Classic is forking along with Bitcoin into Bitcoin Private. Ethereum Classic is having an airdrop for Callisto
ZCL The website is https://btcprivate.org/
On December 19th ZCL was trading near $5 and currently is trading at $145. The reason is BTCprivate.org) is that there is a snapshot that will occur February 28th both holders of Bitcoin and ECL will get tokens two days after to match their holdings from either a personal wallet or a supportive exchange. Not all exchanges will offer the duplicate coin. With ZCL it is about a 1:1 duplication. For this reason ZCL is being bought at an increased rate.
ETC
March 5, 2018 ETC holders will get Callisto 1:1.
Ethereum Classic development team recently announced the Callisto Network Project which will result in a 1:1 CLO airdrop for ETC holders. This isn't a hard fork as Callisto is going to be a new blockchain (with CLO as the native currency) which has been developed to test experimental protocols, possible scaling solutions and set up a governance system which incentives both miners and coin holders. A cold staking protocol that rewards coin holders for being network participants will all of them to earn interest without having to validate transactions. The consensus will continue to be achieved via Proof-of-Work (POW).
Callisto Project aimes to solve these specific points outlined below:
FIRST: Currently there isn't an incentive for coin holders to continue to own coins which is increasingly more important for "store of value" currencies.
SECOND: Interes and influence in the network are not balanced. The balance is strongly biased towards miners.
THIRD: There is a lack of governance system. Cold stalking protocol will serve as an intermediate step for governance system implementation.
What is a crypto airdrop?
A crypto airdrop is when a blockchain project distributes free tokens or coins to the crypto community.
To be a recipient of an crypto airdrop often the only requirement is that you have coins from the relevant blockchain stored in your wallet. Examples of this format of airdrops are Byteball, Stellar lumens and OmiseGo.
Other crypto airdrops require social media posts or you need to contact a member of the team on the Bitcointalk forum. These projects use an airdrop as a marketing campaign.
The format of these crypto giveaways is usually like this: At a pre-announced time the project behind the event will take a ”snapshot” of the blockchain, and anyone holding Ether or Bitcoin at that point will receive a certain number of free tokens. This can also be done on other blockchains, but Ethereum and Bitcoin are the most used for this airdrop format.
For ongoing information about ICO drops visit:
https://www.icodrops.com
Please note:
Historically when coins fork they run up the most three days before and drop and then retrace 3-4 days afterwards as holdings are sold off. Some wallets and exchanges support airdrops and forks so knowing if your position is covered is prudent in order to receive the duplicate coin.
I hope this helps clarify these two upcoming events. If you have ideas, contributions, more information please comment below. And as always if you learned something I'd appreciate an upvote.
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://airdropalert.com/
Coins mentioned in post:
Regarding CLO airdrop. Does ETH coin holders also get the drop?
NO that is a different token