Toncoin

Million

Foundation

Rewards

Coin

<ul>
 <li>TON Foundation’s&nbsp; $2.2 million airdrop boosts Toncoin’s value to $7.65 ATH, then corrected to $7.22, reflecting dynamic market reactions.</li>
 <li>Eligible meme coin traders earn up to 90 free Toncoins per wallet, reinforcing loyalty and activity within the community.</li>
 <li>TON’s strategic approach enhances liquidity, fostering broader acceptance of meme coins in financial markets.</li>
</ul>
The TON Foundation recently executed a significant airdrop, distributing $2.2 million in Toncoins to the most active meme coin traders. This event marks a significant transaction in the crypto space, emphasizing TON’s ongoing commitment to its user base and its ambition to a vibrant trading environment.
Airdrop Mechanics and Eligibility
Between March 4 and April 10, meme coin traders who engaged in transactions on the DeDust and Ston.fi platforms found themselves the beneficiaries of a substantial airdrop. To qualify, traders had to actively participate in swapping whitelisted meme coins, accumulating points based on their trading volumes. The structure of the point system was simple and incentivized higher trading volumes with more points.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"> $2.19M airdrop for memecoin traders! TON Foundation just airdropped 300K <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TON</a> to the most active memecoin traders on <a href="https://twitter.com/dedust_io?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@dedust_io</a> and <a href="https://twitter.com/ston_fi?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ston_fi</a>. If you’ve been swapping whitelisted tokens between March 4th and April 10th, congrats! You’ve earned it. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f973.png" alt="🥳" class="wp-smiley" style="height: 1em; max-height: 1em;"> Details <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/VSRImzRoIh" rel="noopener noreferrer nofollow">pic.twitter.com/VSRImzRoIh</a>— TON <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f48e.png" alt="💎" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@ton_blockchain) <a href="https://twitter.com/ton_blockchain/status/1778456390069096626?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 11, 2024</a>
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The eligibility <a href="https://tonresear.ch/t/ton-airdrop-eligibility-and-distribution-rules/10783" target="_blank" rel="noopener noreferrer nofollow">criteria</a> ensured that traders were rewarded for their loyalty and activity. According to TON’s official communication, participants could receive up to 90 free Toncoins per wallet. However, it was noted that addresses identified as Sybil, those attempting to manipulate the airdrop by using multiple addresses, were disqualified, ensuring a fair distribution among genuine participants.
Market Response and Future Prospects
There was a remarkable volatility in the price of Toncoin after the announcement initially surging to a new all time high of $7.65 with a 14% gain in 24 hours. However, the price experienced a slight correction, dropping by 2.5% to $7.22 by press time.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/EVxbOagEKVIxqbWfwiU4LaadN07HSoEb5aIKYfL884mtjKYjhvLQ_5kIybS6DYXi_0nHtSapgS4xhtf0grBvOV6gmhkKdRsF70Wy94jXls6lulrj8R8zMyuUJVCiNF_MnctmOuhbYbxNwmDZ" alt="">
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TON 24hr price chart (source:<a href="https://coinmarketcap.com/currencies/toncoin/" target="_blank" rel="noopener noreferrer nofollow">coinmarketcap</a>)
This price movement highlights the dynamic nature of the cryptocurrency market, where news events such as airdrops can lead to rapid changes in asset values. The TON Foundation’s approach rewards strategically enhances the liquidity and transaction volume on its network.
As the cryptocurrency landscape continues to evolve, actions like these by the TON Foundation are crucial in maintaining the engagement and enthusiasm of traders. The ongoing integration of meme coins into serious trading platforms through such initiatives may also contribute to the broader acceptance and legitimacy of these assets in the financial markets. The outcome of this airdrop may well set a precedent for similar future endeavors in the fast-paced world of digital currencies.
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/telegrams-toncoin-integration-transforming-channels-elevating-ton-price/" rel="noopener noreferrer nofollow">Telegram’s Toncoin Integration: Transforming Channels, Elevating TON Price</a></li>
 <li><a href="https://cryptonewsland.com/toncoin-surges-23-as-open-league-projects-fuel-momentum/" rel="noopener noreferrer nofollow">Toncoin Surges 23% as Open League Projects Fuel Momentum</a></li>
 <li><a href="https://cryptonewsland.com/toncoin-surges-amidst-115m-open-league-initiative/" rel="noopener noreferrer nofollow">Toncoin Surges Amidst $115M Open League Initiative</a></li>
 <li><a href="https://cryptonewsland.com/toncoin-surges-amid-market-turmoil-poised-to-enter-top-10/" rel="noopener noreferrer nofollow">Toncoin Surges Amid Market Turmoil: Poised to Enter Top 10</a></li>
 <li><a href="https://cryptonewsland.com/toncoin-surges-into-top-10-cryptos-whats-fueling-the-rise/" rel="noopener noreferrer nofollow">Toncoin Surges into Top 10 Cryptos: What’s Fueling the Rise?</a></li>
</ul>
The post <a href="https://cryptonewsland.com/ton-foundation-rewards-active-meme-coin-traders-with-2-2-million-airdrop/" rel="noopener noreferrer nofollow">TON Foundation Rewards Active Meme Coin Traders with $2.2 Million Airdrop</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

TON Foundation Rewards Active Meme Coin Traders with $2.2 Million Airdrop

Crypto News Land

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