Blockchain wallet will help blockchain projects with token distribution
Blockchain will help
The developer of the popular cryptocurrency wallet Blockchain (formerly Blockchain.info) said that the free distribution of tokens (airdrop) has positive consequences not only for individual users, but also for the entire cryptocurrency ecosystem. In this regard, he decided to launch a program that will help blockchain projects distribute tokens among users.
In the new White paper, the company claims that users often face certain problems that are associated with the acquisition of tokens or participation in the ICO. At a minimum, it is necessary to have a certain amount of funds, and in some regions there may be problems with regulators. To obtain cryptocurrency using mining, you must have certain technical knowledge, as well as the risks associated with fraud.
Supporting this idea, the company announced its new program Blockchain Airdrops, with which the creators of cryptocurrency will be able to enhance the network effect, and users will have convenient access to free new tokens.
“We believe that distributing tokens is an excellent solution for improving network decentralization without the investment risks that are inherent in ICO and the difficulties associated with mining,” said Marco Santori, president and head of the legal department of Blockchain.
The document also states that the distribution of tokens should be directed to the maximum possible number of users, and projects can achieve this by taking part in the initiative.
Conditions for projects
To participate in the program, the project must provide free distribution of tokens that have an appointment. The organizers are also responsible for the process of transparent distribution and the absence of manipulations in the distribution process. In addition to the above conditions of participation, Blockchain will also take into account a number of other factors, including the technical skills of the team, its activity in the network and community, and compliance with regulatory requirements.
“Over the course of history, we have seen the mixed success of the airdrop. We decided to take effective elements of the process, eliminated the inefficient and added an element of innovation. With the help of the work done, it was possible to formulate fundamental principles, ”said Santori, adding that the company is currently considering several projects that will be able to participate in the program.