Vicki Joseph
Contributor
Here we go again. Companies issuing tokens are trying any way they can to circumvent securities laws. The new and fashionable way to run an ICO is to sell the tokens to a small group of whales ($1M or more in crypto assets) in a private sale without any disclosures to the public and then airdrop a boat load of tokens later to anyone who signs up to a Telegram group.
The real goal of the airdrop is to create a large group of token holders to better facilitate listing on exchanges and create more liquidity. Exchanges love that and are more likely to list a token held by 10,000 people than by 100 investors.
There is even a new website to aggregate all of the airdrops. The party is just getting started. Millions of crypto investors are going to get millions of free tokens just for signing up to a website and becoming a proud member of a new group they actually do not necessarily care about.
Get details at- https://hackernoon.com/are-airdrops-security-transactions-7cfc55e64a15
Join us on telegram here for more- https://t.me/mosaicnetwork
The real goal of the airdrop is to create a large group of token holders to better facilitate listing on exchanges and create more liquidity. Exchanges love that and are more likely to list a token held by 10,000 people than by 100 investors.
There is even a new website to aggregate all of the airdrops. The party is just getting started. Millions of crypto investors are going to get millions of free tokens just for signing up to a website and becoming a proud member of a new group they actually do not necessarily care about.
Get details at- https://hackernoon.com/are-airdrops-security-transactions-7cfc55e64a15
Join us on telegram here for more- https://t.me/mosaicnetwork