Red Pulse (RPX) will distribute SPOT tokens to all its holders, during the May 14-20 period. The Red Pulse project has chosen Spotcoin for its first airdrop. Spotcoin aims to build a clearing house for fiat to crypto trading, a still rare commodity in the world of digital assets.
https://twitter.com/red_pulse_china/status/993752891314733056
The airdrop comes at a time when RPX market prices are struggling to make a trend, on still low volumes. RPX sank slightly to $0.11, far from the January peak of $0.67. For the NEO-based project, price appreciation is slow to come, and a renewed interest in sleeping altcoins and tokens may be needed to lift prices and volumes.
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The Red Pulse owners will be the first to get their SPOT tokens. Additional owners of NEP-5 tokens will also receive the airdrop in the weeks after May 20. The Spotcoin project will also perform an ICO to raise funds and distribute tokens further.
By current estimates, the airdrop would be worth $250,000. Other token owners eligible for SPOT would be holders of Qlink (QLC), Switcheo (SWH), and Effect.AI (EFX). All of those projects are currently relatively obscure with low volumes and a price hovering below 10 cents. The airdrop may, however, increase the activity.
For Red Pulse owners, 100,000 SPOT tokens were reserved, and the minimal balance for airdrop eligibility is 800 RPX.
NEO itself, the asset underlying the NEP-5 token ecosystem, has moved away from the spotlight again, sliding to $77.48, down about 4.5% this week. GAS, the fuel for the NEO blockchain, has moved slightly up to $31.29, but remains depressed.
This article appeared first on Cryptovest
