect your data.

This is an example of a scam airdrop. The first red flag is the fact that the Twitter account is asking you for an amount. But these scammers have become pretty sophisticated. If you check the comments, you’ll see there are 8 responses to this. 7 of them are from fake Twitter accounts pretending to have participated and being “super stoked” about receiving their coins. The other one is from me, tweeting that it’s a scam to try to warn people.

If you look at the Twitter account, you might see that it has 3,000 followers (or maybe even more) but the tweet history is less than 24 hours long. Does that make sense? A coin that just supposedly raised 8m euros has only tweeted for 24 hours? If the story seems fishy, there is a disgusting, rotting corpse somewhere. Don’t believe it.

The image is a terrible Photoshop job with font that doesn’t match the rest of the announcement. This scam is a metropolis of red flags. A simple Reverse Google Image Search shows that the logo actually belongs to Thrive. As a best practice, always look for reasons why an Airdrop would be a scam. With that mindset, you are more likely to be able to sniff out the rotting fish from the sushi.

Resources to Help You Find Airdrops

There are many communities and newsletters available to help you with identifying airdrops as they come along. I definitely recommend signing up for them (they’re free), rather than trying to look for them yourself. That’s because there are many scammers out there, and they make themselves very present and legitimate-seeming. These resources that you subscribe to have (hopefully) already screened the airdrops.

Let Cosmic Trading help you find those awesome Airdrops. If you’re looking for one to join right now, take a look at Cosmic Trading. Members post airdrops in that channel that they’ve already verified are legitimate. Furthermore, the community is just a huge group of cryptocurrency traders and enthusiasts with experience levels ranging from years of trading and HODLing to people who just started yesterday.

Article Produced By

Kenny Li

Blockchain and Fintech Enthusiast. Entrepreneur. MIT Sloan Class of 2020.

https://hackernoon.com/wtf-is-an-airdrop-a-detailed-guide-to-free-cryptocurrency-e70e8777dd83

Thomas Prendergast

These 3 ICOs Have Huge Potential in 2018

These 3 ICOs Have Huge Potential in 2018

Looking to put your money to work for you with some promising investments into Initial Coin Offerings? Here are three ICOs launching in 2018 that could help you do just that.

Origin

Origin

The first Initial Coin Offering you will want to pay close attention to is Origin.

Origin is a protocol which utilizes the Ethereum blockchain and IPFS for the creation of sharing-economy marketplaces. In essence, it affords both developers and businesses the ability to construct decentralized marketplaces on the blockchain, while making it simple to both create and manage listings for the fractional usage of services and assets.

Origin lets buyers and sellers find each other with ease, while also allowing for the browsing of listings and making of bookings. Both buyers and sellers may also leave ratings and reviews — but that’s just the start. Teams all over the world have already begun to build on the project’s protocols, but if you’re looking to conduct business on the decentralized web, this is one ICO you won’t want to miss out on.

Orchid

Orchid

Orchid is a market based, fully decentralized, and anonymous peer-to-peer system

based on “bandwidth mining” which to address the lack of relay and exit nodes currently plaguing the I2P and Tor space by directly incentivizing participants. As described in the project’s whitepaper, Orchid aims to construct “a blockchain-based stochastic payment mechanism with transaction costs on the order of a packet, a commodity specification for the sale of bandwidth, a method for distributed inductive proofs in peer-to-peer systems which make Eclipse attacks arbitrarily difficult, an efficient security-hardened auction mechanism suited for the sale of bandwidth in circumstances where an attacker may alter their bid as part of an attack, and a fully distributed anonymous bandwidth market.”

In layman’s terms, Orchid aims to make the Internet an open platform once more, on which human beings are free to learn and communicate in an unmonitored, uncontrolled, and uncensored environment. The project’s goal is to construct “a new civil contract around a distributed marketplace for computation, storage, and bandwidth to provide the framework for a new form of digital citizenship.” If that sounds appealing to you, don’t miss out on Orchid’s ICO.

OptiToken

OptiToken

The last – and perhaps most promising – ICO to watch in 2018 is from OptiToken.

OptiToken is the first ever algorithmically traded hyper-deflationary cryptocurrency which distributes value through an automated tokenized portfolio. The project works thanks to a cleverly-curated and strategically diversified portfolio of cryptocurrencies available through a single token – the OptiToken – which will be traded on many major exchanges.

