Crypto Airdrop alert: AltLayer’s $96M kickstarts a week of token windfalls

Ethereum scaling solution AltLayer has kicked off a week-long airdrop extravaganza, with over $100 million in tokens up for grabs. AltLayer’s (ALT) token
and the claiming process went live on January 25, marking the beginning of what seems to be a token giveaway trend among blockchain protocols. 

AltLayer’s launch of the ALT token

AltLayer (ALT) recently launched its token claiming process, with a generous allocation of 300 million tokens available in the initial airdrop. At the current average daily price of $0.32, this amounts to a staggering $96 million windfall for lucky recipients. Celestia stakers, eager to participate, are facing a slight delay due to “technical differences in the claiming mechanism,” as per AltLayer. Nevertheless, anticipation is high as several other projects gear up to shower eligible claimants with their respective tokens in the coming days. 

📢Update:

One such project is the Multilayer rollup deployer Dymension, which is set to launch its mainnet soon. Dymension plans to airdrop a whopping 70 million DYM tokens, with distribution heavily favoring Celestia stakers and Pudgy Penguin NFT holders, alongside participants from the Solana and Ethereum ecosystems. Unfortunately, for those who missed the claiming period that closed on January 21, the opportunity has slipped through their fingers. At current prices, the DYM airdrop is estimated to be worth a staggering $210 million.

Adding to the token giveaway frenzy, the Solana-based decentralized exchange Jupiter has confirmed the launch of its JUP token on January 31. With a total of 1 billion tokens to be distributed, the airdrop’s current value stands at around $410 million.

Bitcoin Ordinals users might also find themselves in the running for a potential airdrop. Ordinals developer Leonidas recently unveiled “Runestone,” a decentralized “fairdrop” initiative designed to reward early Ordinals protocol users. #TradeNTell #Write2Earn‏ #Dropbox

- Dropbox has revealed its intention to implement a metered storage policy for its enterprise-focused Dropbox Advanced plan.

- This transition comes after the previous 'space as needed' policy was exploited for activities such as cryptocurrency and Chia mining, as well as unrelated personal storage accumulation and storage resale.

- The new metered storage approach entails customers with a #Dropbox Advanced plan and three valid licenses receiving 15TB of shared team storage. For each additional active license, 5TB of #storage space will be granted.

- This alteration is aimed at addressing the issues related to customers using excessive storage beyond the genuine enterprise usage.

- The migration of existing customers to the #new metered storage policy will commence from November 1st onward.

$FIL

- Dropbox, the cloud storage provider, is discontinuing its "unlimited" storage policy under its #Dropbox Advanced plan due to unexpectedly high usage patterns and unauthorized activities, including crypto mining.

- The Dropbox Advanced plan, initially designed for businesses, unintentionally attracted customers who were using the platform for crypto mining and pooling storage. This led to storage volumes thousands of times larger than regular #business users, affecting service quality for all customers.

- The exact details of how storage accounts were being used for cryptocurrency mining were not provided in the announcement.

- To address these issues, Dropbox is transitioning to a metered model from the unlimited storage policy. Under the new model, customers purchasing the Dropbox Advanced plan with three active licenses will receive 15TB of shared storage space for the team. Each additional active license adds 5TB of storage.

- The new policy will be implemented gradually starting from November 1. Customers needing more space can purchase storage add-ons, available to new customers from September 18 and to existing customers from November 1.

- Dropbox's decision reflects the impact of #cryptocurrency-related activities on various industries, showing how the crypto landscape can influence operational strategies and adjustments across different sectors.