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)
These are all valid points, specially giving away coins for new comers will be a second chance for people that miss the opportunity. This is especially good for POS coins.