Boost

2024

Bitcoin

Foundation

<h4><strong>This event will distribute 120 million tokens, making up 12% of the total <a href="https://www.altcoinbuzz.io/?s=airdrop" target="_blank" rel="noopener">airdrop</a> supply, to eligible users.</strong></h4> 
<p>This initiative rewards DRIFT users’ loyalty and aims to enhance their influence over the protocol’s future.</p> 
<h5><strong>Rewarding Loyalty and Enhancing Community Influence</strong></h5> 
<p>By decentralizing ownership, DRIFT incentivizes user participation and aligns it with the protocol’s long-term success and governance.&nbsp;The airdrop consists of two main components: an initial allocation and a bonus allocation. The initial allocation will be available to all eligible users immediately at launch. This allows them to claim their tokens and actively participate in DRIFT’s governance processes.</p> 
<p>The bonus allocation adds an additional incentive, unlocking linearly over a span of 6 hours. This structured release mechanism aims to encourage long-term engagement and commitment among community members.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">DRIFT Launch Airdrop claims will go live on May 16 at 12pm UTC (8 AM EST)</p> 
 <p>This marks a significant step towards decentralizing <a href="https://twitter.com/DriftProtocol?ref_src=twsrc%5Etfw">@DriftProtocol</a>, acknowledging loyal users, and empowering the community with a greater voice in the protocol's future development.</p> 
 <p>More details <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/zMjQDLqzez">pic.twitter.com/zMjQDLqzez</a></p> 
 <p>— Drift Foundation (@DriftFDN) <a href="https://twitter.com/DriftFDN/status/1790141570685051034?ref_src=twsrc%5Etfw">May 13, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><strong>Structured Token Release to Boost Engagement</strong></h5> 
<p>Vesting begins at the time of the airdrop launch and will cease once a user claims their tokens. This method promotes the fair distribution of tokens, ensuring that the benefits of early participation and support are recognized and <a href="https://www.altcoinbuzz.io/?s=rewards" target="_blank" rel="noopener">rewarded</a>. It offers a clear framework for users to understand their contributions and benefits within the ecosystem.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Bonus Allocation Mechanism</p> 
 <p>This mechanism aims to reduce network congestion at any given time, creating a better experience for users while rewarding patient users along the way.</p> 
 <p>— Drift Foundation (@DriftFDN) <a href="https://twitter.com/DriftFDN/status/1790141573365162411?ref_src=twsrc%5Etfw">May 13, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>As <a href="https://drift.foundation/" target="_blank" rel="noopener">DRIFT Protocol</a> takes this pivotal step towards decentralization, the focus on empowering its user base is clear. The airdrop not only serves as a reward for loyal users but also as a foundational step for involving the community in the protocol’s decision-making processes.</p> 
<p>With 120 million tokens set to be distributed, the potential for increased user engagement and influence in DRIFT’s development is significant.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
<div class="youtube-embed" data-video_id="HY9C3-0TIaQ">
 <iframe title="Crypto Whales Are Ready For the Bull Run | Are You?" width="696" height="392" src="https://www.youtube.com/embed/HY9C3-0TIaQ?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/drift-protocol-announces-airdrop/">DRIFT Protocol Announces Airdrop</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

DRIFT Protocol Announces Airdrop

Altcoin Buzz

Other articles published on May 14, 2024

Stellar (XLM) Testnet Upgraded To Protocol 21, Will It Impact Price?

Ripple Seeks Confidentiality in SEC Case, as Top Analyst Predicts XRP Price Will Peak by September

4 BULLISH Signals for These L2 Cryptos

Participants in airdrops were discussed by CryptoRank analysts.

Chinese Authorities Dismantle $295 Million Illegal Crypto Ring

OKX Officially Forays Into Australia Via Local Regulated Entity

Join our free newsletter for daily crypto updates!