Post
Topic
Board Altcoin Discussion
Re: Any new airdrop coins?
by
tradingdisaster
on 29/10/2017, 12:44:59 UTC
This is true but we have been studying also some project that seemed more like so and it feel like since lately people go for airdrop a lot for the possible fast pump and dump. For our project where we need to have companies on board using the coin, that will only damage us. Even when we only do bounty, out bounty system (integral to the roadmap itself and not a one off) will make it easy to receive coins making it rather similar to a drop. And that worries us somewhat.

Personally, if I were thinking about doing an airdrop, I'd set up the following rules:

  • It is done in rounds, spread out over a longer time. That way, the price won't crater once it hits exchanges since the supply is lower than if you do only one, two or three rounds
  • For any subsequent round, your wallet address has to hold 75% of the coins given to you in earlier rounds. That means people can trade, but have a big incentive to hold
  • Reserve a chunk for companies trying out the product. The first companies that join can get a handful of coins for free
  • Think about the technology before so I don't have to do coin-swaps. The recent deluge in coin-swaps only leads to people flipping them, as people with a day job cannot possibly herd a lot of coins all the time. If you have to do a swap, make it open-ended.
  • Make sure the business case and the role of the coin are clear from the get-go. People are more likely to hold coins they think will have an inner value in a couple of years than the recent shitcoins.