We all have heard about ICO's for a time now. This month i have been hearing more about ICD's. I belive Fresco is the first token to implement that.
What else is there?
For people who dont know:
ICO: Initial Coin Offering
ICD: Initial Coin Distribution
This is the first time i heard about ICD in 3 years . Whats the difference between two of them ? Or its just a name change for project not to follow regulations ? Probably will come something new soon . People like to find loopholes not to follow regulations
It might be a loophole for regulations, but it is a valid one.
In ICD tokens are given away without asking any crypto currency or fiat currency in return.
Perhaps a signup is required to earn the token, or some task which requires a little time or effort.
Perhaps another way to look at it is a Government can do an ICD and say its basicly universal basic income for citizens.
Perhaps a coin foundation can do the same and give away coins for free as universal basic income for new comers (new citizens of that coins network)