Drift Protocol on Solana Announces Airdrop of 100 Million DRIFT Tokens: Rewarding Community Engagement and Development Milestones
Drift Protocol on Solana Announces Airdrop of 100 Million DRIFT Tokens: What to Know
Drift Protocol, a decentralized exchange protocol on the Solana blockchain for trading crypto perpetual futures, has exciting news for its users. The platform has announced the imminent airdrop of its governance token, DRIFT. This initiative comes after a three-month engagement program aimed at rewarding the platform’s users, especially long-standing ones.
The protocol plans to distribute 100 million tokens, which make up 10% of the total one billion token supply, to its users. The airdrop will be distributed to loyal Drift users, including long-standing traders (OGs) and Trader Points members. More details on eligibility criteria and how to claim your allocation will be provided soon by the Drift team.
The airdrop targets 180,000 of Drift’s most active users, recognizing their engagement and contributions to the platform. This move follows a three-month points program designed to boost participation by traders, borrowers, lenders, and airdrop farmers. The Drift DAO Foundation will oversee the coordination of initiatives and decision-making among token holders and the DAO, ensuring a decentralized governance structure.
There will be a substantial distribution of DRIFT tokens over five years, with allocations for community and ecosystem initiatives, protocol development, and strategic participants. Drift has taken comprehensive measures, including multiple snapshots and extensive activity analysis over the past three years, to prepare for this significant airdrop.
Since its launch in 2021 as one of Solana’s first DeFi projects, Drift has facilitated over $20 billion in cumulative trading volume and has a total value locked exceeding $256 million. Notable venture capital firms and Solana founders have invested over $25 million in Drift, showcasing confidence in the platform’s growth and development.
Stay tuned for more updates on the DRIFT token airdrop and how you can participate in this exciting opportunity to be rewarded for your involvement in the Drift community.
