— Keld van Schreven Managing Partner and Co-Founder of KR1 plc

one hundred and thirty million dollars worth of Ether had been committed to the Edgware Lockdrop . This is way more than expected , so it ’ s been a huge success . There are several clever ideas at play here . One is , it gets Ethereum token holders onto another blockchain and locks them in . Once Polkadot launches , Edgeware will be a smart contract platform competing with Ethereum . A new blockchain with a new distribution experiment . This is clever distribution and it will be fascinating to see how this plays out .

Another new project trying another method is called Nuchypher and their distribution method is called the ‘ Work- Lock ’. A WorkLock is where you send Ether to an escrow account and if you perform useful tasks in the network you get NuCypher tokens , on top of your original Ether tokens back after a certain time period . If you perform no useful task in the network you get your NuCypher tokens but not your original Ether tokens back . This encourages the right type of code being written and node runners who help build the network and as a result , discourages speculators . In NuCypher own words ‘ participants don ’ t purchase tokens and no entity receives funding , there is no investment of money .’ No fear of the regulators here . This again seems a great reinvention of the ICO with , we hope for a better outcome .

So , if you are building a network company on the blockchain you can experiment with some of these novel new distribution models alongside your funding round and network build .

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