CLICK TO WATCH : ‘ IN CONVERSATION WITH GEORGE MCDONAUGH – CEO KR1 PLC ’ 41 need for new token distribution models .
Restriction is a great engine of invention . You want to keep it borderless and permissionless , keeping KYC out , and you want the right people . So how do you achieve this ?
One project trying a new way is called Edgware . It has pioneered what is called a Lockdrop . Edgware is also the first project to go decloak on the eagerly anticipated Polkadot blockchain later this year . The distribution mechanism being tried is sending Ether tokens from the Ethereum
blockchain to a contract address so it ’ s ‘ locked ’. In return you receive Edgeware tokens in a specified time lock either three , six or twelve months . Or you can just ‘ signal ’ your interest by logging your Ether address and not sending the Ether tokens . In return you will get a lower reward of Edgeware tokens than sending them .
What ’ s the value in that you say ? Edgware have already raised money through a traditional equity route , so these tokens are all about distribution . All projects like Edgeware want a
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