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First crypto gifts and what they are worth now
Without real markets or user bases, the first wave of cryptocurrencies required a way to spread. The answer was simple: give the pieces.
The taps, the ardrops and the bizarre promotions put the tokens for free in people’s hands. Now, many of these gifts are ranked among some of the most precious manners in financial history.
6 incredible crypto gifts
From game tournaments to email registrations, the first cryptography projects found creative means to distribute their tokens. Finder.com Share some of the most famous gifts and what they were worth if you had welcomed them.
1. 25 BTC for losing in Starcraft
In February 2011, a Starcraft game tournament offered 25 bitcoin To place the 5th in 8th place. At the time, Bitcoin was worth About $ 0.87 per part, totaling a price of around $ 21.75 at the time. Today, these pieces were worth more than $ 2.8 million.
What did first place received? $ 500.
2. 1,000 XRP just to register
In 2013, Ripple sent 1,000 XRP to 25,000 users who had signed up for its distribution list. At the time, each piece was worth around $ 0.005, so the gift totaled around $ 5. At its top of all time in 2018, XRP reached $ 3.65, which is worth the gift of up to around $ 3,650.
Today, XRP is negotiated about $ 2.99So if you had received the original gift and held your pieces, you would have about $ 2,990. Not a bad turnaround to simply submit your email.
3. Aerial pierce decreed to nearly 3,000 people
A cryptographic On 282.64 DCR was awarded to 2,972 people in 2016, instead of an initial parts offer (ICO). In total, more than 840,000 DCRs were distributed, which was worth more than $ 13 million today.
At its peak in 2021, the value of the DCR was just over $ 250, which means that each air plateau would have owed more than $ 70,000 to its peak.
4. billion taps of taps
When Dogecoin was launched in 2013, taps and lower basins on Reddit doubled users with hundreds, even thousands of Doge. It was a joking motto worth fractions of a penny – or to be precise, $ 0.00056 at launch.
By 2021, 1,000 DOGE were worth more than $ 700 and billions had been distributed, making it one of the most precious “without value” distributions. It turns out that commentary on social networks is not always a waste of time.
5. 35 billion stellar lumens with Bitcoin holders
In 2016, Stellar directed one of the greatest crypto gifts in history. Its first distribution program offered 19 billion XLM to Bitcoin holders. In 2017, it distributed 16 billion others, for a total of 35 billion XLM sent to users.
At the time, the Lumens were almost worthless. At their 2018 summit, they were worth $ 0.94 each, which means that the total large for the two drops would have been estimated at around $ 32.9 billion.
6. 5 Bitcoin free of a tap
In 2010, the developer Gavin Andresen set up the first Bitcoin “tap”, distributing 5 BTC to all those who resolved a Captcha. At the time, it was worth money – essentially free internet money.
Today, five Bitcoin are worth more than $ 500,000, and the value continues to grow. The tap gave nearly 20,000 BTC in total, an amount totaling more than $ 1.2 billion compared to today’s standards.
For comparison, the entire reserves of El Salvador Bitcoin, currently holding 6,237 BTC, are only 760 million dollars.
Why do developers offer parts?
At the beginning of any cryptocurrency, most projects have no users and no value. Gifts, Airdrops and others are a way for developers to stimulate social media threw and new interest.
Giving free crypto is generally cheaper than traditional marketing and revolves around one of the main components of crypto – decentralized property. In addition, if thousands of people hold the room, it looks less like a scam and more like a potential investment.
In short, free tokens transform curiosity into a community.
End
Crypto gifts started as a way to take off projects, but they ended up creating some of the most precious manners in financial history.
Nowadays, most Airdrops are linked to the use of a platform or the maintenance of certain parts, and the era of “free billions” has been over. But the stories of these first gifts remain a reminder that in the crypto, even the smallest quantities can become a huge thing.
This story was produced by Finder.com and examined and distributed by Stack.
