Top Airdrops You Should Look Out for in December

Airdropping might conjure up images of huge planes parachuting supplies. However, in the crypto field, this term is the 21st-century equivalent as it involves gifting token holders free additional coins.

It’s no wonder that some think of crypto airdrops as money falling from the sky. Holders of a token (stored in a wallet) are usually eligible for airdrops and receive additional tokens, without any associated fees or costs.

With December just around the corner, here are some of the best airdrops you should check out in the last month of the year:

Storm (STORM) – 07 December 2018

Storm is a very exciting blockchain project that aims to create opportunities for people around the world to earn cryptocurrency rewards by performing gamified micro-tasks. In short, Storm aims to become one of the most important global markets of gamified micro-tasks. The more tasks one completes, the more money he or she can make.

The platform provides a smart contract-powered and protected link between Storm Markers and Storm Players. The Storm Markers offer micro-tasks, and the Storm Players have to execute them. The platform’s token is an ERC-20 crypto token on the Ethereum blockchain and is specifically designed for gamers, game platforms, advertisers, and machine learning companies.

For 2018, the crypto company scheduled four airdrops, or Storm Drops, the last of which takes place on December 7th. The airdrop is for unsold tokens, and it’s meant to encourage wider mass adoption. For more details, make sure to keep an eye on the project’s Blog.

Crypto.com (MCO) – 07 December 2018

Crypto.com Chain is a very interesting native blockchain project that aims to increase the power of cryptocurrencies by helping boost adoption on a global scale. This will enable instant crypto transactions and will allow anyone to pay and be paid in crypto, anywhere in the world.

The Crypto.com Chain has announced on November 20th that for every 1000 MCO held at December 7th. The CRO tokens airdrop targets all MCO holders who have tokens in the Crypto.com app wallet. CRO tokens airdrop for MCO’s holders in Crypto.com Wallet &  Card App.

More information about the Crypto.com Chain CRO token airdrop can be found on the website.

Substratum (SUB), Amplify Airdrop – 15 December 2018

Substratum is an open-source, blockchain-powered network that aims to make the Internet a “free and fair place” by allowing users from all over the world to allocate spare computing resources. Everyone running a Substratum Node gets paid via cryptocurrency each time a specific type of content is served.

All SUB token holders can earn Amplify tokens. Amplify relies on the Substratum product. Substratum token holders will be airdropped almost 60 million AMPX tokens (20 M AMPX tokens per phase). Users have the option to qualify for three airdrops, the first of which will take place on January 15th, 2019.

To be eligible for the airdrop, users must have placed SUB tokens into a non-exchange wallet and held there until the date of the first airdrop on January 15th. The amount of tokens received is based on the amount of SUB you own against the calculated Public Total Supply. For more information, users can check out the following YouTube video.

Darico Ecosystem Coin (DEC), DAREX Snapshot + Airdrop – 27 December

Darico has just launched its third product, DAREX, a hybrid-community-owned digital asset exchange, designed to simplify digital asset trading and investment. According to a recent blog post, the launch will be accompanied by an airdrop which provides all DEC token holders the possibility to receive DECS on a 1:1 ration.

To be eligible, users have to hold their DEC tokens in any Ethereum compatible wallet (not an exchange wallet). On December 27th, DAREX will make a snapshot to determine how much DEC each user owns. On January 10th, 2019, users will receive DECS tokens, which are ERC-20 tokens, as a proof of ownership of your DECS. When the exchange launches, users have to deposit their DECS. The final step involves users getting verified in order to swap their DECS (ERC-20) with the new DECS (ST-20 tokens).

Pundi X (NPXS), Monthly Airdrop – 31 December

Pundi X is a new-age blockchain project that aims to transform the retail business through the implementation of blockchain-based PoS solutions. Pundi X aims to make spending crypto as easy.

Pundi X has a monthly giveaway mechanism whereby tokens are freely “dropped” to a user’s wallet. All the Pundi X token holders are eligible for this monthly giveaway till January 2021. In order to be eligible for the airdrop, users have to hold PXS tokens in a wallet for which they own the private keys.

For more details, users are advised to check out the official blog post from February 15.

WePower (WPR) – 31 December (or earlier)

WePower is a blockchain project with a strong focus on disrupting the renewable energy industry. It aims to developers to raise capital by selling their energy production in the form of tradeable Smart Energy Contracts.

According to the WePower’s roadmap, there will be a December distribution of donated energy to all token holders.

