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Non-custodial crypto wallet Phantom just issued a statement denying rumors that it will have a token airdrop. Last month, Phantom announced that it would be making the wallet more social by enabling users to customize their profile and search for and follow friends. In a post on social media platform X, the popular wallet with […]
The post Popular Crypto Wallet Phantom Dispels Airdrop Rumors, Says No Plans for Creating Its Own Token appeared first on The Daily Hodl.
DOGS has also entered into a partnership with Best Friends Animal Society, a nonprofit dedicated to animal welfare in the US.
DOGS, a memecoin built on The Open Network (TON), plans to donate over 6 billion tokens worth about $4.5 million to nonprofit organizations worldwide following the launch of a charity portal in late November.
The new platform allows registered nonprofit organizations across the globe to apply for funding, “reflecting DOGS’ commitment to redirect a significant portion of unclaimed airdrop tokens toward charitable initiatives,” it told Cointelegraph.
“Over the course of the year, more than 6 billion DOGS tokens, equivalent to $4.5 million at the current rate, will be distributed to selected organizations, following a thorough approval process,” it added.
Hyperliquid has distributed over 300 million HYPE tokens to eligible community members on Nov. 29.
Decentralized finance (DeFi) protocol Hyperliquid has entered the ranks of the largest airdrops in history with its genesis event on Nov. 29, when it distributed 310 million HYPE tokens to its community.
At the launch, the HYPE token was valued at $3.90, placing the total distribution at $1.2 billion, according to data from CoinGecko. The token’s value jumped by 63% within approximately 12 hours, trading at $6.16 at the time of this report. Its market capitalization currently nears the $2 billion mark.
HYPE token price on Nov. 29. Source: CoinGecko
Scroll’s native SCR token dropped roughly 32% on day one of trading after a controversial airdrop.
Scroll’s co-founder rebutted claims the Ethereum layer-2 network orchestrated a “predatory” token launch in October, dismissing the allegations as “wild” in a Nov. 28 post on the X platform.
Sandy Peng, Scroll’s co-founder and CEO, said Scroll has “been reflecting on community feedback” and is “working on addressing this with Session 2,” Scroll’s planned follow-on airdrop announced in October.
Additionally, Scroll is “restructuring to align with our next phase of development,” and “[s]ome team members are moving on,” Peng said.
The token, SCR, will be distributed through an Oct. 22 airdrop and listed on Binance, Scroll said.
Scroll is preparing to launch its native token, SCR, in what the Ethereum layer-2 (L2) network describes as its “first step toward decentralization.”
On Oct. 22, Scroll plans to list SCR on Binance and airdrop the token among the network’s existing users, according to an Oct. 8 blog post.
According to Scroll, “SCR will be used as a primary governance mechanism of the protocol and progress to being a protocol utility token as Scroll becomes more decentralized.”