I signed up for an ICO the other day and saw that they were giving away quite a lot of tokens for just signing up with Twitter and Telegram. How do they benefit from this? Do they just want more followers or do they want to get rid of tokens? Or is it maybe just a scam?
It is just a way for them to promote their ICOs, because think about it they tell you to sign up with twitter, the more twitter followers they have the more likely they will become trending which means more and more people will see them, or you sign up and you tell your friend to sign up and he tells hes friend winch keeps the circle going, so instead of paying thousands of dollars to put ads on social networks they let the people promote their ICOs by signing up and pay them with it.