Lets see some airdrops ICO's lol
Imagine getting $1,000 just for joining a newsletter.
Well, that's effectively what happened for those that subscribed to Onchain's mailing list early on in the project's lifecycle. The company, which is building a distributed network designed to connect real-world institutions, gave 1,000 of its "ONT" crypto tokens to people who signed up to receive its emails prior to a certain date.
Those crypto tokens were distributed earlier this month and are now trading for a little over $1 per coin, according to CoinMarketCap. As you may have noticed, there was no "sale" involved.
"Ontology just raised a private round and then didn't need to do a [public] crowdsale, so they just airdropped to eager NEO hodlers," Keld van Schreven, a partner at blockchain investment company Kryptonite1, told CoinDesk.