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For a cryptocurrency to have real purchasing power, people need to believe in its financial value now and in the future. The first step towards belief is knowing about it which is why airdrops as marketing are popular. Without the network effect, there is no value. This raises the question, how do you give away something for free, far and wide, while also maintaining a proper understanding of its value proposition? Even bitcoin had faucets early on. Sybil attacks (one person pretending to be many) further complicate the giveaway approach.
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FIO intends to give away many millions of free FIO Addresses (12.5% of the tokens are locked on chain for this purpose). We need a reliable way to do so. In my 7.5 years in the space, I have yet to see a reliable approach, though I have heard captcha’s captchas can help, and we have one implemented for free address registrations, but the direct API registration within the wallet bypasses this entirely.
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