|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Stride Launches Airdrop Program for STRD Tokens
May 07, 2024 at 10:30 am
Stride, a Cosmos-based liquid staking platform, has initiated an airdrop program to distribute its STRD tokens. By staking Cosmos tokens on Stride, users receive liquid staked tokens (stTokens), allowing them to earn staking and DeFi yields. To qualify for the airdrop, users must stake Celestia (TIA) tokens on Stride's platform. The airdrop allocation period spans 150 days, with two phases distributing STRD tokens pro-rata to eligible addresses. After 180 days, participants can claim their STRD tokens.
Stride Announces Airdrop Program for STRD Tokens
Introduction
Stride, a blockchain platform within the Cosmos ecosystem, has announced an airdrop program to distribute its STRD tokens. The airdrop aims to incentivize participation and promote the adoption of Stride's liquid staking solution.
Understanding Stride
Stride is a liquid staking protocol specifically designed for the Cosmos ecosystem. It enables users to stake their tokens from various Cosmos chains while retaining the flexibility of liquid staked tokens (stTokens). This unique feature allows users to earn staking rewards and participate in DeFi activities across the Cosmos ecosystem.
Airdrop Eligibility and Requirements
The Stride airdrop program is targeting users who stake Celestia (TIA) tokens using Stride's platform. To participate in the airdrop, users must meet the following requirements:
- Possess a Keplr Wallet
- Hold Celestia (TIA) tokens
Airdrop Distribution Mechanism
The airdrop distribution will occur over a 150-day period, divided into two distinct phases:
- Phase 1 (60 days): 50,000 STRD tokens will be allocated daily to eligible addresses holding stTIA.
- Phase 2 (90 days): 22,222 STRD tokens will be allocated daily to eligible addresses.
Claiming and Unclaimed Tokens
Once an eligible stTIA holder receives their airdrop allocation, they must wait 180 days before claiming their STRD tokens. Unclaimed tokens will be returned to the community pool managed by Stride's community governance.
Conclusion
The Stride airdrop program presents an opportunity for users to participate in the growth and adoption of the Cosmos ecosystem. By staking TIA tokens through Stride, users can earn both staking rewards and STRD tokens, further expanding their DeFi capabilities within the Cosmos.
For more information and guidance, users can visit Stride's official social media channels or contact the Stride team directly.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Altcoins Set to Explode: Crypto Analysts Predict Record Highs in 2024
- May 17, 2024 at 03:19 pm
- Altcoins Poised for Explosive Growth: Crypto Analysts Predict ATHs in 2024 As the cryptocurrency market exhibits optimistic indications of a sustained
-
- Embrace Meme Coins: Diversify Your Crypto Holdings with Bonk and Raboo
- May 17, 2024 at 03:19 pm
- Embrace the Meme Coin Revolution: Diversify Your Crypto Portfolio with Bonk and Raboo In the ever-evolving crypto landscape, where volatility reigns s
-
- Three Cryptocurrencies Poised for Takeoff: Toncoin, Render, and Algotech
- May 17, 2024 at 03:17 pm
- Toncoin, Render, and Algotech: The Crypto Trifecta Set to Soar In the ever-evolving crypto market, where fortunes are made and lost with lightning spe
-
- AI Cryptos Lead Surge in Crypto Market: Render, Bittensor, and Raboo Dominate
- May 17, 2024 at 03:14 pm
- The Rise of AI Cryptos: Render, Bittensor, and Raboo Lead the Charge The cryptocurrency market is experiencing a resurgence in 2024, with a particular
-
- Furrever Token Aims to Rival Success of Crypto Giants, Channeling Cuteness and Engagement
- May 17, 2024 at 03:14 pm
- Furrever Token: Poised to Emerge as a Crypto Giant, Rivaling the Success of XRP, Cardano, and Polygon In the ever-evolving digital asset landscape, a
-
- Shiba Inu and Dogwifhat Soar as Meme Coin Adoption Expands
- May 17, 2024 at 03:05 pm
- Shiba Inu and Dogwifhat Surge Amidst Wider Meme Coin Adoption Integration with Global Payment Service Shiba Inu (SHIB), the second-largest meme coin b
-
- USD Index Key to Bitcoin's Potential 127% Surge, Says Analyst
- May 17, 2024 at 03:04 pm
- US Dollar Index Holds Key to Bitcoin Price Surge, Analyst Predicts 127% Rally Acclaimed financial analyst Jamie Coutts from Real Vision has asserted t
-
- CoinGeek AMA Highlights Blockchain Innovations Ahead of London Conference
- May 17, 2024 at 03:03 pm
- CoinGeek Weekly Livestream AMA Explores Blockchain Advancements as London Blockchain Conference Nears In anticipation of the London Blockchain Confere
-
- Chainlink Poised for Surge as Technical Analysis Reveals Bullish Momentum
- May 17, 2024 at 03:02 pm
- Chainlink Poised for a Surge, Technical Analysis Reveals Strong Bullish Momentum NEW DELHI, India (CoinChapter.com) - Chainlink (LINK), the leading pr