Linea partnered with Nansen to detect 'Sybil' behavior, which included automated and coordinated activities across related wallets.
Orbiter Finance's OBT will have a total supply of 10 billion tokens and launch on Ethereum, Arbitrum and Base.
The HYPE token has risen over 600% since its launch, pushing the total value of the airdrop to $7.5 billion.
The wait is nearly over for PAWS fans as the long-awaited airdrop is finally happening. After months of delays, the snapshot to decide token allocations is set for today, December 30, 2024. Investors are eager to see how many PAWS tokens they will receive and what surprises might be in store when the token finally …
SonicX, a popular tap-to-earn game on TikTok, will airdrop its SONIC tokens to users through Solana’s Sonic SVM network. Launched in October, SonicX allows players to tap their screens to earn rewards, purchase power-ups, and refer friends. The game’s user-friendly setup requires no crypto wallet or complex transactions, attracting over 2 million players in just …
Binance is bringing exciting new airdrop rewards to its users with Simon’s Cat (CAT) and Pudgy Penguins (PENGU) tokens! Users who subscribed to Binance’s Simple Earn products could receive a share of the airdrop. The CAT token drops on December 17 at 09:00 UTC, followed by PENGU at 14:00 UTC. Both tokens will be listed …
The ME token airdrop from Magic Eden NFT marketplace, valued at approximately $700 million, created extreme excitement in the crypto industry yesterday. Minutes before the launch, ME saw its price spiking from $6.04 to a peak of $8.9. Some earned massive profits from the launch. But for many, it was simply disappointing. Why? Airdrop’s Massive …
To claim aidrops, users had to download Magic Eden's wallet, a highly atypical process that industry insiders said threatened to breach security best practices.
Airdrops has proved time and again that it can turn the price dynamics for crypto assets and the latest sensation in the market is MOVE. The MOVE token, a new digital currency from Movement Labs, is making some moves, reaching a market cap of $1.6 billion after its listing on Binance and a major airdrop. …
The meme coin market is on fire, with billions of dollars in daily trades, and airdrops are helping new projects stand out. One of the most exciting airdrops right now comes from Jupiter, a top decentralized exchange (DEX) on Solana. The second season of its airdrop is underway and will continue until January 2025, giving …
Are you active in Tomarket? Something interesting is happening on this popular Telegram game platform. It is launching its TOMA tokens on The Open Network (TON). TOMA will be available for trading this month itself, as it is scheduled to be listed on December 20. Excited? Here is everything you should know about the sensational …
DOGS has also entered into a partnership with Best Friends Animal Society, a nonprofit dedicated to animal welfare in the US.
Hyperliquid’s HYPE token soared 125% within 24 hours of its massive airdrop, reaching an all-time high of $7.11. The project allocated 310M tokens, 31% of its supply, as part of one of the largest airdrops in crypto history. While enthusiasm is high, with whales claiming substantial profits, selling pressure looms. Historically, airdropped tokens face price …
Hyperliquid has distributed over 300 million HYPE tokens to eligible community members on Nov. 29.
Scroll’s native SCR token dropped roughly 32% on day one of trading after a controversial airdrop.
The Solana-based DePIN project Grass is making headlines as its GRASS token surged 125% in just three days after a huge airdrop on October 28. With 1.5 million wallets claiming tokens, the GRASS price is now up 60%, trading at $1.82, and its market cap has reached $450 million. This airdrop is the largest in …
Zircuit has officially opened its airdrop to EigenLayer holders and stakers, creating new excitement for the project. In addition, Zircuit partnered with Binance Web3 Wallet to launch an airdrop with a $500,000 prize pool in Zircuit tokens, along with gas fee subsidies. This initiative aims to reward and attract new users to its platform. Known …
A recent legal dispute surrounding token airdrops has gathered the support of prominent crypto lobbying organizations, including the Blockchain Association and the Crypto Council for Innovation. These Washington, D.C.-based lobbying groups have filed an “amicus brief” backing apparel brand Beba in its lawsuit against the US Securities and Exchange Commission (SEC). Related Reading: Memecoins Thrived […]
Users should not click on any airdrop links shared in EigenLayer’s recent post, warned onchain detective ZachXBT.