The OptiToken provides exposure to a unique algorithm labeled “OptiX” which has consistently and transparently outpaced Bitcoin trading on a daily, and weekly basis since November 2017. The algorithm, which is now available on the projects GitHub, has been developed by highly-experienced traders and allows for the progressive integration of machine learning — meaning upward price pressure is going to be extreme and constant.

Importantly also, a portion of the profits generated by the company are used to purchase OptiTokens each and every buy cycle, which provides a steady upward price pressure while ensuring value for adopters and investors. Furthermore, 100% of those tokens purchased by the company are sent to an unspendable address — easily verifiable and transparent — to create a hyperdeflationary effect. In effect, OptiToken is the first ever actual hyperdeflationary money. You’d be hard-pressed to find a more exciting ICO in 2018 than that offered by OptiToken.

Article Produced By

Bitcoinist.net

http://bitcoinist.com/3-icos-huge-potential-2018/

Thomas Prendergast

Stratis makes setting up an ICO a breeze

Stratis makes setting up an ICO a breeze

 


When it comes to initial coin offerings or ICOs

— crowdfunding events in which participants buy digital tokens from a startup — the London-based Stratis is one of the original gangsters. The company launched a successful ICO in June 2016, way back before the ICO craze, selling its STRAT tokens for $0.007 each. The price of STRAT has skyrocketed to $6 since, earning early investors who never sold it more than 80,000% in returns. The coin's market cap currently sits at $592 million, making STRAT the 41st largest cryptocurrency out there. But Stratis, which describes itself as blockchain for the enterprise, has been fairly quiet since in those two years, which is a very long time in cryptocurrency world. 

Not anymore. This month Stratis launched its ICO platform, which aims to make the process of both running and participating in an ICO simple and fool-proof. The company also has big plans for the future, as it aims to launch smart contracts on its blockchain later this month. As numerous cryptocurrency startups can attest, an ICO can be a very lucrative funding route, but running it well is a tall order. It's near impossible to find an ICO that hasn't run into some sort of problem, be it technical glitches, interfering scammers, or poor communication with investors. 

The Stratis ICO Platform aims to streamline this by offering a sort of a "white label" solution for startups wishing to run an ICO. The platform offers design customization, the ability to accept funds in more than 50 cryptocurrencies and U.S. dollars, as well as an integrated KYC (know-your-customer) service (from partnering startup Onfido) for checking participants' identities. The use of the platform is free, and two startups, Gluon and BeyondGlobalTrade, are already slated to use it for

their upcoming ICOs. 

On Stratis, developers can build projects in familiar environments like C# or .NET.

Stratis also plans to expand its blockchain, whose main differentiator is that it allows to build native apps in commonly used C# and .NET programming environments, to allow for smart contracts. But the competition in the space is fierce: Well-funded startups such as Cardano and EOS are racing to create a next-generation smart contract platform. "We've never done a serious marketing push until now," Trew told me. "We've been extremely frugal with our funds". These funds are considerable, as Stratis own a sizeable portion of its own tokens. Now, Trew and his team seem to be ready to tackle the largest projects in the space. 

The first big push this year comes in the form of Stratis' ICO Platform. "It's a web app. Somebody can come along, deploy in Azure and do their own ICO. It's free to use, and the fact that the person can deploy it themselves means they're using their own infrastructure, which means there's no trust placed upon us," said Trew.

Stratis' competitors in this space include Bitcoin Suisse and Lykke. But Stratis claims its platform is easiest to use. "Somebody can very easily deploy an ICO with one click, fill out a few options, and their ICO is up and running," said Trew. The platform utilizes ASP.net and runs on Azure, which should make the ICO secure and robust. This is important, since a typical popular ICO will have thousands of investors trying to fill out forms and send their funds roughly at the same time. "We hope we'll see a lot less of these ICOs where people try to invest and can't do so because the site has gone down," said Trew. 

The ICO platform is just one part of Stratis' master plan. The company plans to launch an alpha version of its smart contract platform on May 16. That, along with upcoming solutions for scaling, which include sidechains and a promising technology called TumbleBit, should make Stratis a lot more like the leading decentralized app platform, Ethereum. And Stratis is already using a proof-of-stake (PoS) consensus mechanism, meaning it does not require energy-intensive coin "mining," while Ethereum is planning to gradually switch to PoS in the future. 

