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Tim Draper will give away $ 1 million in bitcoins ...

Tim Draper will distribute $ 1 million in bitcoins to the participants of the blockchain summit in Los Angeles
CONTENT

  • Bitcoin does not abandon attempts to overcome the $ 10,000 mark, increasing interest in the coin

  • Now is the time to take a closer look at digital money

  • Crypto enthusiasts are trying to attract new users to the industry on the wave of hype

International consortium of news organizations developing transparency standards.

Crypto enthusiasts are trying to attract new users to the industry in the old but proven way – by giving away coins free of charge..

Bitcoins for participation in the conference

In the cryptocurrency market, the excitement bordering on mania is again. Interest in bitcoin and other digital assets is growing along with prices, and old-timers of the industry are in a hurry to seize the moment to attract new users to cryptocurrencies through the distribution of coins.

Tim Draper will give away $ 1 million in bitcoins ...

Tim Draper’s venture capital firm, Draper Goren Holm, promises to give away $ 1M in bitcoin to everyone attending the Los Angeles Virtual Blockchain Summit in October.

Conceived and successfully implemented by Gavin Andersen in 2010, this promotion is intended to stimulate mass distribution. Recall that Andersen, a developer and one of the first followers of Bitcoin, handed out tokens as prizes and rewards for completing various tasks..

Right now

This year, the market is again experiencing excitement around bitcoin. Halving Bitcoin halving cuts the number of new coins created and earned by miners in half. It happens about every four years and … More, the pandemic, the printing of money by the world’s central banks, the threat of crisis and hyperinflation are fueling interest in a new form of money. Investors and traders hope to find protection for their capital in them, and crypto enthusiasts actively support this attitude..

According to Alon Goren, partner and founder of Draper Goren Holm, now is the right time to get up close and personal with cryptocurrencies and blockchain, and the Los Angeles summit offers great opportunities..

“It will be very interesting. We are one of the most ardent supporters of cryptocurrency in the industry, “he said..

Cryptocurrency mass adoption is slower than expected because many have not yet become familiar with the concept of digital money.

“Now everyone has heard something about bitcoin, but 99% of people have never used it. We want to bring it to the masses, ”Goren explained..

Free, but with a condition

Tim Draper will give away $ 1 million in bitcoins ...

To date, nearly 1,000 people have registered for the summit, who are eligible for bonuses totaling $ 100,000. However, the organizers expect that their number will exceed 20 thousand and are ready to increase the prize fund if demand is high..

In the meantime, in order to get a ticket to the event, one must first register an account with eToro brokerage company and buy some cryptocurrency on that platform. At the end of the summit, everyone who comes will receive their bitcoins.

Giveaways are common in the industry. Startups tend to use this tactic to grow their user base and build a project’s reputation. However, Draper expects in this way to speed up the process of spread and mass adoption of bitcoin..

Participants will not have to spend money on tickets and accommodation in Los Angeles, Goren said. The organizers will also save due to the virtual format of the event and will be able to spend more on marketing.

Are you ready to take part in such a conference and get some bitcoins for free? Do you think this will help the mass adoption of cryptocurrencies? Share your opinion in the comments, and come to our telegram channel. 

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