It has been a little while since we last talked about AERO, a fairly new altcoin which is trying to make a name for itself. With some interesting projects currently in development, they launched their AeroCoin Gold Campaign a week ago. Let’s see what that is all about, shall we?
There is something that makes cryptocurrency and gold a great combination. The AeroCoin team is giving away no less than US$10,000 worth of solid gold to AERO investors, and US$5,000 to charity. These amounts are a lot bigger than I expected to be honest, which is a pleasant surprise!
Even though the rewards are split up into different tiers, which we will get to in just a moment, let’s take a look at the requirements first. In order to be eligible for this gold giveaway, you need to hold at least 2,000 AERO in your personal wallet (for proof of ownership purposes). As I do have some AERO in my wallet, it made me check the balance and I appear to qualify!
Up next, you have to register your personal AeroCoin wallet address on the AeroCoinGold website. Simply fill in your email address and your AERO wallet address. The balance of your address will be automatically verified to make sure you hold at least 2,000 coins. You will receive one entry per 2,000 coins in your wallet.
I can imagine a lot of you are wondering where the money for this giveaway is coming from. One of AeroCoin’s investors, called KryptoLiding, put forward a marketing budget of US$10,000 to be used for this gold bars giveaway.
If you paid close attention, you may remember I mentioned there would be a US$5,000 donation to charity as well. This funds will be split between the ALS Association and The Brain Tumor Charity, assuming the peak target price (51,000 Satoshi) for AERO will be reached.
That is the main goal of this giveaway : not just to raise awareness for AERO and give money to the charities, but also to increase the value per coin. As it stands right now, we are 48% completed to reach the target price of 7,500 Satoshi per AeroCoin.
Reaching that price point is only the first reward tier, which will award a lucky winner with 5 grams of fine gold bullion. The higher the price, the bigger and more valuable the rewards will become. I have attached the full reward structure below :
A very interesting giveaway by the team behind this altcoin if you ask me. Even though most charities are still not too keen on working together with cryptocurrency in general, this is definitely a step in the right direction.
Official announcement :