Over $500 Million in Crypto Set to Be Given Away by Startups in a Week

Over the course of the coming week, blockchain startups are set to give away a staggering amount of cryptocurrency – more than $500 million worth. Among the companies launching airdrops with impressive prize pools is AltLayer, which is developing software to scale the Ethereum blockchain. On January 25, the firm opened registration for participation in its bonus program, under which 300 million AltLayer tokens (ALT) worth $98 million at current exchange rates will be distributed.

On January 31, decentralized exchange Jupiter plans to launch its Jupiter (JUP) token and, to celebrate the event, will distribute JUP coins worth about $410 million to members of the crypto community. The digital assets will be gifted to traders who used the services of the trading platform before November 2, 2023. However, subsequent airdrops will allow newcomers to participate as well.

In the meantime, the operator of the Russian-language social network X Leonidas has announced the start of the Runestone promotion, designed to reward users of the protocol for creating ordinals on the Bitcoin network. The author of the initiative proposed implementing a decentralized reward mechanism for crypto whales and collectors, thanks to whom the sphere of digital artifacts is developing on the BTC blockchain. More information about this campaign can be found on the project’s Discord server.

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