Viuly’s VIU Token Airdrop To One Million Ethereum Wallets Begins, Trading Starts November 19th

Online video solutions firm Viuly is in the process of initiating the beginning phase of its platform launch as it sends out its native VIU tokens to one million Ethereum wallets.

The platform’s team created a snapshot of the Ethereum blockchain on November 5, and with it they identified Ethereum addresses holding between 0.1 to 3,000 ETH as eligible for their so-called automated “airdrop.”

Airdrops are a marketing strategy that startups sometimes use -- it's basically​ ​when​ ​a​ ​blockchain project ​decides​ ​to​ ​distribute​ ​free​ ​tokens,​ ​or​ ​coins,​ ​to​ ​the​ ​community in hopes of shining a light on their platform. Since November 12, the Viuly team has distributed tokens at a rate of 20 VIU for every 1 ETH held in these wallets (capped at 60,000 VIU).

VIU tokens also began trading on popular Bitcoin and cryptocurrency trading platform Bit-z on the 19th of November.

The token distribution campaign is expected to be complete by November 21, and expects to have culminated in a complete distribution of 500 million VIU tokens to 1 million unique personal Ethereum wallets. Viuly is hoping that this strategy maximizes its reach to its potential user base and accelerates the adoption of its video sharing platform.
https://coinidol.com/viu-token-airdrop-to-one-million-ethereum-wallets-begins-trading/