am just curious, how an airdropped coin actually gets it's value. ICO's in contrast are packed by ETH or BTC, but an airdropped coin - out of the sky - doesn't have any value at first.
What if i.e. an airline would airdrop frequent flyer miles, then they would also have to pack it by something - in their case the promise to get a free flight. But since the airline didn't get didn't sell anything in the first place and actually handed out those miles for free via an air drop event, it would lose out when all these people then would try to redeem their free miles. So how would an airdrop then work in that case?
How does an air dropped coin get it's value?
It's simple, the value is given by the people in other words people are the ones who provide the value to them. There is nothing like initial value etc. It just starts with the first person who bid on top of the buyer order.
