Understanding ICO, Bounty and AirDrop In Crypto Coin

Initial Coin Offering / ICO

ICO is a fundraising effort to build applications related to Blockchain and its implementations such as cryptocurrency, bitcoin, smart contract and smart ledger. ICO offers a number of tokens to investors who are rewarded with Cryptocurrency such as Bitcoin.

These future tokens are expected to be of high value, depending on the success of the application developed by the ICO operators in solving business problems.

These coins are referred to as tokens and are similar to shares of companies sold to investors in Initial Public Offering (IPO) transactions. If the money collected does not meet the minimum funds required by the company, the money is returned to supporters and the ICO is deemed unsuccessful. If the funding needs are met within the specified time period, the money collected is used either to start a new scheme or to solve it.

The appeal that many people want to invest in ICO is the high price spike in ICO coins / tokens later on after the coin / token is included in the cripto exchange / exchange exchange.

One notable example is that at the beginning of its launch Ethereum offered ICO at a price of 1 ETH = $ 0.311 and currently it costs $ 684.06. The hike is fantastic, but please note that not all ICOs achieve success like Ethereum.

Fundraising through the Initial Coin Offering or ICO initiative by start-ups has become increasingly evident, Ethereum's success as a criptocurrency launched in 2015, ushering Ethereum into the second largest crypto coin after bitcoin.

To see which Startup organizes ICO
http://www.icocountdown.com/

The Initial Coin Offering (ICO) concept is the same as the Initial Public Offering (IPO) concept, which is the sale of company's share ownership to the public, possibly in the future blockchain technology will displace the IPO exsistence that has been used for hundreds of years.

For investors looking for information on which blockchain startup can potentially go to http://icorating.com/

The difference between ICO and IPO is when buying the token of prime on ICO the prospective buyer can interact directly without going through brokers / stockbrokers and almost or no fee / commission paid, so the existence of this technology can be a scourge for some people because feared technology will replace the role humans are replacing their jobs.

But if technology can help ease and effective efficiency, compared with the old pattern, it is assured to be fast or sluggish everyone will choose an easier way.

Understanding AirDrop

AirDrop is a kind of giveaway that is used as a promotional tool, AirDrop participants are usually required to perform certain tasks as a condition to obtain a number of Cryptocurrency Tokens, for example the task is like social media or create a video presenting the AirDrop organizer company.

Reasons or purposes that allow airdrop to occur, ie when there is a fork in cryptocurrency or the launch of a new network. An example is Bitcoin users get Bitcoin Cash, and Ethereum users get a Ethereum Classic token equal to the value stored on their original wallet. Further examples include ETC holders who are rewarded with CLOs with the emergence of Callisto blockchain or NXT holders who receive IGNIS tokens after the sale of IGNIS tokens.

Another Airdrop goal is to increase marketing on ICO: team or company developers handing out free tokens to attract attention during their ICOs, and to increase the value of investments in their tokens. Airdrop is also often used in the launch of new crypto currencies. For the lure, that is, Airdrop is used as something to persuade potential investors and get people excited, to buy the new coins.

If you are new to the world of crypto, you may wonder in the heart: "Why should they give you money or coins for free? It's probably a scam, what's a free coin or a free coin? Well, in 99% of cases, if they offer money free, it's probably a hoax ".

However, you must understand two important points here:
Token / Coins without community are useless. People should use it also have it.
Airdropping, providing free tokens / coins will make many people talk about the project and it's a great way to make cheap publicity.

What if tokens are sold all without being partially free? could be but on the other side a lot of money to be used for mass publication in the internet media.

Let's say Airdrop is a free tokens / coin sharing program. If interested in AirDrop, can write comments below, ntar admin helpin join Airdrop.

Some of the Famous Airdrops that ever existed:
Bitcoin Cash is given to all Bitcoin holders in August 2017. (Its value is equivalent to $ 1,085.06. On 08/03/2017)
Omise halves their OmiseGO cryptocurrency to the Ethereum holder in September 2017. (The value is equivalent to $ 14.55. On 08/03/2017)
Polymath recently distributed 250 POLY per person in the airdrop project, (The value is equivalent to $ 167. On 08/03/2018)

Understanding Bounty in the world of Cryptocurrency

Bounty in English means the prize money or other items an organization offers for the arrest of someone or something,

Actually bounty is a term for gifts in the world of online games, this term is borrowed from the game but slightly different in terms of application. Blockchain and cryptocurrency provide a new way of exploiting bounty mechanisms through smart contracts.

In the world of cryptocurrency, bounty is one of the marketing strategies to provide as much market penetration as possible. That way, many people know the company, what they offer and how to interact with their products and services.

Bounty is usually done to help word-of-mouth advertising before and after the implementation of ICO, which aims to increase sales. It has become a tradition of ICO cryptocurrency campaigns that incorporate either before-ICO or post-ICO bounty programs, but is generally not done when ICO takes place.

Bounty activities prior to the ICO to be performed by the participants generally include: like share and comment on social media accounts of ICO organizers, write articles on blogs, create videos, post Signature Bitcointalk, create memes and so on.

On bounty after the ICO, among others: translate all documents related to cryptocurrency project and moderate various forum groups, including translating the content of cryptocurrency website, such as white paper, reporting software bug or cryptocurrency platform, etc.

Bounty participants will get rewards in the form of tokens / coin crypto, which amount depends on what the participant is doing during the bounty program. In general, bounty organizers share their token / coin with a percentage of the total supply of coins for bounty programs. Information on this amount can usually be found on the website or in their white paper.

Bounty can also to catch cyber criminals
Bitcoin Bounty Hunt is a service that lets people anonymously collect resources to catch criminals in cyberspace.

Prizes that are integrated into the Blockchain application appear as a mechanism to monitor all forms of cybercrime.

Hackers are the first digital criminals targeted by bounty. This is the result of the resentment of the Bitcoin merchants that Bitcoin account and his email was hacked. Soon after that websites like Bitcoin Bounty Hunter appeared, offering BTC gifts to people to find crypto currency thieves.

The intelligent contract structure enables innovative ways to monitor cybercrime. hacking is the most common and fastest growing field of crime in cyberspace. Piracy has harmed the multibillion-dollar entertainment media industry, is one of the many areas in which bounty is applied.

The bounty hunters will get rewards when they expose digital media that distribute pirated content on the web or blog. The copyright owner will give a gift of bitcoin When an individual finds pirated content on an archiving sharing site, a Bitcoin gift will be given to the bounty hunter.

Bounty bug hunters who find "gaps" in software code to prevent hacking. The Bounty Ethereum program, for example, has played an important role in the development of safer blockchain Ethereum. It manages to find and maintain security and other shortcomings.

To see an example of ETHEREUM Bounty Program you can go to https://bounty.ethereum.org/ (bounties for bugs)