If the smart contract is executed and the airdropped tokens are issued into one public address and then later they are transferred to the recipient it may be possible to argue that the acquisition cost of the airdropped tokens is the sterling market value at the date of receipt, but only if it can be argued that a โbargain made otherwise than at arm's lengthโ. There is uncertainty as to whether or not a โbargain is made otherwise than at arm's lengthโ or not, when it is available to everyone. If it is not a bargain otherwise than at armโs length, the CGT acquisition cost of the airdropped tokens would be Nil.