Crypto Airdrop alert: AltLayer’s $96M kickstarts a week of token windfalls
Ethereum scaling solution AltLayer has kicked off a week-long airdrop extravaganza, with over $100 million in tokens up for grabs. AltLayer’s (ALT) token
and the claiming process went live on January 25, marking the beginning of what seems to be a token giveaway trend among blockchain protocols.
AltLayer’s launch of the ALT token
AltLayer (ALT) recently launched its token claiming process, with a generous allocation of 300 million tokens available in the initial airdrop. At the current average daily price of $0.32, this amounts to a staggering $96 million windfall for lucky recipients. Celestia stakers, eager to participate, are facing a slight delay due to “technical differences in the claiming mechanism,” as per AltLayer. Nevertheless, anticipation is high as several other projects gear up to shower eligible claimants with their respective tokens in the coming days.
📢Update:
One such project is the Multilayer rollup deployer Dymension, which is set to launch its mainnet soon. Dymension plans to airdrop a whopping 70 million DYM tokens, with distribution heavily favoring Celestia stakers and Pudgy Penguin NFT holders, alongside participants from the Solana and Ethereum ecosystems. Unfortunately, for those who missed the claiming period that closed on January 21, the opportunity has slipped through their fingers. At current prices, the DYM airdrop is estimated to be worth a staggering $210 million.
Adding to the token giveaway frenzy, the Solana-based decentralized exchange Jupiter has confirmed the launch of its JUP token on January 31. With a total of 1 billion tokens to be distributed, the airdrop’s current value stands at around $410 million.
Bitcoin Ordinals users might also find themselves in the running for a potential airdrop. Ordinals developer Leonidas recently unveiled “Runestone,” a decentralized “fairdrop” initiative designed to reward early Ordinals protocol users.
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