Airdrop farmers are up in arms over the release of layer-2 network Scroll's airdrop allocation this week, with 7% being set aside for early adopters whilst centralized exchange Binance will receive 5.5% for its Launchpool users.
The token, SCR, will be distributed through an Oct. 22 airdrop and listed on Binance, Scroll said.
Part of the problem is the airdrop model for token distributions, which has grown in popularity in recent years.
Pixelverse airdropped 10% of PIXFI’s total supply to holders of its Rare, Epic, and Legendary non-fungible token (NFT) collections.
Hunting for crypto airdrop opportunities and cashing in on airdrop rewards can be a thrilling way to bag some extra coins, but beware, not every “drop” is gold.
Bybit confirmed internal role changes for several executives following a botched airdrop that affected 320,000 users and led to a $26 million compensation payout.
LayerZero has identified 800,000 potential Sybil addresses so far, but the process has antagonized some community members.
EigenLayer, a decentralized restaking protocol built on Ethereum (ETH), has made significant announcements, paving the way for new developments within the crypto ecosystem. The protocol unveiled its native token, EIGEN, which the newly formed Eigen Foundation will distribute. Alongside this, EigenLayer introduced a major plan for an airdrop and released a comprehensive new Whitepaper. EigenLayer Unveils EIGEN With Novel Mechanism According to the protocol’s announcement, the introduction of the EIGEN token brings forth a complementary mechanism designed to address “intersubjective” faults, which cannot be resolved through ETH restaking alone. By expanding ETH restaking, EigenLayer positions ETH as the Universal Objective Work Token, while the universality of EIGEN makes it the Universal Intersubjective Work Token. EIGEN’s universality is reportedly aimed at allowing it to fork and slash for intersubjective errors committed by EIGEN stakers in any AVS (Automated Verification System) within the protocol. To ensure widespread adoption of EIGEN across applications, EigenLayer has designed an application-independent mechanism to maintain the system’s cryptoeconomic security. Related Reading: Ethereum Fees Dive: Will This Spark A Surge In Network Activity? In EigenLayer, EIGEN staking and ETH restaking play complementary roles. EIGEN addresses safety properties through objective slashing, and ETH restaking ensures liveness and censorship-resistance properties dependent on stake decentralization. The launch of EIGEN also introduces intersubjective staking, marking a significant milestone for the protocol and the Ethereum ecosystem. However, due to its newly introduced design, the concept requires widespread adoption and discussion among ecosystem participants. At launch, the Eigen token will have a total supply of 1.67 billion tokens, with the Foundation allocating 45% of the tokens to the community. This allocation is further divided into staked drops, community initiatives, and ecosystem development. Investors will reportedly receive almost 30% of the tokens, while early contributors will receive over 25%. Both these groups are subject to a three-year lockup period for their allocations. A complete lock will be in place during the first year, followed by a gradual release of their total holdings at a rate of 4% per month over the subsequent two years. EIGEN Token Launches Meta-Setup Phase While the initial implementation of intersubjective staking at launch mirrors only a limited extent of the full protocol, several parameters still need to be determined for its full actuation. To address this, EIGEN is being launched in a meta-setup phase, serving as a call to action for researchers, experts, and the broader community to engage in public discourse. As EigenLayer announced, this collaborative effort aims to help define the necessary parameters to make the protocol and its interaction with the rest of the Ethereum ecosystem as effective as possible. Related Reading: Crypto Analyst Says Altcoins Are About To Enter A Parabolic Curve, Here’s Why Featured image from Shutterstock, chart from TradingView.com
Mode's TVL hits $344 million, driven by user participation in the Turbo Points campaign for anticipated token airdrops.
The post Mode TVL soars 140% as users hunt for airdrops appeared first on Crypto Briefing.
Current inflows into altcoins are insufficient to offset some of the big token unlocks and selling pressure from VCs.
Omni Network’s token price has halved just 18 hours after its test net users and some NFT holders were airdropped the token.