It's awfully hard, even for experts, to judge which blockchain project is further along when it comes to securely implementing all this bleeding-edge tech. Stratis hasn't been boasting its technological achievements as loudly as some other projects, but on paper it appears it's up there with the best of them. Stratis' primary focus, however, is the enterprise. New Ethereum-based startups show up daily, but building on Ethereum means learning a new programming language called Solidity. On Stratis, which has a partnership with Microsoft, developers can build projects in familiar environments like C# or .NET. 

Stratis' strategy sounds impressive in a year in which seemingly everyone, including major companies such as Facebook and JPMorgan, is looking at building something on the blockchain. Competitors include Lisk, which lets developers build blockchain apps in JavaScript, IBM Blockchain, and, of course, Ethereum itself, which has an enterprise-oriented alliance in place with companies such as Intel and Accenture on board. Trew believes Stratis is well positioned to tackle them. 

"It's been developed from the beginning, targeting the enterprise. Nearly all of our workforce comes from an enterprise background. Myself, I've worked in the enterprise space for 15 years as a technical architect before I started Stratis," said Trew. "We believe we can make a compelling product in this space."

Article Written By

Stan Schroeder

Stan is a senior editor at Mashable, where he has worked since 2007. He's been a pro IT journalist in Croatia for over 9 years, having written for numerous IT publications there. Interested in writing for a global audience he started his (now defunct) blog, FranticIndustries, and he also co-founded (and subsequently sold) whoishostingthis.com, a simple tool for determining the hosting provider of any website. He lives in Zagreb, Croatia, and spends his free time pursuing his many interests, which include speaking at conferences, startups, mobile development, cryptography, collecting band T-shirts, tinkering with gadgets and hardware and generally leading a frantic lifestyle.

https://mashable.com/2018/05/11/stratis-ico-platform/#nPztv.xkXkq9

Thomas Prendergast

Markethive Announces Chief Financial Officer: Alexander Logie

Markethive Announces
Chief Financial Officer:
Alexander Logie


State-of-the-art Integrated Inbound Marketing Platform, Social Network, Artificial Intelligence,
Business Services, eWallet, Coin Exchange, Mining Datacenter, and Faucet Lead 
Portals for Success in the Cryptopreneurial and Entrepreneurial Markets.

Cheyenne, WY – May 12, 2018: Thomas Prendergast, Founder and CEO of Markethive™ announces the addition of Alexander Logie as CFO, stating, “Alex is a highly qualified 30-year financial veteran who possesses a very impressive resume. He brings a combined wealth of experience, skills, knowledge and background at this all-important, crucial point in the evolution of Markethive’s culture, mission and vision, which is all about innovation, entrepreneurialism, sovereignty and success.”

Further, per Douglas Yates, Markethive’s CTO, “Alex has spent 30 years in the global financial world, including a dozen years at Citibank Canada as Senior Vice-President, Global Debt Derivative Trading. The private equity and venture capital boutique he Co-Founded (Crane Capital Group) was acquired by Bear Stearns Asset Management in 2007 and at the time, had offices in Toronto, New York, San Francisco, London, Munich and Tokyo. During the build-out at Crane Capital, Alex worked closely with several large venture capital funds in both Boston and Silicon Valley. Alex went on to become the CEO of Baron Asset Management in Hong Kong where he was licensed by the Securities and Futures Exchange (SFC). It should also be noted that Alex is also the CFO of Electric Universe Ltd, Markethive's incubator.”

Alex himself states, “I have a real passion for start-up companies that encourage, nurture and reward progressive, futuristic outside-the-box thinking and creativity, while enabling a spirit of true entrepreneurialism at their core. I presently sit on the advisory board of Bradon Technologies, an up and coming communications company that has created and deployed its own, proprietary, narrow and wideband codecs.”

https://www.zoominfo.com/p/Alexander-Logie/74047993
https://www.linkedin.com/in/alexander-logie-71975b6

For further information:

 

E. Sue Bennett
Media and Public Relations
Contact: â€‹pr@markethive.net

Thomas Prendergast

Markethive Secures Relationship with Menlo Technologies


Markethive Secures
Relationship with
Menlo Technologies


State-of-the-art Integrated Inbound Marketing Platform, Social Network, Artificial Intelligence,
Business Services, eWallet, Coin Exchange, Mining Datacenter, and Faucet Lead 
Portals for Success in the Cryptopreneurial and Entrepreneurial Markets.

