It seems Initial Coin Offerings, or ICOs, are everywhere these days. I have written a few articles on the impact of ICOs on Ethereum and have even recommended a great airdrop from the company Current. You may be wondering, what are these ICOs and Airdrops that are all over social media and other news outlets you may be following?
What is an Airdrop?
An airdrop is when coins/tokens are distributed to the company’s community for free or, for small tasks. This is done to ensure early distributions grow a community around the coin and draw support. Most of the tasks that are required to earn bonus coins are focused on “spreading the word.” This process could also be referred to as a bounty program although; a bounty program is a different method, however it does follow the same idea as rewarding posts in social media.