AirCoin was originally conceptualised and introduced to mock the frantic madness of the cryptocurrency market. Hence, it was subsequently issued on Binance Smart Chain. Additionally, there is no presence of any private placement or crowdfunding, hence it’s an entirely autonomous community.
As a result, AirCoin has made it simple and easy for anyone to participate in the crypto market to earn cryptocurrency. Accordingly, they have ingeniously merged cryptocurrency with gaming and augmented reality and digital advertising; incentivizing players by accruing rewards functioning as digital assets. Therefore, they enjoy a very enthusiastic community that genuinely enjoys finding & collecting altcoins on their platform.
They originated from a meme coin, but continued to issue more and more products. For example, AirPool (a pool system for mining), AirSwap (a decentralised exchange), AirCash (a cash system for AIR), AirPay(a payment system for AIR) and so on. Therefore, AIR is deemed to be one of the biggest ecosystems in the crypto world.
1 – Add AirCoin(AIR) to your CoinMarketCap watchlist
2 – Follow AirCoin(AIR) on Twitter
3 – Like, retweet and tag 3 friends
4 – Join AirCoin’s Telegram Community
5 – Join AirCoin’s Telegram News Channel
7 – Results will be declared here
The results include a chance of winning upto 14 million AIR Tokens and the airdrop campaign will be live from 8, July – 6, August. Accordingly, AirCoin team is wholly accountable for the nomination and assigning of the assets to the selected winners. Thus, users will be required to execute a series of tasks to be eligible for consideration for the airdrop according to AirCoin’s selection policies. However, fulfilling AirCoin’s selection criteria does not assure or guarantee any form of success. Finally, participating in the airdrop campaign simply suggests that you agree to their policies.
Advantages of Aircoin
- No Tracking
Unless users publicize their wallet addresses publicly, no one can trace transactions back to them. No one, other than the wallet owners, will know how many tokens they have. Even if the wallet address was publicized, a new wallet address can be easily generated. This greatly increases privacy when compared to traditional currency systems, where third parties potentially have access to personal financial data.
- No Transaction Costs
Essentially, by using tokens, users will be contributing to the network, and thus sharing the burden of sanctioning transactions. Sharing the work relatively reduces transaction costs, and thus makes transaction costs negligible.
- AirCoin Cannot be Stolen
AirCoin’s ownership address can only be changed by the owner. No one can steal Bitcoins unless they have physical access to a user’s computer, and they send the bitcoins to their account. Unlike convential currency systems, where only a few authentication details are required to gain access to finances, this system requires physical access, which makes it much harder to steal.
Drawbacks of AirCoin
AltCoins Are Not Widely Accepted : AirCoins are still only accepted by a very small group of online merchants. This makes it unfeasible to completely rely on it as a currency. There is also a possibility that governments might force merchants to not use Bitcoins to ensure that users’ transactions can be tracked.
Digital Wallets Can Be Lost : If a hard drive crashes, or a virus corrupts data , and the wallet file is corrupted, Bitcoins have essentially been “lost”. There is nothing that can done to recover it. These coins will be forever orphaned in the system. This can bankrupt a wealthy Bitcoin investor within seconds with no way form of recovery. The coins the investor owned will also be permanently orphaned.
Token Valuation Fluctuates Frequently : The value is continuously fluctuating pertaining to market forces. This constant fluctuation will cause the token accepting sites to continually change prices. It will also cause a lot of confusion if a refund for a product is being made. Which currency should these tokens be pegged to when comparing valuation? These are still important questions that the crypto community still has no consensus over.
Risk of Unknown Technical Flaws : The crypto currency infrastructure could contain unexploited flaws that could pose as gateways to major and wide scale data breaches and thefts. As this is a fairly new system, if Bitcoins were adopted widely, and a flaw was found, it could give tremendous wealth to the exploiter at the expense of destroying the Bitcoin economy.
Built in Deflation : Since the total number of tokens is capped, it will cause deflation. Each AirCoin will be worth more and more as the total number of token maxes out. This system is designed to reward early adopters. Since each bitcoin will be valued higher with each passing day, the question of when to spend becomes important. This might cause spending surges which will cause the Bitcoin economy to fluctuate very rapidly, and unpredictably.