Air drop season? Protocols will offer $700M token airdrops in one week
Ethereum scaling solution AltLayer has become the first of at least three protocols to go live with more than $100 million worth of token airdrops in the coming week.
The ALT token and claim process went live on January 25th at 9 am UTC. With 300 million tokens allocated for the first airdrop and an average daily price of $0.32, the total airdrop will reach $96 million at current prices.
Update: $ALT Airdrop claims are now open as of 9:00 AM UTC. https://t.co/LpfHsHu4Gk
Those eligible for the AltLayer Airdrop Season One – please visit the official Airdrop website to claim your $ALT.
Make sure you have one month to claim your $ALT tokens. https://t.co/zSYJw8gGt4
— AltLayer (@alt_layer) January 25, 2024
Celestia stakeholders who want to get their hands on the ALT airdrop will have to wait longer, but AltLayer says “technical differences in the request method” have delayed the airdrop for Celestia.
AltLayer's airdrop comes amid several projects expected to drop their respective tokens to eligible claimants next week.
Multilayer Rollup Deployer Dymension plans to launch its mainnet in the coming days and is airdropping 70 million DYM tokens, with distribution to Celestia Stackers and Pudgy Penguin NFT holders, and Solana and Ethereum ecosystem participants.
Dimension's claim period closed on January 21st, meaning holders who didn't claim their airdrop are now out.
As per the perpetual transaction on the decentralized Aevo in the pre-market, the DYM airdrop will be worth a total of $210 million to the receivers at current prices.
Meanwhile, Solana-based decentralized exchange (DEX) Jupiter has confirmed that it will launch the JUP token on January 31.
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A total of 1 billion tokens are being distributed in airdrops, and currently JUP is trading at a constant price of $0.41 in the pre-market, with the current price of airdrops reaching $410 million.
Bitcoin Ordinals users may be in for a treat, with anonymous Ordinals developer Leonidas launching a Runestone decentralized “fairdrop” initiative designed to reward early users of the Ordinals protocol.
Introducing Runestone
Symbol:
Mission: Create a fair, open source, transparent, voluntary and decentralized initiative with a standard protocol to reward people who participate in the first year.
Snapshot: block height 826,600
Discord: pic.twitter.com/EiIJRSSCDOb
— Leonidas (@LeonidasNFT) January 25, 2024
Crypto users saving airdrops on X should be extremely careful, as the platform is currently inundated with scam accounts impersonating the official social media pages of crypto companies that have announced airdrops. These sites upload similar posts impersonating “air claims” sites, especially wallet drains.
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