TON Foundation Drops $600K Airdrop for NFT Traders

The TON Foundation announced a $600K airdrop of 105,600 TON for active NFT traders on Getgems, xRare, and Ton NFT Diamonds. The snapshot was taken on April 23, and eligible traders can redeem their points for TON tokens. The airdrop excluded Sybil wallet addresses and non-wallet addresses, and points were awarded based on the number of NFT collections traded and the total value of NFT transactions.

TON Foundation Distributes $600K in Airdrop to Active NFT Traders

In a recent announcement, the TON Foundation has unveiled an airdrop worth $600K for active NFT traders and holders. The airdrop, which captured a snapshot on April 23 at 8:00 AM CEST, targeted eligible traders on the NFT marketplaces Getgems, xRare, and Ton NFT Diamonds.

Eligibility Criteria and Timeline

To be eligible for the airdrop, traders had to be actively engaged on the specified NFT platforms from April 11 (2 PM CEST) to April 23 (8 AM CEST). The airdrop excluded Sybil wallet addresses, non-wallet addresses, and owners of NFT collections.

Redemption of Points

The airdrop introduced a point system that rewarded traders based on various on-chain metrics. Users who transferred between 2 to 4 NFT collections earned 1 point. The number of points awarded increased proportionally with the number of collections traded, establishing a direct link between points earned and incentives.

Additionally, points were distributed according to other metrics, such as the total number of NFT transactions and the amount of NFT trading per user. Participants in the airdrop could redeem their accumulated points for TON, the native token of the Ton blockchain, as incentives.

Criteria-Based Reward Mechanism

The TON Foundation decided against a point system that would have allowed users to earn airdrop rewards based on a variety of on-chain criteria. This approach aimed to reward traders who actively engaged in NFT trading rather than simply accumulating collections.

Transparency and Accessibility

The airdrop is open to all NFT collections on the aforementioned marketplaces, ensuring fairness and accessibility for all eligible traders. The implementation of a snapshot mechanism provides a transparent and verifiable record of eligible recipients.

Significance for the TON Ecosystem

This airdrop represents a significant step for the TON ecosystem, demonstrating the team's commitment to supporting and rewarding active traders and holders within the NFT space. It also highlights the growth and adoption of the TON blockchain, which has seen increased interest in recent months.

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