Hacker Timesnew | past | comments | ask | show | jobs | submitlogin

Unfortunate for all the early investors of Confido. Ink announced on their blog that they will airdrop Ink tokens for all current Confido token holders (as of 11/20/17 1:30pm PST). https://medium.com/@PayWithInk/ink-airdrop-for-confido-token...


what does airdrop mean in this context?


You get tokens deposited to your address, free. It's one of the cool things about cryptocurrencies, people can just give you random monies without your approval.


if the airdropped token is a security token, then it's illegal. And since this a gray/developing area every token has a high chance of being classified as a security token.

This also may result in unwanted tax and other liabilities on the receiver's side.

It's a flaw in Push payments design. Either receiver need to confirm tx or use a design based on Pull payments.


For cryptocurrency context, it means to deposit tokens into the Ethereum address for free.




Consider applying for YC's Summer 2026 batch! Applications are open till May 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: