Despite heavy selling by top crypto influencers, the Kaito token surged 50% post-airdrop as analysts debate its tokenomics and future market potential.
Latest News on Airdrops
Airdrops are a marketing strategy blockchain projects use to send free tokens to specific wallet addresses.
Usually, beneficiaries participate in certain actions, such as joining a social networking platform, owning a specific cryptocurrency or interacting with the project community.
The objective of airdrops is to boost token distribution, attract users and promote interest in the project. Airdrops encourage community interaction and expand the user base.
Get all the latest news on airdrops with Cointelegraph!
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Kaito AI allocates 20% of its token supply for airdrops and incentives, sparking excitement and concerns over insider allocation and potential sell-offs.
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OpenSea has paused XP rewards for listing and bidding on collections in its new platform following feedback from the community.
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Hyperliquid launched HyperEVM on its layer-1 blockchain and unveiled a bug bounty program offering up to $1 million for security vulnerabilities.
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Artificial general intelligence firm Sentient held an NFT mint with over 650,000 participants.
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OpenSea CEO Devin Finzer said the community found a “test website” and that the information it contained was not actual terms and conditions.
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Proof of Liquidity layer-1 blockchain Berachain will airdrop approximately $632 million to eligible users alongside the launch of its mainnet on Feb. 6.
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MegaETH has unveiled soulbound NFTs to potentially raise $28 million as airdrop farming models receive heat.
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Real engagement and actionable marketing data – these Web3 challenges can be tackled with AI and next-level tech proposed by Midle.
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Community members who accessed the “OS2” private beta expressed frustration over the NFT marketplace’s airdrop dynamics.
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The deal would reportedly value the layer-2 developer at around $3 billion, Fortune reported.
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Hyperliquid airdropped 28% of its HYPE token supply to early users. The airdrop is now worth more than $7 billion, making it the most valuable in history.
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The layer-1 chain needs more than a successful perpetuals exchange to justify the HYPE token’s lofty valuation, according to the asset manager.
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Pudgy Penguins’ NFT sales have plummeted 52% in the past week,
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Rumors came after Phantom announced a new social discovery feature, where some speculated users would earn tokens by gaining followers.
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