Cool idea, I don't understand who say this is scam.
Who don't want to participate simply go off from this post and avoid writing "scam scam" like monkeys just to raise the activity level, otherwise write your doubts and wait for an answer.
They make you mine to get tokens, and not all miners will get them, only top 1000.- They don't want any ETH to launch the product.
- They have a product in alpha stage under development
- They stated and demonstrated what the purpose of airdrop race
Who don't want to participate simply go off from this post and avoid writing "scam scam" like monkeys just to raise the activity level, otherwise write your doubts and wait for an answer.
It's worse than ICO, there you are at least sure that you'll get tokens you paid for. Even if they will worth nothing
This distribution model is just a variation of crowdfunding merged with gambling.
Hi Mikanoshi,
You are right only top 1000 will get the Cognx token. But even on airdrop based on google form or such there are limitations.
About gambling we develop this fundraising strategy to limit the probability and make everything as clear as possible. In the RESULT PAGE everyone can check his position in realtime and if you are beyond position 1000 you can check with the form present in the page how far your hash rate is from the 1000th position.
I please ask you to read the whitepaper where you can find all necessary information.
I hope that at the end of the reading you can give us confidence
We reach the 1000 runners few hours ago. Happy race to everyone!
Cognx Team