The Shiba Inu ecosystem has announced an exciting airdrop plan for SHIB holders. As part of this airdrop, 10 million Philtokens (PHIL) will be distributed and some participants will have the opportunity to earn up to 500,000 PHIL in guaranteed rewards. The airdrop will be available to users holding SHIB in non-custodial wallets such as Trust Wallet and MetaMask starting August 28, 2024. Eligible wallets will be determined based on a snapshot taken on that date. Wallet holders will be able to apply to participate in the airdrop at the specified block height (20,627,000).
The participation process is based on a “first come, first served” principle. The first 10,000 eligible participants will receive a minimum of 500 PHILs.
Some participants can increase their rewards to 500,000 PHIL. To do this, they will need to follow @PhilTokenETH and @shibtoken on the X platform and retweet the announcement. Those who follow these steps will also be eligible to participate in the Lucky Draw worth 250,000 PHIL. The distribution of the rewards will take place on October 24, 2024.
Philtoken was created by a developer known by the nickname “ZZ_410” in the Ethereum ecosystem. The token aims to bring together the top 50 meme coins along with charitable projects. With this approach, Philtoken aims to make the meme coin world a more positive force.
PHIL, which has grown by 128.35% in the last week, is currently traded at $ 0.04439 and attracts attention with its market value of $ 43.97 million. The maximum supply of the token is set at 1 billion.