Cheyenne, WY – May 12, 2018: From the desk of Douglas Yates, Markethive CTO, "We have secured a relationship with Menlo Technologies, one of the top global services companies specializing in cloud integration, data analytics, mobile and blockchain technology. Menlo Technologies has built strategic partnerships with top-tier pioneers in the tech industry including Microsoft, Dell Boomi, and Looker. Their global delivery model provides a framework that will help Markethive achieve its project milestones: Quality, on time or ahead of schedule and within or under budget."

Doug continues, "Keep an eye out for great things ahead."

Here is a video of Menlo Technologies' CEO, Gary Prioste, speaking at Microsoft Inspire Worldwide Partner Conference:

FYI: Menlo Technologies is a proud member of the Microsoft Partner Network that serves more than 430,000 businesses with more than 160 million mutual customers worldwide. Menlo Technologies has demonstrated their proven capabilities and expertise as a Microsoft Competency Partner in Cloud Development.

The Founder and CEO of Markethive, Thomas Prendergast, adds, "With creating this relationship with Menlo Technologies, Markethive gains a group of industry experts committed to our success. Menlo Technologies works with us individually, to help our business grow and succeed by integrating the latest design and technology standards."

For further information:

E. Sue Bennett
Media and Public Relations
Contact:  pr@markethive.net

 

Thomas Prendergast

ICO Airdrop Details

ICO Airdrop Details

What’s an ICO airdrop?

An ICO airdrop will happen when a blockchain-enabled project distributes its free tokens to the entire crypto community. In order to be eligible to receive airdropped tokens, you need to own some coins that are based on the same blockchain on which the project is built. A few examples of airdropped tokens that have had successful ICOs such as Cell Blocks, Bunnytoken, Data Broker Dao and later become popular cryptocurrencies include OmiseGo, Stellar Lumens, and Byteball. You can also check out an ICO beginners guide to get more information on how the tokenized economy works. It is helpful for the investor to know about the best ICOs to invest.

Some airdropped tokens are conveyed to the targeted audience through social media posts, or the receiver can even get in touch with a team member on the bitcointalk.org forum. Put simply, the blockchain-based project giving away the free tokens uses airdropping as a marketing move.

The format of such giveaways is something like this:

  • During the pre-announcement phase, the project backing the event will click a “snapshot” of the blockchain.
  • If, at the time of taking the snapshot, someone is holding Bitcoin or Ether, they’ll receive a specified number of free tokens.

Airdropping can be done on any blockchain, but Bitcoin and Ethereum blockchains are the most used, owing to their popularity.

How to apply for airdrops ?

Every airdrop will have different rules. If you’re organizing an airdrop, create your very own Bitcointalk forum account. Through this account, the visitors will first apply for the airdrop. While applying for an airdrop, the visitor will need to contact the forum’s modulator via personal messages. A classic example of this format is the Ethereum Dark airdrop. Any person who wanted to apply for the ETH airdrop needed to send a personal message in order to receive the tokens. However, a newbie operating on the forum will be refused the airdrops. If you are looking to receiving airdrops through a forum, then post occasionally on it to secure a high rank.

Sometimes, receiving an airdrop will even require you to retweet on Twitter; many times, you should have a specific number of followers on a social media channel to be the receiver of an airdrop. All in all, you have to maintain active social media accounts in order to be eligible to receive free tokens. Also, check your crypto wallets frequently to see whether you’ve received a surprise airdropped token. Some platforms, such as Komodo or Waves, have already delivered airdropped tokens to their holders without any prior announcements. If you’re an investor holding a diverse cryptocurrency portfolio, you’re likely to receive more airdropped tokens than others.

Why would a blockchain project deliver free tokens, anyway?

If you aren’t paying a single penny for the product, then that means you’re the product. By doing an airdrop, a project may successfully create undeniable awareness about its tokens or its ICO sale. By executing airdrops, the team behind an ICO project will attract people who may be interested in it or may not have heard about it. When an airdrop is successfully carried out, the token’s price can experience appreciation. (This phenomenon is called the endowment effect.) Airdrops, if done successfully, can create a big network/community of people who actually own the tokens.

