DFINITY and CoinList Set for Historic $35M Airdrop After $61M Fundraising

$35 Million Massive Air Drop Comes From DFINITY And CoinList

A new $35 million air drop has been released by the DFINITY Foundation, which works off the Ethereum platform with a public network and blockchain technology. They have called this airdrop the “largest in history” as they try to step away from the classic ICO sales, making their options available to “hundreds of thousands” of members. While discussing the lack of ICO, DFINITY noted,

“The lack of discrimination between good and bad projects means there is very poor price discovery and, if we run a traditional ICO we might also become guilty by association in many eyes. Furthermore, we fear that a legal and regulatory hornets’ nest has been created, and we don’t want to have our project… distracted by legal problems.”

This airdrop comes from a fundraising round, during which Andreessen Horowitz and Polychain Capital raised $61 million. CoinList contributes to their first airdrop, partnered or otherwise, with Know-Your-Customer/Anti-Money Laundering (KYC/AML) techniques that they have established. It is supposed to let developers start creating their own experiments with the tokens, since the DFN token is distributed over just a large audience.

The target audience is exclusive to non-US residents, and those residents must be currently involved in either DFINITY’s or CoinList’s user database. In a post, DFINITY said,

“We’re blown away with the continued support from our community, and we have used a variety of inputs to determine how DFINITY (/DFN) tokens are to be distributed amongst the community, including community tenure.”

Anyone that is part of the DFINITY mailing list already, as of April 4th, 2018, gets part of the 25 million CHF-valued tokens. If the user joined after that date, they will be part of the distribution that divides up another 10 million CHF-valued tokens. All members will receive a minimum of $100 worth of DFN tokens.

However, they will need to cover the costs of their own KYC/AML processes, which is $9 in tokens. The process will be noted in emails until June 2nd to give consumers the time to complete it, though the deadline is June 8th.

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Coin Market Cap Price Change 24 Hour Volume
BTC $138.65B $7,825.4179 -0.30% $6.67B
ETH $25.87B $243.6278 -2.05% $3.13B
XRP $15.92B $0.3781 -1.71% $562.21M
BCH $7.1B $399.1644 -1.85% $640.73M
LTC $5.46B $88.2620 -1.14% $642.37M
EOS $5.42B $5.9350 -1.31% $711.03M
BNB $4.51B $31.9493 1.76% $287.17M
USDT $2.98B $1.0039 0.39% $6.52B
XLM $2.38B $0.1237 -2.83% $52.37M
ADA $2.03B $0.0784 -2.65% $73.8M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here