The TON Foundation made waves in the crypto world with a surprise airdrop worth $600,000 aimed at boosting the NFT (Non-Fungible Token) ecosystem on the TON blockchain. This move highlights the foundation’s efforts to attract users and potentially reignite interest in the NFT market.
Who Got Lucky?
The airdrop targeted active NFT traders on three specific marketplaces: Getgems, xRare, and Ton NFT Diamonds. A snapshot was taken on April 23rd to determine eligibility, with anyone actively trading on these platforms between April 11th and the snapshot date qualifying for a piece of the pie. However, simply owning NFTs wasn’t enough – the airdrop excluded non-wallet addresses, Sybil wallets (used to manipulate rewards), and those who only held NFTs without actively trading them.
Reward System Explained
The TON Foundation opted for a unique approach, ditching a simple points system based solely on the number of NFT collections traded. Instead, a more nuanced system considered various on-chain metrics. Users received points based on the number of NFT collections traded, the number of individual NFT transactions, and the total trading volume per user. This approach rewarded users who were more deeply engaged in the TON NFT ecosystem.
Claiming Your Share of TON
The number of points a user accumulated determined their airdrop reward, awarded in TON, the native token of the Ton blockchain. Those with a lower points range (2-5) received 40 TON, with rewards increasing proportionally for users with higher point totals.
While the airdrop undoubtedly generated excitement, the timing is noteworthy. The broader crypto market was experiencing a downturn at the time, leading to an 8.81% price drop for TON tokens within the last 24 hours. This price movement highlights the independent nature of the market and the potential disconnect between airdrop hype and token price performance.
Beyond the Airdrop: TON’s Broader Vision
Despite the price dip, the airdrop signifies the TON Foundation’s proactive approach. Their recent launch of Memelandia, a platform designed to attract institutions to meme coins, further demonstrates their commitment to innovation and diversification within the crypto space. This multi-pronged approach could fuel long-term growth for the TON ecosystem, fostering optimism among crypto enthusiasts.
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