A few days ago, the L1 project XION launched mainnet activities, allowing community users to earn Karma points through daily check-ins, cross-chain staking, creating on-chain identities, etc.
As for what Karma points are used for, the official has not made it clear. Based on my speculation, it is very likely to be linked to the second phase airdrop. Now is the early bird stage, with free participation options available. It’s recommended to secure a spot first.
In response to many old friends asking whether to participate, this article provides a unified reply, hoping to be helpful:
1. New activities can be done for free, suitable for multiple accounts
Many people only see mainnet staking and do not notice that free participation is possible: Check in once every 24 hours to earn 5 points; just click the mouse, no Gas is needed throughout the process. It's very suitable for multiple accounts, but make sure to isolate them.
If the second phase airdrop has a base guarantee, this type of account will definitely win, with very high odds. The steps for free participation are as follows:
① Participate in mainnet activities
② Click on the 【ENTER】 in the middle of the page to log in with the original account or register a new account.
③ Enter the invitation code zGpR2SZP and set a username.
④ Every 24 hours, click on 【Daily Devotion】 and then 【Collect】 to gather 5 points. Of course, if you still have XION, you can also complete tasks like cross-chain staking and domain registration while you’re at it. Just find the corresponding tasks and follow the prompts to operate, no need to elaborate one by one.
Currently, XION's staking APR exceeds 38%. Staking users are likely to receive the second phase airdrop + ecosystem project airdrop. If you don’t plan to sell, remember to deposit it as soon as possible.
2. $XION may be severely undervalued
$XION has a total supply of 200 million, initial circulation of 25.55 million, and a current market value of 83 million USD. I believe it is severely undervalued for the following reasons:
① The blockchain abstraction track is naturally suitable for large-scale landing in Web3. Although many institutions are heavily investing, there has not been an explosion yet. XION has a first-mover advantage.
② As a new L1, XION has not yet launched on top exchanges, and there hasn’t been any movement from Korea, which is clearly unreasonable, especially since XION has resources in Korea. Just wait for the wind to come.
③ The airdrop selling pressure has ended. The team and investors won’t start linear release until a year later. With such a small market cap, it only takes one positive news to take off.
④ The founder of XION and the founder of Injective are college classmates who once mined ETH together in their dorm. $INJ is unafraid of bull and bear markets, with fierce price increases. It’s not difficult for the brother project XION to copy the homework.
⑤ The airdrop I received is staked in multiple accounts. I hope to catch the next Sui or Inj. I started accumulating in the secondary market from 4.1. Overall, I haven’t broken even yet, but I won’t sell at a loss and will wait for value discovery.