Ether.fi airdrop tonight! Take a look at the application process at once

Ether.Fi, the largest liquidity re-pledge protocol on Ethereum, released the airdrop details of the governance token ETHFI this morning and announced its airdrop eligibility check website Claim.ether.fi Already updated online. It is reported that the total supply of ETHFI is 1 billion, with an initial circulation of 115.2 million. The total airdrop in the first quarter was 68 million, accounting for 6.8% of the total supply.

Airdrops are open for redemption tonight

According to the official announcement, the first quarter airdrop event has completed a snapshot on the 15th. Qualified users can go to the Claim.ether.fi applies for tokens, and the tokens will be simultaneously listed on major exchanges such as Binance. To meet the airdrop conditions, you must be an early user, an Ether.FanNFT holder, a pledger, an eETH or weETH holder , holding an ether.fi badge, etc., users will have 90 days to apply for tokens.

Unclaimed ETHFI tokens will be added to the second quarter airdrop. According to the current plan, the second quarter airdrop activity will airdrop 5% of the total tokens. The second quarter has been airdropped since March It will start at 7 a.m. on the 15th, and the deadline has not yet been announced, which means users can still participate.

According to the rules of token economics, the remaining tokens will be distributed by investors, partners, core contributors and protocol treasury.

Ether.Fi stated that after listening to the opinions of the community, it decided to increase the total number of token airdrops in the first quarter by more than 12 million, accounting for an additional 1.2% of the total supply. This airdrop will flow to small wallets Address will not dilute the rights and interests of Giant Whale.

The average number of airdrops received by each user is 575, and the median is 175. The person who received the largest number of airdrops was Justin Sun, the founder of Tron. He saved After investing US$480 million worth of stETH, according to the rules, more than 3.45 million ETHFI can be obtained. Based on the current over-the-counter price of US$5 per piece, it is worth US$17.25 million.

Ether.Fi emphasizes that Justin Sun's huge airdrop is compliant

It is worth noting that Sun Justin alone can receive a huge token airdrop, causing dissatisfaction in the community, but Ether.Fi founder Mike Silagadze Responding in Discord, the huge amount of airdrops received by Sun Yuchen’s address complied with the rules and did not dilute the amount claimed by other users.

Mike Silagadze explained that according to the rules of the airdrop countdown event, every increase in the total amount of protocol pledges by 50,000 ETH will increase the number of new airdrops accounting for 0.125% of the total supply. Therefore, its huge deposit behavior will instead The total amount of airdrops has been increased.

As part of the event, in addition to allocating an additional 0.125% token airdrop to new depositors, Ether.Fi will also allocate an additional 0.125% token airdrop to existing users, which means that existing Users can receive a total of 7.7 million additional ETHFI.

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