Drift Protocol Announces 100 Million DRIFT Token Airdrop on Solana
Key Takeaways
- Drift, a Solana-based DEX, is preparing to airdrop 100 million DRIFT tokens as it transitions to a community-led governance model.
- The airdrop rewards existing users with 10% of DRIFT’s total supply and allocates 43% for ecosystem growth through trading rewards and providing liquidity.
- Venture capitalists and angel investors receive 22% of the tokens and allocate 25% to protocol development.
Drift, the Solana Network’s decentralized exchange (DEX), is gearing up for what’s next. We are airdropping 100 million DRIFT governance tokens.
The airdrop is part of Drift’s efforts to shift to a more community-centric governance model. Token holders can influence key operational decisions, including software upgrades and token listings.
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According to Drift’s announcement, the airdrop is scheduled for the coming weeks and follows its successful three-month points program. It attracted a diverse group of participants including traders, lenders, borrowers, and airdrop farmers.
10% of DRIFT’s total supply will be distributed to existing Drift users. Recognize support for the platform.
Most of the tokens are 43% is allocated to ecosystem development. Grow the active Drift user base through trading rewards, future airdrops, and rewards for providing liquidity.
venture capital company Polychain Capital, Multicoin Capital, etc. individual angel investor Including Solana founders Anatoly Yakovenko and Raj Gokal, who have collectively invested more than $25 million in the platform since 2021. You will be allocated 22% of total DRIFT tokens.
Other 25% is reserved for protocol development. Drift rewards contributors.
drift suggestion Multiple trading options, Includes perpetual and spot trading allowing up to 20x leverage. The platform is also introducing features for: Betting on tokens that have not been released yet The DRIFT token itself is exempt from this due to legal restrictions.
The upcoming DRIFT token airdrop represents an important step toward democratizing governance and increasing user participation in Drift.
In other news, the Solana blockchain recently airdropped $850 million worth of W, the Wormhole governance token.
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