Airdrop (cryptocurrency)

Short description: Unsolicited token or coin distribution

An airdrop is an unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses. Airdrops are often associated with the launch of a new cryptocurrency or a DeFi protocol, primarily as a way of gaining attention and new followers, resulting in a larger user base and a wider disbursement of coins.[1] Airdrops have been a more important part of ICOs since crypto entrepreneurs have started doing private sales instead of public offerings to raise initial capital.[citation needed] One example of this is by the company Omise, which gave away five percent of its OmiseGO cryptocurrency to Ethereum holders in September 2017.[2]

Airdrops aim to take advantage of the network effect by engaging existing holders of a particular blockchain-based currency, such as Bitcoin or Ethereum in their currency or project.[3]

In the United States, the practice has raised policy issues about tax liability and whether they amount to income or capital gains.[4]

## References

1. ↑ Van Boom, Daniel. "Crypto airdrop season: Why people are making thousands for 'free'". https://www.cnet.com/personal-finance/crypto/crypto-airdrop-season-why-people-are-making-thousands-for-free/.
2. ↑ Marshall, Mo (2017-09-06). "The latest crypto PR craze: 'Airdropping' free coins into your wallet" (in en-US). https://venturebeat.com/commerce/the-latest-crypto-pr-craze-airdropping-free-coins-into-your-wallet/.
3. ↑ BJORØY, Trond Vidar (2017-09-06). "The latest crypto PR craze: 'Airdropping' free coins into your wallet". https://venturebeat.com/2017/09/06/the-latest-crypto-pr-craze-airdropping-free-coins-into-your-wallet/.
4. ↑ "Bitcoin Is on a Collision Course With the IRS" (in en). Fortune. http://fortune.com/2017/11/16/bitcoin-cash-irs/.

* v
* t
* e

Cryptocurrencies

Technology|

* Blockchain
* Cryptocurrency tumbler
* Cryptocurrency exchange
* Cryptocurrency wallet
* Cryptographic hash function
* Distributed ledger
* Fork
* Lightning Network
* Smart contract

Consensus mechanisms|

* Proof of authority
* Proof of space
* Proof of stake
* Proof of work

Proof of work currencies|

| SHA-256-based|

* Bitcoin
* Bitcoin Cash
* Counterparty
* MazaCoin
* Namecoin
* Peercoin
* Titcoin

|

Ethash-based|

* Ethereum
* Ethereum Classic

Scrypt-based|

* Auroracoin
* Bitconnect
* Bitcoin Gold
* Coinye
* Dogecoin
* Litecoin
* PotCoin

Equihash-based|

* Zcash

CryptoNote-based|

* Monero

X11-based|

* Dash
* Petro

Lyra2-based|

* Taler

Other|

* Primecoin
* Verge
* Vertcoin
* Zcoin

Proof of stake currencies|

* Gridcoin
* EOS.IO
* Nxt
* Steem
* Tezos

ERC-20 tokens|

* Aragon
* Augur
* Aventus
* Basic Attention Token
* Centra
* Kin
* KodakCoin
* Minds
* Power Ledger

Other currencies|

* BitShares
* Filecoin
* Libra
* NEM
* NEO
* Ripple
* Stellar
* Tether

Related topics|

* Airdrop
* BitLicense
* Blockchain game
* Complementary currency
* Crypto-anarchism
* Cryptocurrency bubble (2018 cryptocurrency crash)
* Digital currency
* Double-spending
* Initial coin offering
* Initial exchange offering
* Initiative Q
* List of cryptocurrencies
* Stablecoin
* Token money
* Virtual currency

* Category
* Commons
* List

Template:Cryptocurrency-stub

0.00

(0 votes)

Original source: https://en.wikipedia.org/wiki/Airdrop (cryptocurrency). Read more

|

Retrieved from "https://handwiki.org/wiki/index.php?title=Finance:Airdrop_(cryptocurrency)&oldid=38994"
*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template