Contrary to popular belief, crypto investment is not cryptic, but there is a lot to learn. Crypto investment is slowly garnering worldwide acceptance, but there are failures too, unless you are guided. The latest buzz in the industry is ICO Investment, and it stands for Initial Coin Offering. It is like an IPO, but with a little difference. IPO takes place in the fiat industry, whereas ICO is cryptocurrency-backed.
You might be tempted to engage in ICO investment, and practically speaking, it is worth investing in, but in an informed way. With time and speculation, some underlying facts have to light that show that not all ICOs will bring you impressive returns. Not even those with exciting bounties or effective token allocations. It’s been said that it’s airdrops that could be more beneficial in this regard.
Why should you consider investing in an ICO?
The very fact the ICOs are subject to heated debates proves that it must be something worthwhile. ICOs allow you to not just earn returns against an investment, but also potentially earn a consistent income stream for you. ICOs are held by blockchain companies that intend to make the most of their blockchain technology skills, resources, innovative knowledge, and experience for bringing something new, efficient, and useful to the consumer-base. Participants need to make functional contributions to the given blockchain platform, to help it be useful in the real market. The more you contribute to the enhancement and betterment of the given blockchain project, the greater the chances are that you will win bounties and bonuses as rewards. These rewards are a pre-determined number of free tokens to the contributor. These rewards are in fact integral in an ICO and considered to be a marketing gimmick.
How are ICO airdrops taking the world by storm?
You must have come across a buzz about the ‘Dutch Government Distributing Euro to the Citizens of Netherland For Free.’ Well, what do you this what it was for? Whenever we hear off something Free, the immediate thought that comes to mind is that there has to be some condition. When the Dutch government decided to offer free Euros to its citizens, the only condition was the bags, containing minted coins worth 11.34 Euros were actually sold for 25 Guilders. When it comes to ICO airdrops, however, the condition is not that difficult to crack but there is a task is performed. Do not panic! The task is not too challenging. The crew behind the option takes a ‘snapshot’ of the blockchain, making existing holders (who are amongst the participants) of cryptocurrencies (such as, Ether, BTC) eligible to receive free tokens. This is one form of an airdrop. If you don’t possess crypto currencies you can still participate with social media related airdrops, such as at airdropalert.com
The key reason behind conducting an event such as an airdrop is of course marketing. But why choose an airdrop, when there are already reward programs such as bounties and bonuses? Who would not love unloading a pack of gifts? Bounties are the result of massive contributory works, whereas to collect an airdrop, all a participant has to do is signup for the ongoing airdrop and make sure he already holds cryptocurrencies such as Ether or BTC or do the social media related tasks.
In addition, airdrops have some other benefits, these include helping make a valuable database, which is quite basic when identifying a potential end-consumer base. There are some airdrops too that ask the participants to fill in forms online. For example, Universa.io airdrop once asked its potential recipients of airdrops to provide a list of their social media handles in order to qualify for the airdrop.
Therefore, if you happen to be a potential airdrop participant, make sure you are not signing up for any scam. You will now find numerous sites that provide airdrop alerts to help potential investors like you. One of the most talked about of recent times is airdropalert.com.
Along with your hunt for best ICO sites, you must as well look for sites providing airdrop.