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BCH, Bitcoin Cash, was created with a hard fork of the Bitcoin blockchain. For those unfamiliar with a hard fork it helps to explain for a second what this means. A hard fork is a literal spitting of the blockchain where one chain retains the original software protocol and the other contains modifications. From the point of splitting, the two blockchains will share a history up to that point but will go their separate ways from that point forward. On August 1st, 2017 Bitcoin Cash introduced a number of modifications to Bitcoin that enabled higher transaction speed albeit less decentralized than its parent chain. For every Bitcoin (including fractional shares) owned by holders, one BCH token was granted to Bitcoin holders.
Ontology
Ontology (learn more with this project review of Ontology). Neo holders were airdropped 0.2 ONT tokens for every 1 Neo held. If you held Neo tokens at block 1,974,823 you received your airdrop. I received 500 ONT tokens just for attending Neo Dev Con in San Francisco back in January of this year. Ontology's airdrop is notable that it did not conduct a public ICO, only a private sale.
Hidden cost to the project
There's a hidden cost to the project that's not often mentioned. Let's take for example a project working on an insurance cryptocurrency. The token on this network would unlock certain insurance benefits to network participants. How does the project know who needs insurance and who does not? By airdropping tokens to Ethereum holders, the company is assuming all token holders will use the network. This is unlikely, therefore the insurance company is essentially locking away (or rather, using the term "burn" tokens) tokens since many holders may not notice the tokens in their wallets.
A de facto dividend or a gift to the token holder
By holding Ethereum, Bitcoin or any project - an airdropped token to the parent chain can be thought of as a dividend. Project teams attempting to innovate on the parent project launch an airdrop in the hopes of a wide distribution. The airdropped tokens increase awareness. In traditional equities, holding a dividend paying stock represents taxable income. I foresee airdrops becoming a legal issue to be sorted out over the coming years. Is it a dividend? Is it a gift? Gifts over a certain value are taxable in certain jurisdictions. Does this mean that airdrop holders are liable for taxes on a gift they could not reject?
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