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Are crypto airdrops safe
Retrieved 8 March Retrieved Proof of authority Proof of personhood Proof of space Proof of stake Proof of work. Ethereum Ethereum Classic. Auroracoin Bitconnect Coinye Dogecoin Litecoin. Bitcoin Gold Zcash. Dash Petro. BTC-e Mt. Gox QuadrigaCX. Airdrop BitLicense Blockchain game Complementary currency Crypto-anarchism Cryptocurrency bubble Cryptocurrency scams Digital currency Decentralized autonomous organization Decentralized application Distributed ledger technology law Double-spending Environmental impact Hyperledger Initial coin offering Initial exchange offering Initiative Q List of cryptocurrencies Token money Virtual currency.
Category Commons List. Categories : Cryptocurrency stubs Cryptocurrencies Financial technology. That is, owners of the cryptocurrency could be artificially inflating its value in order to make a quick profit. Rochard tweeted: "Watch out for give away scams like this: 1. Instantly pre-mine tokens for yourself and your friends 2. Trade the pre-mined tokens with each other to pump price 3. Bait retail investors with a 'give away' of the tokens 4.
Retail evangelizes the token for you, dump. Accessed Aug. Your Money. Personal Finance. Your Practice. Popular Courses. Investing Cryptocurrency. What Is a Cryptocurrency Airdrop? Key Takeaways The crypto airdrop is a marketing method employed by startups in the cryptocurrency space. It involves delivering bitcoins or tokens to the wallets of current cryptocurrency traders, either for free or in exchange for a small promotional service.
The airdrop is meant to spread awareness and increase ownership of the currency startup. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.
We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Bitcoin is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments. Bounty programs are rewards, usually in the form of tokens, to promote an initial coin offering ICO. What Is Auroracoin? Auroracoin is a cryptocurrency launched in Iceland after the financial crisis.
Its original mandate was to enable cross-border transfers.
