This event will distribute 120 million tokens, making up 12% of the total airdrop supply, to eligible users.
This initiative rewards DRIFT users’ loyalty and aims to enhance their influence over the protocol’s future.
Rewarding Loyalty and Enhancing Community Influence
By decentralizing ownership, DRIFT incentivizes user participation and aligns it with the protocol’s long-term success and governance. The airdrop consists of two main components: an initial allocation and a bonus allocation. The initial allocation will be available to all eligible users immediately at launch. This allows them to claim their tokens and actively participate in DRIFT’s governance processes.
The bonus allocation adds an additional incentive, unlocking linearly over a span of 6 hours. This structured release mechanism aims to encourage long-term engagement and commitment among community members.
DRIFT Launch Airdrop claims will go live on May 16 at 12pm UTC (8 AM EST)
This marks a significant step towards decentralizing @DriftProtocol, acknowledging loyal users, and empowering the community with a greater voice in the protocol's future development.
More details 👇 pic.twitter.com/zMjQDLqzez
— Drift Foundation (@DriftFDN) May 13, 2024
Structured Token Release to Boost Engagement
Vesting begins at the time of the airdrop launch and will cease once a user claims their tokens. This method promotes the fair distribution of tokens, ensuring that the benefits of early participation and support are recognized and rewarded. It offers a clear framework for users to understand their contributions and benefits within the ecosystem.
Bonus Allocation Mechanism
This mechanism aims to reduce network congestion at any given time, creating a better experience for users while rewarding patient users along the way.
— Drift Foundation (@DriftFDN) May 13, 2024
As DRIFT Protocol takes this pivotal step towards decentralization, the focus on empowering its user base is clear. The airdrop not only serves as a reward for loyal users but also as a foundational step for involving the community in the protocol’s decision-making processes.
With 120 million tokens set to be distributed, the potential for increased user engagement and influence in DRIFT’s development is significant.
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