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

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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.”

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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.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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