Tokens handed out free to people who meet conditions
A new project distributes tokens without charge, often to addresses that performed some action earlier, in order to attract users. Some countries treat the market value at the moment of receipt as income, so tax can apply before anything is sold. Fake notices imitating airdrops to harvest keys are common.
Receiving 100 tokens worth 500 each on the distribution date can be treated as income of 50,000.
For learning, not investment advice. Decisions are your own.
StockFit · TrueNorthLabs Inc.