Author Topic: How I made $600 out of nothing: A quick reminder that this market makes no sense  (Read 304 times)

0 Members and 1 Guest are viewing this topic.

Online admin

  • Administrator
  • Hero Member
  • *****
  • Posts: 2036
  • Karma: +0/-0
  • Gender: Male
    • View Profile

Advertisement:You Need a JOB now? Click HereOR here for NEWS

Join us on Telegram via this link

By toSaturnAndBeyond

So about a week ago I received an AirDrop of a meme coin, for those who watch Silicon Valley it's the PiedPiper Coin. It's an ICO in the TV Show that a company launch, so for the fun a team of people decided to launch this coin as an ERC20 token, in real life. No ICO, just an AirDrop to early users, 750 coins (max supply 10M).

Their website (that they literally launched an hour ago):

Anyway, I received the coins about a week ago. The 750 coins were worth $30 at the beginning.

Today I just sold them for a whopping 0.85 ETH. I just sold a coin made out of nothing for 0.85 ETH. How, HOW.

Anyway, if your top coin isn't up 40% despite being awesome, remember that this market doesn't make any sense (for now at least).

The answer below is from a reddit user...continue reading

Typically you just sign up with an Ethereum address and your info. Info can vary but ultimately the contract distributes the tokens to each participant

You just need to follow up coming ICO's and look out for mentions of airdrops. Some do them and some don't.

Some air drops are done based on you being a holder of a particular token.

You also have lots of web sites trying to list all up coming air drops these days. Just google "up coming air drops" and I am sure you will get a few hits.

One thing I would say is while you can make some money on this sort of thing the bulk of them end up being pretty rubbish. I personally just ended up with a lot of shitcoins in my Eth wallet.

A concern I had as well is lots of these things are introducing quite extensive KYC and you have to wonder just who it is sometimes you are providing all these details too. The allure of free stuff should not out weight concerns about giving away too much personal information. Often the details we end up giving out for KYC are exactly the sort of details required for someone to carry out identity theft.

....the above is the opinion of the writer.