What’s going on?
Blockchain-based Amazon Web Services challenger Dfinity says it will distribute $35 million worth of digital tokens in an airdrop to be held with CoinList.
Why does it matter?
Fortune said the announcement is significant because Dfinity is backed by VC heavyweight Andreesen Horowitz and high-profile cryptocurrency fund Polychain Capital.
Dfinity says the airdrop is part of its plan to create a “Cloud 3.0″. It hopes to promote wider distribution of its tokens and encourage experimentation with the company’s WebAssembly-enabled Internet Computer, reported Crowdfund Insider, which said the airdrop was the largest ever seen in cryptocurrency.
A nice drop?
For some – the token distribution is a windfall for early backers of the Dfinity project, it was reported. Beneficiaries will be able to hold on to the tokens or sell them on a secondary cryptocurrency market.
“Dfinity is a model project not only for their technology and community, but also for their focus on doing things the right way,” said CoinList in its official announcement. “Dfinity sees this as an opportunity to give back to those who have been supportive of their efforts.”
But US nationals and those living in the United States will have to miss out on this opportunity.
“Due to regulatory uncertainty, US citizens and residents will unfortunately be barred from participating,” wrote Dfinity’s Michael Hunte. “You will not be able to successfully complete the registration portion of the process as a US citizen.”