Airdrop definition
Airdrop means a distribution of any digital assets including digital assets resulting from the ownership of an existing digital asset.
Airdrop means the distribution of a new digital asset, or a right to acquire or possess such asset, to holders of bitcoin, without any modification to the existing Bitcoin network and Bitcoin blockchain.
Airdrop means a distribution of a new token or tokens resulting from the ownership of a pre-existing token. For the purposes of Section V, an “Applicable Airdrop” is an Airdrop for which the distribution of new tokens can be definitively calculated according to its distribution method, such as a pro rata distribution based on the amount of the relevant Digital Currency held at a specified time. A “Non-Applicable Airdrop” is an Airdrop for which the distribution of new tokens cannot be definitively calculated, such as a random distribution, a distribution to every wallet of the relevant Digital Currency, or a distribution that depends on a wallet of the relevant Digital Currency meeting a threshold requirement.
Examples of Airdrop in a sentence
If Borrower fails to transfer the New Tokens as and to the extent directed by L▇▇▇▇▇ within 30 days following the applicable Hard Fork or Applicable Airdrop, such failure will be considered an Event of Default hereunder.
If Lender elects to receive such New Tokens, Borrower shall promptly, and in any event within five days following the applicable Hard Fork or Applicable Airdrop, transfer such New Tokens to a Digital Currency Address designated by Lender or as otherwise directed in writing by Lender.
In the event of a Hard Fork or an Airdrop in the blockchain for any Loaned Currency or Collateral, any affected outstanding Loans will not be automatically terminated.
More Definitions of Airdrop
Airdrop means a distribution of a new token or tokens resulting from the ownership of a preexisting token.
Airdrop shall have the meaning ascribed to it in the Trust Agreement.
Airdrop means a gratuitous distribution of cryptocurrency to persons who hold cryptocurrency, generally made in a broad, equitable, and nondiscretionary manner.
Airdrop means a distribution of a new token or tokens resulting from the ownership of a separate token. For the purposes of Section V, an “Applicable Airdrop” is an Airdrop for which the distribution of new tokens can be definitively calculated according to its distribution method, such as a pro rata distribution based on the amount of the relevant Digital Currency held at a specified time. A “Non-Applicable Airdrop” is an Airdrop for which the distribution of new tokens cannot be definitively calculated, such as a random distribution.
Airdrop means a distribution of a new token or tokens of Digital Currency resulting from the ownership of a pre-existing token of Digital Currency.
Airdrop means the allocation and distribution of airdrop Crypto Assets by a third party to the holders of a different Crypto Asset. Airdrop events are usually used either for promotional purposes of new Crypto Assets or hard fork events and may require the holder of a Crypto Asset to perform a certain activity or task to receive the airdrop Crypto Assets.
Airdrop means the distribution of new Bitcoin or other Digital Asset, or a right to acquire or possess such Bitcoin or other Digital Asset, to holders of Bitcoin or other Digital Asset, respectively, without any modification to the existing Bitcoin Network or other Digital Asset Network and Bitcoin Blockchain or other Digital Asset Blockchain.