Sites such as Coinmarketcap lead to market capital being regarded as a value. Accordingly, projects try to appear as high as possible on Coinmarketcap. Not every way has to be synonymous with a good use case or great adaptation.
There are still the undiscovered places on earth, the white spots on the map: In addition to the page two of the Google search results, there are also the places from 101 in terms of market capital. For projects it is unbelievably advantageous in terms of market capital to be among the first hundred places, since you then belong to the illustrious club that makes it into our price index. Also on sides such as Coinmarketcap a first view is thrown at the Top 100, only optionally crypto currencies under ?far ran? can be looked at.
At first glance this makes sense, as it can be assumed from a first glance that crypto currencies with a high market capital have a high acceptance or that the demand for them is very high. If one were to assume that this would be the case, only crypto currencies with interesting use cases or real benefits would be found among the currencies with high market capital. A look at the top 100 crypto currencies is enough to show that this is not the case. In this somewhat cynical guide some of the methods for the crypto variant of the Growth hacking, which are particularly popular for some months, are to be lit up.
Bitcoin news – How many coins would you like?
2017 was the year of the ICOs: https://www.geldplus.net/en/bitcoin-news-trader-review/. This is not affected by the fact that more than 40 % of them have failed so far. The balance sheet for Bitcoin news start-ups is no better either, which neither changes the value of the start-up culture nor puts a stop to the constantly emerging start-ups.
But what will 2018 be? According to the Chinese calendar, the Year of the Dog, whether this means a moon landing for Doge or Dogethereum, cannot yet be foreseen.
Like the other strategies, Airdrops and Forks are of course not an invention of 2018, but there is currently a boom in both phenomena.
One reason is certainly to be seen in the legislation: The regulatory hurdles for ICOs are getting higher and higher. Not every project can afford legal assistance in advance. In addition, the fact that interested parties have to invest money is of course sometimes a barrier. Like many people, they already have difficulties with the cheapest mobile apps (“5 Euros for an iPhone game! That’s too expensive!”), so they are hesitant to invest in projects with only one white paper.
Hard Forks – Profit through Bitcoin formula
But what does it look like in the case of Airdrops? Look here: onlinebetrug.de “You don’t look a gift horse in the mouth” says the bon mot. Accordingly, people like to take part in such possibilities for Free Money – after all, the Bitcoin formula tokens can be sold on any exchange!
This hope is also shared by the token issuer: it is not unusual for tokens to still have a large stake after the airdrop, which earns them a lot of money in the case of a stock exchange listing.
It becomes completely absurd when an Airdrop is started with an incredibly large amount of tokens: A crypto currency, which has a supply of several billion, quickly appears high on the pages like Coinmarketcap after a stock exchange listing.
This accusation can of course also be made against ICOs, especially if a large amount of tokens has been issued and a significant part of it remains in the possession of the project. In both cases, projects that have so far only created an equity token will be given a high rating, which is even further justified by the low price of the token – without looking at variables such as the Bitcoin Price Equivalence.
“Free Money” is also a keyword for another phenomenon: Hard Fork, actually a term for a protocol update that is not downward compatible, is currently only perceived as a chain split – and accordingly many think only of the free money.
Of course, hard forks can make a lot of sense. After all, they even represent an important aspect of decentralized governance. Anyone who always has new ideas for a particular blockchain can quickly propose them to the market. No proposal that is decided centrally, no testnet that is followed by very few crypto enthusiasts at all, but the real world and the real market decide about protocol innovations.
Nevertheless, it is a problem that a kind of crypto equivalent for growth hacking is practiced here as well. Forks that are based on large currencies or adorn themselves with their names use the association