I love Ethereum. Everyone knows that Bitcoin is incompatible with Ethereum at this point. But Bitcoin's model has so many advantages over traditional ICOs.
Most ICO (and airdrop) tokens throw Ethereum's advantages out of the window; they rely on trust, they have opaque mysterious code and teams, haphazard shady distribution methods, and many are permissioned and closed-off as projects. Many act like centralized corporations and are a far cry from 'cryptocurrency'.
0xBTC is a re-imagination of bitcoin, but as an ERC20 token. In fact it is the only mined cryptocurrency which is also ERC20. It tries to be as true to the 'bitcoin' model as possible because that is what real crypto is: pure-mined, permissionless, fully transparent, open to anyone, decentralized, distributed. Thanks to Ethereum it is fast, cheap, and upgradeable due to Ethereum smart contract compatibility. There are not many services or Dapps or stores which use 0xBTC but please by all means, Buidl. There is no-one, no entity to request permission.
You can review the code here: etherscan.io/address/0xb6ed7644c69416d67b522e20bc294a9a9b405b31#code
Total Supply: 21,000,0000
Tokens Mined: 2,500,000 (so far!)
Mining Reward: 50 0xBTC
Algorithm: SoliditySha3
Average Mint Time Target: 15 minutes
Halvening: at 10.5m, then at 16m, then 18m, etc.
Average Transfer Time: 45 seconds (depends on Ethereum network)
Average Transfer Cost: $0.10 (depends on Ethereum network)