As the crypto market teeters back into euphoric territory following a rally to three-month highs, several investors are focusing on the release of Scroll, a hyped layer-2 network that will release its native governance token next week.
If you have the money printer – as is the case for many of the blockchain projects with the power to create their own digital tokens – why wouldn't you use it? PLUS: Vitalik Buterin riffs on meme coin and Ethereum's new "blob market."
The DeFi protocol, which generates yield from ether derivative funding rates, is set to airdrop 750 million ENA tokens, 5% of the total supply, on April 2.
BNB holders transferred over $400 million worth of BNB tokens in 24 hours to benefit from cross-chain gaming project Portal's upcoming airdrop, Arkham Intelligence noted.
What Is An Airdrop? Airdrops are a marketing strategy used by blockchain-based projects to distribute free tokens to existing cryptocurrency holders or new users. Airdrops are often used to raise awareness of a new project, generate excitement, and attract new users.