Money: How does the distribution of cryptocurrency

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Anton Merkurov, the founder of the Satoshi.fm, about what is happening in the world of bounty and Andropov.

Blockchain requires decentralization. The latter, in turn, requires network effects — the more different people use the product, service or cryptocurrency, so it is cooler. This thesis commonplace, and it is confirmed as expensive advertising campaigns cryptoprocta and their world tour.

But whatever actions taken by market leaders, the simplest way to provide citizens with the new currency or tokens — it’s just their to give away, absolutely free, either for simple actions.

For the end user there are several ways to become a happy owner of a digital asset. The most obvious one is to buy. Numerous stock exchanges and exchangers offer a product for every taste. From the traditional currencies, like bitcoin and ether, to the exotic tokens, just appeared in circulation. But in any case it requires an initial investment. For the money each fool can. Better for free.

Miners are the elite of the cryptocurrency world. Before the advent of industrial farms and the start of mass production of special chips pioneers used home computers — mining the cryptocurrency on available capacity. With bitcoin, this focus is not a ride — mine the currency is expensive, difficult, and in connection with the course are still not very profitable.

The abundance of ASIC miners designed for industrial production has led to the regular users left behind. A cryptocurrency switch to GPU mining that would preserve the opportunity to produce cryptocurrency on home computers. Such currencies include Electroneum, Zencash or Monero.

8 cryptocurrencies that are profitable mine on the PC

Before the boom ICO the easiest way to get bitcoin was the crane — the script which lists a small amount of Satoshi or other kriptoloji for committing a simple action, like solving a captcha or watch an ad. To expect untold wealth is not necessary, but a few coins. This is especially true of altcoins: many taps you can get hold of Cash Bitcoin or DOGE.

Finally, the main method of interest to all participants in the events, is a bounty (bounty) and airdrop (airdrop). Bounty become a familiar part of any ICO. For simple actions, like likes in social networks, retweet or comment on the forum, you get tokens of the project. For the creators of this cheap way of marketing for the actions of users have to pay not cash, and currency that appeared out of nowhere.

Airdrop — free scatter tokens or currency, almost randomly. In General is an easy way to distribute and receive cryptocurrency.

One of the most popular services — earn.com. There for simple actions, like subscribe to the Twitter account or the procedure of KYC, you can obtain bitcoins, and the tokens of various projects that use it to quickly create the appearance of a large community. Wishing for the dollar to push like in the social network — is more than enough.

However, there are big earnings should not count, market statistics works here — in the best case, every tenth comes to exchange, and has real prospects — every one-hundredth.

With the free distribution of elephants it’s not as easy as it seems. Received for free is not valued. Audience — participating in bounty programs and numerous airdrop — not the best quality from the point of view of investment. With the exception of a small percentage of inquisitive experts in the mass, the kids and the inhabitants of third world countries, where the potential earnings of a few tens of dollars can have some meaning.

There are legal aspects. Before joining the game Commission at the securities and exchange Commission (SEC) it all seemed impossible, but today, if we are talking about the token, equivalent securities, its free distribution, especially to U.S. citizens, is now associated with a number of legal technicalities. You can’t just pick up and start handing out money for you to be a registered payment system. For a small startup unreal.

Today, cryptocurrencies, tokens, and other digital assets, are recorded in the blockchain. Despite the fact that many of them are dead, replace them preparing better party. After the trauma of the ICO in the previous season, to raise funds becomes more difficult, but the new assets will continue to come out of nowhere and — as a result of success or failure to gain or not to gain real value.

The main players can become the oldest providers of wallets: Blockchain.com already discussing this possibility with the market, and Coinbase recently was out the wallet to store ERC-20 token and the beginning of their trade.

Today, the Internet is not our phones or computers, not cell towers. Network penetration in Metropolitan areas is such that it can be argued — the Internet — in the air. Now the money is there.

You only have to think of a way to catch them.

The opinion of the author may not coincide with the position of the editorial Board

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