If you list the token distribution through a pie graph right after an ICO sale has finished, a large part of that pie will still be owned by the project or its development team; another part of that pie will be owned by all those who’ve joined the pre-sale; plus, a reasonable part will be owned by those who’ve already invested in the ICO sale. With an airdrop, you actually add an extra slice to that pie—and that slice will definitely have a lot of people in it. (After all, everyone likes freebies.)

Plus, an airdrop can also plant a seed. There are thousands of cryptocurrencies, today; however, do you remember the name of any coin except the popular ones? Well, if you’ve received a free token during an airdrop, then you’ll remember its name when you see it as a coin on an exchange; that’s how the seed gets planted. In short, airdropping a token is similar to advertising the whole project. Similarly, Influencer marketing is a powerful route to market for your ICO, where well- known brand campaigns reach engaged audiences.

Airdropped tokens come in a wide variety

Today, ICO-launching businesses are building exclusive marketing campaigns. By carrying out well-planned marketing strategies, a business tries to spread the word about its upcoming ICO pre-sale and crowd sale. When it’s about ICO marketing, it’s definitely about airdropping. As one of the most powerful marketing strategies that ICOs are adopting today, airdropping is becoming known for improving an ICO project’s traction by a wide margin.

Today, investors are more interested in knowing about the process of receiving free tokens. Some of the airdropped ICOs want their prospective investors to retweet a pinned tweet or like a Facebook page. Likewise, airdropping can even include an investor getting paid for watching an ad or a pre-roll.

Here are the most common types of airdrops happening in the ICO space today:

Social media airdrops
According to this strategy, investors are given airdropped tokens for performing different tasks on social media channels.

Sign-up airdrops
This strategy lets businesses reward tokens to anyone who has signed up on a specific network.

Referral airdrops
According to this strategy, a business gives reward tokens to all its existing customers whose referrals successfully sign up on a network.

Hard-fork airdrops
These airdropped tokens are given to the token holders of the blockchain that is getting hard-forked.
In this airdropping strategy, the token holders generally receive a duplicated amount of freshly generated tokens.

Exclusive airdrops
In the crypto landscape, some websites may host exclusive airdrops.
Generally, these airdrops are far more rewarding than a traditional airdrop.

Is there a place to sell the airdropped tokens?

Now, once you own free tokens, what will you do with them? Many projects that distribute free tokens are still in their pre-ICO phase or have just winded up their ICO sale. Because of this, the tokens won’t be traded on bigger exchanges for the time being. However, once the token that you received during an airdrop increases in its value, you may sell it on any leading exchanges that list it.

There are a few crypto exchanges that buy and sell airdropped tokens. To trade the freebies on the exchange, you need to first create an account on the platform. Some previous ICO projects did many airdrops. (These projects include DECRED, Ripple, and NEM.) Plus, you needn’t immediately sell your free digital holdings because there’s nothing wrong with being a HODLer.  Also ICO Stats are informative and helpful for the investor in the way that they can get knowledge on how to invest in ICOs.

The must-have tools to get airdropped tokens

In order to secure free tokens, you’ll need some of the following tools.

  1. An Ethereum wallet:
    Most of the airdropped tokens comply with the ERC20 standard, so it’s best if you have a wallet that’s ERC20 compatible. For example, you can use either MyEtherWallet or MetaMask as your Ethereum Wallet.
  2. An active wallet:
    Having a wallet that’s never been used doesn’t work if you want to lay your hands on some free tokens. It turns out that you have to own an Ethereum wallet that’s been used. Some companies may even check whether you’re a spammer who’s created a bunch of Ethereum wallets just to get a sizeable number of free tokens. The company that’s doing the airdrop will check that by analyzing the activities done in the wallet.
  3. A Telegram account:
    The airdropping company wants to boost its token value and that’s exactly why it may ask you to sign up for its own Telegram account. The more users who join its Telegram account, the better visibility it gets on this chat client. Most importantly, you’re not supposed to leave the company’s Telegram account until you receive the airdropped tokens in your wallet.
  4. A Twitter account:
    Sometimes, you may receive an airdropped token just for retweeting a pinned tweet. That’s why it makes sense to follow the company that’s organizing the airdrop on Twitter or similar social channels and to do its bidding.
  5. Email address:
    Most of the time, an airdropping company will want you to supply your email address. If you aren’t comfortable giving your real email, just create a secondary one. However, do remember the password because you’ll have to access it in order to receive your free tokens. (Many airdropping companies may want you to confirm your email before they send you the reward tokens.)

