Key Takeaways
- Drift, a Solana-based DEX, is making ready to airdrop 100 million DRIFT tokens, transitioning to a community-led governance mannequin;
- The airdrop rewards present customers with 10% of DRIFT’s whole provide and allocates 43% for ecosystem development by buying and selling rewards and liquidity provision;
- Enterprise capitalists and angel buyers will obtain 22% of the tokens, with one other 25% devoted to protocol growth.
Drift, a decentralized trade (DEX) on the Solana community, is gearing as much as airdrop 100 million DRIFT governance tokens.
The airdrop is a part of Drift’s effort to transition to a extra community-driven governance mannequin, the place token holders can affect key operational selections, comparable to software program upgrades and token listings.
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Based on Drift’s announcement, the airdrop is scheduled for the approaching weeks and follows a three-month factors program that efficiently attracted a various group of members, together with merchants, debtors, lenders, and airdrop farmers.
10% of DRIFT’s whole provide might be distributed to present Drift customers, recognizing their help of the platform.
The vast majority of the tokens, 43%, are allotted in direction of ecosystem growth to extend the energetic Drift consumer base by buying and selling rewards, future airdrops, and rewards for offering liquidity.
Enterprise capital companies comparable to Polychain Capital and Multicoin Capital, in addition to particular person angel buyers together with Solana founders Anatoly Yakovenko and Raj Gokal, who’ve collectively invested over $25 million within the platform since 2021, will obtain a 22% allocation of the full DRIFT tokens.
One other 25% is reserved for protocol growth to compensate Drift’s contributors.
Drift gives a number of buying and selling choices, together with perpetuals buying and selling that permits as much as 20x leverage, and spot buying and selling. The platform can also be introducing a function for betting on tokens that aren’t but launched, though the DRIFT token itself might be exempt from this as a result of authorized restrictions.
The upcoming DRIFT token airdrop represents a big step in direction of democratizing governance and boosting consumer involvement in Drift.
In different information, the Solana blockchain has additionally lately seen a $850 million airdrop of Wormhole’s governance token, W.
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