Drift Protocol, a decentralized exchange (DEX) built on the Solana blockchain, will launch its native token, DRIFT, on May 16, 2024. This event marks a major milestone for the platform. platform, which has established itself as a transparent and non-custodial exchange with a total value locked (TVL) reaching $328 million.
Key details about the DRIFT token launch
Total airdrop amount: 12% of total DRIFT supply
Total airdrop tokens: 120,000,000 DRIFT
Airdrop date: May 16, 2024
Airdrop time: 19 hours (Vietnam time)
Conditions and claim URL: Users can claim tokens at drift.foundation
Airdrop mechanism
The airdrop will distribute tokens to 180,000 users based on their activity on the Drift platform. The allocation will consist of two parts:
Initial allocation: Available at launch.
Bonus distribution: Vertical unlock for six hours to reduce network congestion and improve user experience. The vesting process starts at launch and stops when tokens are received.
Investors
Drift Protocol is an open source DEX that uses Solana's high-speed blockchain to provide efficient trading solutions. The platform has raised $27.3 million through two funding rounds, backed by prominent investors such as Polychain Capital, Ethereal Ventures, Multicoin Capital and Jump Capital.
Source: https://tapchibitcoin.io/solana-dex-drift-se-airdrop-token-drift-on-ngay-May-16.html