How can I safely store the free tokens?

One way to securely store all your airdropped tokens is by putting them in a cold-storage wallet or a hardware one. Such wallets store all the tokens offline, and that’s what protects them from getting hacked. You can choose from a wide range of hardware wallets—our pick would be either Trezor or Ledger Wallet Nano S. However, every token cannot be stored inside a hardware wallet. If your tokens aren’t compatible to be stored inside a hardware wallet, you’ll have to put them in an online wallet. Your online wallet is controlled with a private key, which isn’t shared with anyone.

To avoid being victimized by a crypto scam that’s masking as an airdrop, we’ve listed some general rules.

  • Never share your private keys.
  • Your wallet should have a two-factor authenticator.
  • Always be careful while downloading the wallets of the smaller projects.
  • Never click on any link that’s redirecting to a wallet.
  • Don’t give your primary email address while applying for an airdrop.
  • Don’t ever reuse the same password for two websites.
  • Don’t ever send any payment to receive the free tokens.

Staying absolutely safe in the world of the airdropped token 

Often, you’ll see a currency organizer asking for your private key in order to send you some airdropped tokens. However, never ever share your private key with anyone. If the airdrop is legitimate, it won’t ever request you to supply such critical data to receive your free rewards—it’s as simple as that.

The ICO space, by and large, remains unregulated—that’s exactly why you shouldn’t allow any scammer to get the better of you anytime, anywhere. These scammers usually lie in ambush waiting for an airdrop to happen. As soon as there’s an airdrop, they may try to generate fake “phishing” sites and portals; these portals or sites are engineered to take away your crypto keys. So, you should hammer home this message—never give private keys to any company that’s airdropping free tokens.

Of course, just because an upcoming airdrop is legal, it doesn’t mean you’ll end up making a lot of money from it. Most of the airdrops in the crypto landscape are done whenever an ICO needs a power-packed launch. Plus, sometimes, airdrops may even happen whenever there’s a solid possibility that the token’s value won’t be high. However, in the end, you will never be sure about an ICO’s true value until you have read its project’s white paper and reviewed the website. It is necessary to be aware of marketing trends of ICOs before investing. ICO marketing guide is very helpful to get the clear idea for it, also ICO events organized by their respective companies provides a very good overview of market aspects.

It is always best to go through the project’s white paper or its website to check ICO services before making the final decision. You should even read about the project’s development team and analyze its social media pages. You need to see whether the team that’s organizing the airdrop is actually interacting with its community or answering their questions. If they’re interacting with their and answering every single question, then the development teams will probably be legitimate.

In addition, a good airdrop will be the one that will need some of your details as part of the KYC process; once you give the information, you’ll receive the free tokens. Finally, if an airdrop is actually completely legal, it may also have been mentioned on the crypto news outlets. So you need to bookmark some quality crypto news sources that are constantly being updated.

Earning respect from fellow crypto investors by alerting them to scams

We always strive to not list any scam ICO projects. Our team does thorough research before listing any ICO project (such as Gamblica, Guardium, TrustedHealth, Fintechbit) on the website. Nevertheless, it’s still possible for us to miss a scam project. So as a crypto investor, you should always look out for a scam. If and when you find one, you should notify us. That way, you help us keep the site clean and warn other crypto investors about fraudulent ICO projects.

Summing up airdropped tokens

Before taking part in any new airdrop out there, it’s essential that you research the project and believe in its vision from the beginning. You should even analyze the technology and the concept backing the project, and then only decide whether it makes sense to participate in the airdrop.

You should also keep track of all scams and always remember that a completely legit project will have no business in knowing your private details. All in all, airdrops will remain a super-exciting way to learn a bit more about the project and even its development team. Remember that airdrops won’t ever need your money, but it’ll definitely want your time and patience. Finding the right airdrop is often easier said than done. So, as an investor, you have to be smart enough to know everything about every project you’re involved in. Plus, it’s better to go the extra mile in order to keep your entire data safe. To get latest updates on ICOs you can check ICO list. Last but not least, we remind you to never give your private keys to anyone who claims to want to deliver free airdropped tokens to your wallet.

This Article Produced By
Airdrop Alert
https://www.icotokennews.com/airdrop/

Thomas Prendergast

The Artist that came out of the Winter