Connect with us

Blogs

Millions of Dollars of Free MFT Tokens are Raining on Europe This Week

Published

on

Airdrop
READ LATER - DOWNLOAD THIS POST AS PDF

Famous for creating the world’s first literal airdrop in New York, decentralized messaging company Mainframe are touring Europe with millions of dollars worth of MFT tokens to give away. Tonight, excited participants will gather near Liverpool Street Station in London to let hundreds of token-filled balloons fall from the sky above their heads.

From Paris With Love

Last night, Mainframe hit the streets of Paris and organized a pop-up airdrop right in front of the Eiffel tower. Then on June 25, their supporters arrived at a space that held hundreds of balloons filled with tokens for participants to redeem for MFT. Towards the end of the event, the balloons were released and the crowd swept up the free tokens. Each token held a value of 0.1, 0.5 or 1 ETH.

Mainframe tweeted: “HELLO PARIS!  Who wants some $MFT? We’re doing a pop-up Airdrop TONIGHT! Meet us at Avenue Joseph Blvd in front of the Eiffel tower between 9:00 & 9:15! We’ll be the ones wearing Mainframe shirts.”

Why are they giving out so much? Look at DFINITY, which held the largest airdrop of $35 million because they didn’t want to be at risk of a securities violation. Cryptocompanies are worried that performing an ICO may amount to running an unregistered security and they don’t want their products to be at risk in that way. Hence, Mainframe is airdropping their tokens across the world. As they put it: ‘Aliens or asteroids can’t stop this.’

Their philosophy is to perform a worldwide ‘crowdgift’ of tokens, called ‘Proof-of-Being’. They aim to fulfill airdrops in 25 cities across the world. By spreading their tokens freely, without taking payment they will ensure that the distribution of tokens is widespread. Unlike major cryptocurrencies which have the majority of their wealth held by a few individuals, these tokens will really be owned by the community.

London: ‘Bigger and Better’

Tonight, Mainframe is set to do their magic in the world’s financial centre as London sweats in a rare heatwave. In an event near London Liverpool Street Station, they will again deliver a rewarding event. Rules are only one token per attendee but it’s anyone’s guess how they enforce that.

Mick Hagen, CEO of Mainframe, told Global Coin Report: “These airdrop events are a way for us not only to engage our community but also raise awareness around a larger issue: the need to protect every individual’s rights to privacy and freedom. There’s a perception that the majority of people in the crypto business are here to get rich quick — we are the exact opposite”

The event description said: “If you haven’t been to an event yet, these ones will be bigger and better. We’re taking the events to another level. Europe will be HUGE. With TGE imminent, this is a great opportunity to participate in our CrowdGift and join Mainframe and it’s mission. Privacy. Freedom. Surveillance-resistant communication. As a community, we will bring this to the world.

Amsterdam: ‘Venice of The North’

After London, the Mainframe team will be heading to Amsterdam to run their next airdrop event the following day on June 27. Held at a historic hotel in the centre of the city, they will replicate their iconic MFT distribution while spreading awareness of cryptocurrencies in northern Europe.

Mick Hagen, CEO and founder of Mainframe will be speaking at the Blockchain Expo in Amsterdam earlier on the same day at 4 pm. His talk will be about how Mainframe can be used to protect data from hackers, censorship and other bad actors. He will also criticize companies who ‘auction off’ user data.

A preview to the talk said: “Today’s internet is a candy store for unwanted third parties and bad actors, with shelves restocked every second to feed a binge that’s never enough. Never enough for a surveillance leviathan that slurps up every stream of information — every word digested, every bit analyzed. But technology is biting back with an opportunity to unseat the bloated monarchs who lord over the web today.”

Mainframe Defends Free Speech

In response to crackdowns on free speech by journalists and citizens in the US and Turkey, Mainframe decided to support Edward Snowden’s Freedom of the Press Foundation. They made the first crypto donation to the organisation of 1,000 ETH ($548,000 USD) to support the non-profit foundation.

Mick Hagen, CEO of Mainframe, told Global Coin Report: “The success of our live airdrops and crowd engagement campaigns are a demonstration of our community’s commitment to protecting these fundamental human rights.”

On June 25, the foundation announced it would support cryptocurrency donations in Bitcoin, Bitcoin Cash, Ethereum, Litecoin and ZCash. It will also be adding Monero to the list. They will use the donation to provide information on the number of press freedom violations in the US.

Mainframe wrote that the donation “stems from the mutual goal to fight not only for a free press, but for a free people in a digital age: free from the chains of censorship, free from the tyranny of unchecked surveillance, and free to use our data how we want.”

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Elite