![]() ![]() ![]() Social media campaigns allow the project to become visible to people who would otherwise never recognize its existence. Airdrops are effective due to the endowment effect, a phenomenon in which people will ascribe value to things merely because they own them.īy conducting a bounty airdrop, a DeFi startup can create mass awareness about their project, token sale or pre-ICO with minimal cost to them. The more people who own a cryptocurrency, the more likely it is to become widely adopted and rise in value. Why are crypto projects and ICOs giving away coins for free?Ĭryptocurrencies only hold value because people believe in them and recognize their worth. Other airdrops will reward you for simply holding a specific coin without expectation of any reciprocal consideration. This offering creates a win-win scenario because the company gets free marketing, and you get free crypto. Most of the airdrops that we present are “bounty” drops, which will reward you with tokens for completing simple social media tasks (Joining their Telegram group, reposting on Twitter, etc.). These free distributions are commonly known as airdrops. Many crypto companies distribute free coins to their communities to increase their project’s visibility, increase the circulating supply and stimulate trade. Choose an airdrop and follow the instructions provided to claim free crypto tokens, or vote for your favorite projects! What are airdrops & bounties? We verify and aggregate airdrops and bounties daily to bring you the most recent and profitable earning opportunities. The layoffs, along with other restructuring measures, will bring Coinbase's operating expenses down by 25% for the quarter ending in March - a move that goes against its plan in early 2022 of adding around 2,000 more jobs.Welcome to airdrops.io, a free source that presents the world’s most current and legitimate cryptocurrency airdrops. The layoff, alongside several restructuring measures, is anticipated to cut down Coinbase's operating expenses by 25% for Q1 2023, ending in March. The class action lawsuit came on the heels of Coinbase's announcement that it will reduce its global workforce by 20% and rumors of a possible shutdown of some of the company's operations in other regions like Japan as the product of this layoff. "Based on Defendants' unlawful actions with respect to SGB and FLR, Plaintiff individually and on behalf of the proposed class of all Coinbase customers with accounts holding XRP, Plaintiff seeks declaratory relief that he is the owner of SGB and FLR currently held by Coinbase on his behalf and damages related to losses incurred through Defendants' unlawful conversion of Plaintiff's SGB and FLR," the complaint read. ![]() "In so doing, Defendants have unjustly converted the property of Plaintiff in addition to breaching California's Unfair Competition Law and committing several other tortious acts," it added. "Unlike the largest digital asset exchanges that likewise participated in the Flare Airdrop and lawfully distributed SGB and FLR to its users (such as cryptocurrency exchanges Uphold and Kraken), Coinbase refuses to distribute Plaintiff's SGB and FLR tokens, despite having received them from Flare Network at the time of the SGB and FLR distributions," the complaint read. These tokens were then supposed to be deposited to users' accounts.īased on the complaint filed by the plaintiff, Coinbase refused to distribute both Songbird and Flare tokens even though it received them ahead of the scheduled distribution set on Jan. The Songbird token was scheduled to be distributed first, followed by the distribution of the FLR tokens. HODL LAW CALI, the representative of the plaintiff, alleged that despite its announcement in December 2021, Coinbase failed in its promise to participate in the Flare airdrop event. District Court of the Northern District of California by plaintiff Dallas Woody, accusing Coinbase of failing to provide its users access to Flare and Songbird tokens despite the exchange allegedly agreeing to distribute the airdrop to all XRP holders. Coinbase reportedly failed in its promise to participate in the Flare airdrop eventĬoinbase, a publicly traded company that operates a centralized cryptocurrency exchange platform, was slapped with a class action lawsuit over its failure to issue two airdrops, namely, Flare Network's native token FLR and Songbird (SGB) token, a court filing showed.The plaintiff accused Coinbase of failing to provide its users access to Flare and Songbird tokens.The lawsuit against Coinbase was filed on Jan. ![]()
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