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BCH $245.13 -0.74%
LINK $11.39 -0.02%
HYPE $82.92 +1.26%
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airdrop

Airdrop is a cryptocurrency distribution strategy where project teams distribute tokens for free to specific user groups to increase the project's visibility and user engagement. Typically, Airdrops are distributed to users holding specific tokens or participating in specific activities. The goal is to promote the ecological development and market liquidity of the project by increasing the number of token holders. Airdrops are also commonly used to reward early supporters or incentivize users to participate in the governance and development of the project.
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first_img Doppler Finance has launched its native token XDP, with a total supply of 10 billion

Doppler Finance announced the launch of the native utility and governance token XDP, serving as the protocol coordination layer, supporting user participation, decentralized governance, and ecological growth. XDP is designed around three main functions: protocol privileges, governance, and future security modules. Users can stake XDP to gain access to premium vaults and strategies, priority for new products, and eligibility to participate in ecological activities; staking details will be announced separately.In terms of governance, XDP holders can participate in decisions regarding protocol parameters, ecological incentive budgets, vault plans, and future functionalities. The security module is planned to be launched in subsequent phases, where eligible users can configure their staked XDP into a coverage pool, assuming corresponding risks to earn additional incentives. The total supply of XDP is 10 billion, with over half allocated to ecological development, vaults, partners, and community growth, while contributors and investors have longer lock-up and vesting arrangements.The XDP genesis airdrop accounts for 1.0%, which will be fully unlocked for early users, contributors, and supporters at TGE; an additional 43% is allocated for ecology and incentives, to support subsequent Doppler Points seasons, XDP staking, and other community programs. The official contract address will only be published through official Doppler channels, and users should be wary of third-party information, phishing websites, and any requests for funds or private keys.

first_img Optimism transfers 546.9 million OP airdrop reserves to the strategic fund

Optimism governance has approved a proposal to transfer 546.9 million OP tokens (valued at approximately $49.7 million at the time of voting) originally reserved for future user airdrops to a strategic ecosystem fund managed by the Optimism Foundation. This move cancels the remaining dedicated airdrop pool and authorizes the foundation to use the tokens for collaborative transactions, incentives, and other initiatives to promote the growth of OP Mainnet and OP Enterprise. The proposal clearly states that there are currently no additional airdrop plans, and the tokens distributed in Airdrop 1 to 5 are unaffected.On-chain voting ultimately passed with 17.974 million OP in support and 10.931 million against. The core development team Test in Prod cast 8.486 million OP in favor about 17 minutes before the end of voting, raising the support rate from 45.77% to 61.84%; without that vote, the support rate would have been only 46.47%. The team claims to be fully funded by the Optimism Collective and has been involved in the development of OP Stack execution clients, network upgrades, and fault proofs since 2022.The Foundation stated that it has distributed 269.1 million OP through five airdrops, but broad user acquisition no longer aligns with the current institutional strategy. The new fund can support transactions related to chains, protocols, institutions, and infrastructure, as well as incentives for OP Mainnet activities and liquidity. Some representatives believe the authorization is too broad, and the L2BEAT governance team is calling for clearer deployment expectations, evaluation methods, and success criteria. The foundation will update public token accounting and disclose cumulative deployment status in the annual budget report.

Optimism governance vote sparks controversy: 5.469 million OP tokens transferred from user airdrop to ecological fund

According to CoinDesk, a governance proposal from the Optimism community has been approved, reallocating 546.9 million OP tokens originally planned for user airdrops to the "Strategic Ecosystem Fund" managed by the Optimism Foundation, sparking discussions in the community about governance transparency and user rights. The OP tokens involved account for approximately 12.7% of the total supply, valued at about $49.7 million at current prices.The Optimism Foundation stated that as the ecological strategy shifts towards institutional adoption and corporate partnerships, large-scale user airdrops are no longer fully aligned with the current development direction. Unused tokens can be utilized for ecosystem incentives, partnership building, and enterprise-level project expansion. The final vote resulted in 17.974 million OP in support and 10.931 million OP against the proposal.A key turning point occurred 16 minutes and 52 seconds before the voting ended, when the Optimism core development team Test in Prod (delegate.testinprod-io.eth) cast 8.486 million OP in support, raising the approval rate from 45.77% to 61.84%, ultimately pushing the proposal through.If the vote from Test in Prod were excluded, the support rate for the proposal would only be 46.47%, which would not have passed, and the related tokens might have remained in the user allocation pool. The Optimism Foundation previously committed to disclosing the cumulative usage of the fund and related results through an annual budget report. This vote has also reignited discussions about the influence of "large delegated voting rights" in DAO governance and the balance of rights for token holders.
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