I don’t like ‘em one bit! They just create sell immediate pressure on the token! However, if there was not an ICO involved in distributing the token, then I think they’re great because even though most people will sell such airdrops as soon as possible it does create a wide distribution for the token that is very beneficial, especially if you indiscriminately drop tokens on random addresses (rather than providing a punch list of items to do before receiving the airdrop, you know those people are selling!) that will have a double benefit to existing token holders - 1) more people will know about the project, which could increase demand, and 2) if tokens get distributed to dead addresses, that will effectively reduce supply. Increasing demand and limiting supply are kind of the whole point, right?
You are viewing a single comment's thread from:
Dear @shanghaipreneur
Thank you for dropping by, for your comment. We're clearly on the same page here.
Question is: does it really create VALUABLE distribution? If the only goal of those tokens will be to end up on exchanges (or end up forgotten) then this distribution doesnt seem to make much sense.
Wouldn't you agree?
Yours
Piotr