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What is Bitcoin Airdrop (Bitcoin Dividend Scam)?

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What is Bitcoin Airdrop? What is Bitcoin Airdrop? This method of distributing B

What is Bitcoin Airdrop (Bitcoin Dividend Scam)?

What is Bitcoin Airdrop? What is Bitcoin Airdrop? This method of distributing Bitcoin is actually a niche, borderless currency transaction. In the world of blockchain, there are two types: the first is called encrypted digital currency (BTC), and the other is called Ethereum virtual currency (ETH). These cryptocurrencies are owned by an individual or a company and are completely open, verifiable, and non-replaceable tokens.

One type is tokenized securities and stocks on the Ethereum network, such as EOS and ADA. For example, recently we have seen Dash, which is an ERC-20 token similar to Ether, but currently cannot be used for investment or circulation. If you use Ether to pay off your loan, then you will not have fiat currency to buy real estate. So, if you want someone to buy your house, you can sell everything on Bitcoin. The second is software developers like Apple, who have created their own new system. But in fact, many new technologies are not very suitable for selling tokenized stocks, but to provide funding for them.

The third is Bitcoin Cash Protocol, or the so-called smart contract wallet. In simple terms, by deploying smart contract code on a blockchain, decentralization can be achieved. This mechanism is very fair, transparent, and does not charge any fees.

Bitcoin Dividend Scam

According to bitcoinexchangeguide, between February and mid-March 2018, the price of Bitcoin rose from $10,000 to nearly $20,000. However, during the same period, there were rumors that they were responsible for a cryptocurrency dividend scam. Scammers impersonated Bitcoin brokers and claimed to be companies that offer free trading services, promising a return on investment of 10 times to 2,000%. They attempted to convince users to use their funds to pay high commissions and make “double payments”. According to the website, the scammers requested users to hand over their Bitcoin in exchange for cash.

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