Money to the Wind
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Main page Opinion, Ethereum, Bitcoin

Blockchain requires decentralization. The latter, in turn, requires an effective network — the more people use a product or a service, or in our case the cryptocurrency — the cooler it is. This thesis is trivial and was confirmed by both expensive advertising campaigns of cryptocurrency projects and their world tours. But whatever actions the market leaders take, the easiest way to provide citizens with new currency or tokens is simply to distribute them, absolutely free of charge, or for a simple set of actions.

For the end user, there are several ways to become a happy owner of digital assets. The most obvious way is to simply buy into it. Numerous exchanges and bureaus offer goods for every taste. From traditional currencies like bitcoin and ether to exotic tokens that have just appeared in free circulation. But this still requires an initial investment. For the money - every fool can do that. Better do it 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, the pioneers used home computers — extracting cryptocurrency on available capacities. With bitcoin, such a focus is no longer plausible - this currency is rather expensive to mine, and due to the exchange rate, it is not very profitable. The dominance of ASIC miners for industrial production led to the fact that many ordinary users were left out. Many cryptocurrencies have then switched to GPU mining in order to preserve the ability to mine cryptocurrencies on home computers. Such currencies include electroneum, zencash and now monero.

For many years, before the ICO boom, the easiest way to get bitcoin was the Crane - a script that transfers a small amount of Satoshi or other trivial crypto’s, for performing simple actions like solving a captcha or watching an advertisement. You should not count on untold wealth from this, but you can get some coins. This is especially true for altcoins, with the help of numerous cranes, you can get bitcoin cash or a dogecoin.

Finally, the main way to get all participants interested are the bounties and airdrop. Bounty - distribution of tokens for committing any actions, has become a familiar element of any ICO. For simple actions, such as likes on a social network, retweets or providing feedback on the forum - you get project tokens. For creators, this is a cheap way of marketing - you have to pay for the actions of users, but not in cash, rather with a currency that has appeared from nowhere. Airdrop is a free scattering of tokens or currencies, almost randomly. In general, its an easy way to both distribute and receive a cryptocurrency.

One of the most popular services is earn.com, where you can get bitcoins and tokens from a variety of projects, for such things as subscribing to Twitter or going through the KYC procedure, all the things that can be used to quickly create the appearance of a large community. There are more than enough people willing to click, like something on a social network for an extra dollar. For those who want to get access to the audience that uses the service - is a paid extra. But for all the crypto enthusiasts this provides an easy way to make money and get tokens. However, it is not worth counting on big earnings from the latter, market statistics work against the givers here, at best every tenth does end up coming to the exchange, but only one in a hundred can eventually become an adopter.

When it comes to the free distribution of magical elephants, things are not as simple as they may seem. The most banal, that which is received for free is no longer appreciated. The audience - participating in the bounty programs and numerous airdrops - is not the best in terms of investment. With the exception of a small percentage of curious experts - for the most part, these are the laymans and inhabitants of the third world countries, where potential earnings of a few dollars may actually have some meaning.

There are also legal issues related to this process. Before U.S. SEC came into play, it all seemed impossible, but today, if we are talking about the token, which is the equivalent of a security paper, then its free distribution, especially to U.S. citizens, is now fraught with a number of legal subtleties. You can’t just start distributing money - you need to be a registered payment system. For a small technology startup that is not realistic.

Today, there are thousands of cryptocurrencies, tokens and other digital assets recorded in the blockchain, and despite the fact that many of them are dead, a better alternative is on its way. After the injury inflicted to the ICOs during the previous season, it is becoming increasingly difficult to attract funds, but new assets will still arise out of nowhere and they may not amass any real value

The oldest wallet providers may become the main players in this field. Blockhain.com is already discussing this possibility with the market, and Coinbase with its recently introduced wallet for storing ERC-20 tokens and starting to trade with them. Today, the internet is not really in our phones or computers, network penetration is so large that it can be argued that the internet is in the air. And now the money is there too.

We only need to think of a way to catch it.

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