WAX (WAX) – 31 December (or earlier)

WAX, short for Worldwide Asset eXchange, markets itself as being the safest and most convenient way to create, buy, sell, and trade virtual items. This free peer-to-peer trading service is designed to help anyone to trade a wide range of items, from game codes and video game skins to physical items like electronics.

Holders of the original token will receive the new token and keep their existing ERC-20 token.

All token holders should be excited as the company just announced that it would be issuing new custom blockchain tokens in 2018. The end of 2018 will also mark the final version of the token. Hence, holders of the original token will receive the new token, while also having the possibility to keep their existing ERC-20 ones. For more information, users can read the official blog post.


Source
Author: Vladimir Ciobica 
Image Credit

 

Keep Away: 5 Toxic Crypto Opportunities to Avoid

The idea of quick gains in crypto has created situations where greed has led to losses.



Pink Wojacks – a meme signifying despair, helplessness, and stupidity. In the world of crypto, the memes arrive shortly after a catastrophic loss, breaking all hopes for a lucrative outcome. The Confido ICO, the ZClassic pump and crash – all those situations show that crypto remains risky.

But there are situations where the risk is heightened, and the opportunities are highly toxic. Here are the top 5 crypto chances to avoid:

Hard Fork Mania: This one did not pass up Bitcoin, which rose to one of its price peaks, then fell in August 2017, around the time of the Bitcoin Cash hard fork. But smaller coins that promise a fork are just as risky. For some reason, even the mention of a hard fork sometimes raises the price – even if no one receives a new asset, and the hard fork is just a software update. If a coin is too noisy about its hard fork, promising huge improvements, it’s better to wait out the hype.

Mainnet Hype: Many projects in the past year went through a phase where they existed as an ERC-20 digital asset. The launch of their own staking or mining protocol was seen as a huge event. And in the case of TRON, or EOS, it was indeed a big event. But for projects like DADI (DADI), the mainnet launch did very little to revive the price. The SONM (SNM) project also saw no significant price effect. But in some cases, the expectation of a mainnet launch or a token migration may see the price rise disproportionately. There is no guarantee that an asset would be worth more with its own network – so be careful when choosing a coin or a token based on the promise of a new blockchain. Bitcoin launched its chain in obscurity, and did not make a fuss about its Genesis block. And in the case of Oyster Protocol (PRL), the delayed mainnet launch added to the general price drop.

Airdrops Alerts: Everyone loves free coins. Buy one, get one free. But is it worth it? Snapshots, high expectations, and an asset for free – what’s not to like? However, in the case of the SuperNet (NXS) and Ardor (ARDR) snapshots, the price tanked right after snapshot day. NEO also tanked after the Ontology (ONT) airdrop. Also, one project can do a limited number of airdrops before losing credibility. Now, the DAPS Project promises an airdrop to PeepCoin (PCN) holders, after canceling the asset swap. But the PCN price tanked again to 1 Satoshi, losing half its value after one short-term final spike.

Hope to Pump: Some crypto traders are straightforward – they are looking for coins with regular pumps, because activity means short-term profits. However, for the new buyer, this may be the worst kind of investment. Pumps may be slow to come, or, as it happened recently, the bear market weighed heavily on prices, and pumps were not as powerful. Choosing a coin that has a history of pumps may mean its price can also tank without the artificial price boost.

Just an Overhyped Coin: If a crypto asset promises to solve all problems of older technologies, bring world peace, and cure all disease, be skeptical. Especially if there is a talk of a new economic ecosystem involved – those may be a cover for a Ponzi scheme. Projects like Centra (CTR) came with a bit too much enthusiasm. Davor Coin (DAV) also had a similar story of promising incredible results. But there are no guarantees in crypto – and a lot of coins are riding on the hype of the late 2017, making newcomers believe this time it would be different.

In fact, solid projects take years to prove themselves, and not one promises immediate returns. So if a coin has an overactive social media campaign, and seems to be shilled too much on Twitter, it’s a buyer beware market. At best, such an overhyped asset can be volatile, like LINDA (LINDA), which saw recent promotions on social media. At worst, it can lead to a speedy crash, as in the case of SkyCoin (SKY), which was beset by scandals and the overhyped market price sank fast when a coin theft and dumping surprised all the hopeful backers.

While all of the above events have created some legitimate gains, relying on those milestones may sometimes lead to losses, as coins and projects sometimes overpromise and underdeliver.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author: Christine Masters
Image Credit

Don’t forget to join our Telegram channel for Crypto, Business & Technology news delivered to you daily.