Problems of Cryptocurrency Airdrop
Michael J. Casey, chairman of the CoinDesk Advisory Committee and adviser to MIT's blockchain research initiative, said in a post on the CoinDesk blog:
"A currency is nothing if it is not widely used. And that can’t be achieved unless people make some cost-incurring effort to encourage widespread usage
The ongoing Cryptocurrency Airdrop contains the following issues.
1. Bitcoin or Ethereum, commonly used as an Airdrop coin, has become too large due to rapid price increases. This is one of the factors that decrease users' interest in Airdrop Events as their attractiveness decreases as Cryptocurrency Airdrop Coin with relatively low variability. This also leads to an unsatisfactory situation for foundations that use Airdrop as a marketing tool.
2. When Airdropping its own new issue other than Bitcoin and Ethereum results in unnecessary consumption, including expenses for listing and transaction support of the new issued Coin. In addition, in the worst-case scenario, the listing of Airdrop coins on the exchange is indefinitely extended, which results in users losing confidence in Airdrop Events.
3. Incidentally, Airdrop Events are currently being carried out in a narrow-minded manner, not through platforms or communities that can be shared by everyone. This deprives users of the opportunity to obtain information and reduces its efficiency for foundations hosting Airdrop.
Therefore, through the issuance of One Airdrop coins, it aims to create a Cryptocurrency Airdrop that can satisfy both the user and the foundation by recharging new vitality in the Cryptocurrency Airdrop field.