Blockchain 2.1: Cryptocurrency Airdrop, and Initial Coin Offering (ICO), What you should know.

Cryptocurrency.

Blockchain is simply a decentralized, distributed ledger technology that records the provenance of a digital asset consisting of records called blocks that is used to record transactions across many computers so that any involved block cannot be altered retroactively, without the alteration of all subsequent blocks. In other words they are like chain linked together.

Cryptocurrency Airdrop.

An airdrop, in the cryptocurrency business, is simply a marketing stunt that involves sending coins or tokens to wallet addresses in order to promote awareness of a new or upcoming virtual currency. Often times, developers send small amounts of the new virtual currency to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent by the company issuing the currency. This is often done merely for advertisements or promotional purposes only. Though some persons often use that as a means to raise more money for the upcoming project.

Initial Coin Offering (ICO)

An initial coin offering (ICO) is the cryptocurrency industry’s equivalent to an initial public offering (IPO) in corporate world. It’s like a call for members to buy shares of a company. A company looking to raise money to create a new coin, app, or service launches an ICO as a way to raise funds. Interested investors can buy into the offering and receive a new cryptocurrency token issued by the company. By this, the money staked is then used for the venture and dividends gotten would be shared to all IPO or ICO ( Cryptocurrency world) stakeholders as the case maybe.

What you should know.

A legitimate crypto airdrop never seeks capital investment in the currency. Its aim is purely promotional. On other hand, some crypto scams are plenty which involve sending some malicious files to hack into your account or swindle your money. So be very vigilant and consult widely. You may as always send an email to IYKEMAN for any digital related enquiries for Free.

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Published by Iykeman

Iykeman Online is a one Stop Blog. We are for education, enlightenment, and advice on all ranges of issue. We also carry contemporary National, Regional and Global trends. We are for media and celebrity news and sports.

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