Blockchain Project Prepares 50 Million Token Airdrop Ahead of Mainnet Launch

A blockchain project focused on creating a multichain ecosystem is preparing to reward its early supporters with a substantial airdrop.

The project plans to distribute 50 million tokens to participants ahead of its mainnet launch, representing 5% of the total supply of 1 billion tokens.

The majority of the airdrop, approximately 44.7 million tokens (around 90%), will be allocated to nearly 195,000 users who took part in the project’s 2024 testnet campaigns. These initiatives featured interactive blockchain activities, including a virtual pet breeding experiment named Jennie, aimed at testing the project’s technical capabilities.

Additional tokens will be distributed to users from the project’s ecosystem partners and social contributors. About 2.25 million tokens (4.5%) will go to active users from associated networks, such as LayerZero, IBC, and MilkyWay, based on transaction data. Another 3 million tokens (6%) are reserved for community members who actively participated on social platforms like Discord, Telegram, and X, helping to expand the project’s community presence.

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The project’s foundation has clarified that internal team members will not receive airdrop tokens, ensuring that the distribution focuses on community supporters. Eligible participants can check their status on the project’s official airdrop page and will have 30 days to claim their tokens once the mainnet becomes operational.

According to the foundation, this airdrop marks the beginning of building a native economy focused on both Layer 1 users and decentralized applications, including DeFi, on-chain games, and NFTs.

The project has attracted significant investment, raising over $24 million from notable backers such as YZi Labs (formerly Binance Labs), Delphi Ventures, and Hack VC. Its most recent funding round valued the token at $350 million, following an earlier round at $250 million.

The project’s development roadmap includes two core components: a Layer 1 blockchain and a platform for deploying interwoven optimistic rollups. The goal is to build a multichain ecosystem that integrates architecture, product, and economic layers. The rollups, branded as Minitias, utilize the Cosmos SDK and support various virtual machines, including EVM, MoveVM, and WasmVM, enabling flexible transaction processing within the Cosmos network.

More than a dozen projects are reportedly building Layer 2 solutions using this interwoven framework, emphasizing the project’s vision for a rollup-centric blockchain future.

Alexander Stefanov