Avail Opens Token AVAIL Airdrop Claim for Users
On the evening of April 18th, Avail, the modular blockchain infrastructure project, officially announced the criteria for its airdrop, which spans across various categories.
Avail Opens Token AVAIL Airdrop Claim for Users
After much speculation about the token launch last week, Avail has finally made official announcements on the evening of April 18th. According to the latest announcement from the project, 600 million AVAIL tokens will be distributed via airdrop to developers, stakers, and contributors to product development. Notably, the airdrop will span various ecosystems including Bitcoin, Ethereum, Solana, Cosmos, Avalanche, and Near.
The rewarded categories are as follows, ranging from developers across the blockchain ecosystem, incentivized testnet contributors, rollups users, Polygon PoS stakers and community members who have made significant contributions to the blockchain ecosystem. pic.twitter.com/Ht4gX8tTXU
— Avail (@AvailProject) April 18, 2024
The categories for airdrop allocation include:
- Developers with significant contributions on Github: 90 million tokens
- Participants in the Client Testing Program: 49.5 million tokens
- Users on popular Rollups such as Arbitrum One, OP Mainnet (Optimism), Polygon zkEVM, Starknet, and zkSync Era: 380 million tokens
- Stakers of PoS Polygon: 70 million tokens
- Contributors to product development content: 10.5 million tokens
The snapshot date for eligibility was March 31, 2024. Avail has not yet announced the official mainnet launch date for users to claim their AVAIL tokens, nor the project's tokenomics details.
AVAIL Token Functions
Initial information reveals that AVAIL tokens will serve functions including transaction fees, staking, and governance activities.
Avail is a modular infrastructure project that was spun off from Polygon following changes in ownership mechanisms in March 2023. Earlier in 2024, Avail announced the completion of a seed funding round, raising $27 million. The project focuses on developing three main product areas:
- Avail DA: A layer handling Data Availability to reduce data availability pressure for Rollups
- Avail Nexus: A platform to enhance user experience in cross-chain transactions
- Avail Fusion: A Restaking platform to support capital reuse from various asset types
Avail has indicated that approximately 360,000 wallets are eligible for the airdrop. Users have until May 4, 2024, to claim their airdropped tokens.
