The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

What is the difference between "fork" and "airdrop" of the blockchain IFO project? Analyze the advantages and disadvantages of IFO. Recently, a "fork" trend has begun to prevail in the digital currency circle, and a new term called "fork" has been born. IFO(Initial
Fork
Offerings). Before talking about IFO, the author first talks about the two candy distribution methods of "fork" and "airdrop". The community generally believes that the two concepts are the same. In fact, it is not the case. We can think that "fork" belongs to the category of "airdrop", but "airdrop" does not necessarily have to be a "fork".

The similarities and differences between “fork coins” and “airdrop coins”

For example, Bitcoin Cash (BCH), which was born on September 1, 2017, came from forking Bitcoin (BTC). Bitcoin (BTC) holders can obtain BCH at a 1:1 ratio. . And Stellar, OmiseGo,
The “candy” distribution activities of alternative coins such as Byteball Bytes are airdrops, but they are not forks.

(The difference between "forked chain" and "airdrop chain")

Airdrops generally take the form of snapshots, and the ratio is not fixed. It can be 1:1 or any ratio, but forks are generally of the same ratio (except when the total amount is modified)

The same point is: the purpose of both is to obtain the most accurate users.

The biggest difference is that forked coins have strong compulsivity, which is mainly reflected in exchanges, wallets, etc.

For example, when Stellar is conducting airdrop activities, except for a few exchanges that have already listed the currency, other exchanges do not need to provide "candy" collection services. However, the birth of Bitcoin Cash (BCH) has subverted In response to this situation, many exchanges including Coinbase initially refused to provide this token. However, after users complained, these exchanges compromised, and some immediately chose to support BCH transactions, and some A date has been selected, and the currency withdrawal service will be opened after expiration.

Why is there such a situation?

One is that the forked currency not only inherits most of the code of Bitcoin (or Ethereum), it also inherits all the data before the Bitcoin blockchain forked, and the distribution is also direct, making the forked currency compared to Generally speaking, altcoins are more gimmicky (also reflected in the price). This is where the debate between the “real Bitcoin” and the “real Ethereum” comes from. Therefore, forked coins such as BCH and ETC are easier to develop than ordinary altcoins because they will gain support from some community members.

This forces exchanges to face up to these forked coins, because if they ignore them, they will receive complaints from supporters or face the risk of user losses.

From this, we can say that the difficulty of listing forked coins on exchanges will be much lower than other types of currencies.

"Airdrop" does not necessarily inherit all the data of the Bitcoin blockchain. The Bitcore project mentioned above is not a fork currency in the strict sense. It only takes a snapshot after the Bitcoin height reaches a certain height, and then To carry out airdrop activities, to obtain this currency, a signature claim operation is required, because this blockchain does not inherit the previous data of Bitcoin.

Since transaction data is not inherited, currencies like Bitcore are not much different from ordinary altcoins.

About IFO (Initial Fork Offerings)

The IFO proposed by the community generally refers to the initial issuance of a certain token through a fork. People will refer to Bitcoin Cash, Bitcoin Gold, Bitcoin
Diamond, SuperBitcoin and even Bitcore are all classified under this term. The author believes that this is actually not very accurate. First of all, currencies such as Bitcore that are "airdrops" do not belong to forked currencies. To be precise, they should be classified as IAO (Initial)
Airdrop Offerings).

Furthermore, forked currency projects that do not have pre-mining behavior should not be classified into the category of IFO, because only when the project side has pre-mining behavior, it may have economic incentives, otherwise the project side and the public will not If there is a difference, there is no need to talk about the word Offerings.

Discussing the pros and cons of IFO

Specific projects aside, let’s talk about the pros and cons of IFO.

According to the above definition, IFO is a forked currency project with pre-mining behavior. Obviously, for the project side, it is equivalent to a disguised ICO. In other words, IFO basically has the benefits and disadvantages of ICO.

In addition, it is much more difficult for IFO to acquire users than for ICO. "You give me such-and-such coins, but I don't want them." This situation rarely happens in the currency circle.

But unlike ICO, the coins obtained by IFO users are basically zero cost. Therefore, if you want this type of project to develop, the project sponsor must have a certain degree of strength, otherwise it will basically end in failure.

At present, ICOs that include fundraising attributes have been completely banned in China. How long can similar IFOs continue to exist?