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. (MCO) – 07 December 2018 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 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 app wallet. CRO tokens airdrop for MCO’s holders in Wallet &  Card App.

More information about the 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.

Author: Vladimir Ciobica 
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Crypto Exchange Coinrail Reopens With Offers To Recover 11 Cryptocurrencies

South Korean exchange Coinrail has resumed service after it was hacked last month. The exchange has offered users some options to recover their cryptocurrencies. Eleven cryptos were stolen, some of which have been fully recovered and are now available for trading and withdrawals. However, some coins were not recovered.

Services Resumed

Coinrail reported that it was hacked on June 10 with an estimated damage of about 45 billion won (~US$40 million). The exchange suspended trading after the hack as it tried to recover lost coins. Coinrail resumed service on July 15, announcing:

“We have completely revamped the existing security system that exposed the vulnerability, and have upgraded the overall security level.”

The cause of the hack was not disclosed by the exchange when it resumed trading, Sedaily noted. “KISA [The Korea Internet & Security Agency] is in the process of finalizing the investigation, but it is still being analyzed, and details of the incident cannot be disclosed,” the news outlet quoted a KISA official saying. Coinrail claims that its new security system “complies with KISA security guidelines.”

11 Cryptocurrencies Affected

A total of eleven cryptocurrencies were stolen, Coinrail revealed. They are dent (DENT), tradove b2bcoin (BBC), ether (ETH), jibrel network (JNT), bitcoin (BTC), kyber network (KNC), storm (STORM), tron (TRX), pundi x (NPXS), aston (ATX), and nper (NPER).

Funds in DENT, BBC, and ETH have been fully recovered; customers can start trading and withdrawing them. “Recovery [is] in progress” for JNT, the exchange detailed.

The remaining seven cryptocurrencies have not been fully recovered, including BTC.

Cryptocurrencies that are not stolen or in the recovery process “can be immediately withdrawn and traded,” the exchange clarified, adding:

“The amount of cryptocurrencies that have not been recovered cannot be withdrawn or exchanged until the recovery is complete.”

Recovery Options

The exchange has come up with two recovery plans for the coins that have not been recovered. However, these plans have been criticized as being inadequate.

The first plan is for the exchange to purchase cryptocurrencies directly to recover damages. Coinrail says it will “pay back the unrecovered cryptocurrencies by gradually purchasing the cryptocurrencies with the profit from the service operation.”

The second is for Coinrail to issue its own RAIL tokens to affected customers. “Unrecovered cryptocurrencies can be exchanged at a rate of ‘1 RAIL = 0.72 KRW,’” the exchange noted. However, the price of RAIL “fell about 72.2 percent in about half a day [to 0.2 KRW] after Coinrail officially resumed trading at 8 pm on the 15th,” Sedaily described.

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Author: Kevin Helms
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