Several times I heard about airdrop hunters. They create many accounts from different IPs and participate in airdrops of different ICOs. But as soon as exchange starts, they sell all those tokens/coins. Did i understand correctly?
What is interesting how they affect ICOs value on the market?
For example, I am participating in KickCitys airdrop today because I want to invest in this company. But I dont think that all participants are eager to do the same. How it may affect the companys future?
Btw, do somebody know about avaliable now Airdrops?
Airdrop is one way of advertising their ICO as long as there are only few token that is allocated in airdrop, it will not affect the price of ICO too much. It will ony happen if their is a huge allocation on airdrop and expect that even the dev will also dump it.