LIVEBlockchain Data-availability Protocol Avail Announces 600M Token Airdrop
Avail, a Web3 infrastructure layer built using Polygon’s software development kit, will be airdropping 600 million of its native token AVAIL to users.
Founded in 2020, Avail consists of three segments: Nexus, Fusion, and DA. Avail DA improves base-layer transactions further by scaling rollups via methods such as KZG commitments and data availability sampling.
Data availability enables nodes to verify bundled transactions without having to download all data for a block. Meanwhile, KZG commitments, common in zero-knowledge protocols, allow for the verification of underlying data without revealing private information.
According to its developers, the Avail token is used to “obtain Avail DA services, secure the unification layer via staking, and take part in governance.” Tokens are airdropped based on a user’s total time, depth, and impact of their commitments to the ecosystem. A total of 354,605 wallet addresses will receive the airdropped AVAIL token upon mainnet launch.
Out of the 600 million token airdrop supply, 90 million are allocated to blockchain ecosystem developers, 49.5 million to testnet users, 380 million to rollup users on various blockchains such as Arbitrum One, 70 million to Polygon stakers, and 10.5 million to community contributors.
The airdrop is not exclusive to users of the Avail or Polygon ecosystems. “Unification of Web3 requires unification to happen at the most fundamental level,” Avail wrote. “This [airdrop] includes Bitcoin, Ethereum, Solana, Cosmos, Avalanche, Near, and others who have each made unique contributions to the blockchain ecosystem."
Many in the Polygon community spoke highly of the airdrop. "Oooh, looks like a massive airdrop is upon @0xPolygon community," commented Polygon co-founder Sandeep Nailwal, in relation to the news.
Avail was spun-off from Polygon Labs on March 16, 2023.