Airdrop Season In Crypto Has Arrived
- Posted on January 27, 2024 12:21 AM
- Cryipto News
- 250 Views
AltLayer has already executed a $100 million airdrop; the other two protocols are planning to organize even larger airdrops in the coming days.
AltLayer, Ethereum's scaling solution, became the first protocol to go live with a token airdrop valued at $100 million this week.
AltLayer's native token is ALT, and the demand process started on January 25th at 12:00. In the initial airdrop, 300 million tokens were allocated, and with an average daily price of $0.32, the total airdrop amount reached approximately $96 million.
📢Update: $ALT Airdrop Claims have now opened as of 9:00 AM UTC. https://t.co/LpfHsHu4Gk
— AltLayer (@alt_layer) January 25, 2024
Those eligible for AltLayer Airdrop Season One - please visit the official airdrop website to claim your $ALT!
Rest assured you will have one month to claim your $ALT tokens. https://t.co/zSYJw8gGt4
Celestia stakers looking to benefit from the ALT airdrop will have to wait a bit longer due to what AltLayer claims to be "technical differences in the demand mechanism," which delayed the airdrop for Celestia.
AltLayer is among several projects scheduled to take place in the coming week.
The multi-layer rollup solution, Dymension, is planning to launch its mainnet in the coming days. In an upcoming airdrop, it will distribute 70 million DYM tokens, prioritizing Celestia stakers, Pudgy Penguin non-fungible token holders, as well as users from the Solana and Ethereum ecosystems. The demand period for Dymension ended on January 21st, meaning those who did not request will no longer be able to benefit from the airdrop.
The decentralized exchange traded on Aevo announced that the total value of the airdrop, determined based on the price in pre-market contracts, would be $210 million.
The Solana-based decentralized exchange, Jupiter, has confirmed that it will launch its JUP token on January 31. A total of 1 billion tokens will be distributed in the airdrop. Currently, the JUP token is trading at $0.41, indicating that the total value of the airdrop will be approximately $410 million.
A decentralized "fairdrop" initiative called Runestone, initiated by Leonidas, the developer of Ordinals, is designed to reward the initial users of the Ordinals protocol. This development has also sparked anticipation among Bitcoin Ordinals users for the upcoming airdrop.
Introducing Runestone
— Leonidas (@LeonidasNFT) January 25, 2024
Symbol: ᛤ
Mission: Create a fair, open source, transparent, volunteer, and decentralized initiative to reward people who participated in the first year of the Ordinals Protocol.
Snapshot: Block height 826,600
Discord: https://t.co/jNJbWs2YEp pic.twitter.com/EiIJRSCDOb
However, crypto users seeking airdrops on X need to exercise extreme caution. There are numerous fraudulent accounts on the platform that mimic the official social media pages of crypto companies that recently announced airdrops. These fake pages often conduct attacks with wallet-draining applications, appearing entirely identical to "airdrop" websites.
