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DOGS token to donate $4.5M of unclaimed airdrops to charities

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.

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Hyperliquid’s HYPE token surges 60% after billion-dollar airdrop

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

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Scroll refutes allegations of ‘predatory’ airdrop

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.

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Grass Network’s GRASS Token Falls Short in Market Debut After Airdrop

Grass Network’s GRASS Token Falls Short in Market Debut After AirdropFollowing its much-anticipated airdrop, Grass’s GRASS token struggles to gain momentum in a challenging market debut on Oct. 28, 2024. GRASS Token Airdrop Stumbles Amid Technical Issues and Market Decline The Grass network, a decentralized layer two (L2) platform on Solana, offers users the option to share their unused internet bandwidth to support data collection […]

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Debridge Closes Exclusive Token Sale for Certain Participants

Debridge Closes Exclusive Token Sale for Certain ParticipantsDebridge kicked off its LFG Vault for DBR tokens, giving active members of its ecosystem and Jupiter’s community an exclusive opportunity to acquire tokens at a locked-in price. With a focus on fairness and stability, the launch introduced a new token sale model designed to curb gas wars and market volatility. Debridge Releases A New […]

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Ethereum layer-2 Scroll tips native token launch

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.”

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Players Eye Lawsuits as Analysts Label Hamster Kombat a ‘Time Ponzi Scheme’

Players Eye Lawsuits as Analysts Label Hamster Kombat a ‘Time Ponzi Scheme’Analysts have begun to try to explain the weak performance of HMSTR, the Hamster Kombat official game token, since its token generation event and subsequent airdrop. Neomarkets chief analyst Oleg Kalmanovich assessed that one of the key problems for the projects included the dilution of HMSTR, calling its airdrop a time Ponzi scheme. Hamster Kombat […]

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‘Worst Airdrop in History’: Hamster Kombat to Reach 131M Users Amid Token Allocation Criticism

‘Worst Airdrop in History’: Hamster Kombat to Reach 131M Users Amid Token Allocation CriticismHamster Kombat, the sensation game on Telegram, is on the verge of embarking on one of the largest token distributions in history. The Hamster Kombat team disclosed that the airdrop will reach 131 million users. However, players have criticized the allocation of these tokens, with many stating that their efforts were not rewarded accordingly. Hamster […]

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Only 43% of users qualified for Hamster Kombat’s season 1 airdrop

The Hamster Kombat team said that 2.3 million users were banned from the game for cheating. 

The team behind the popular Telegram clicker game Hamster Kombat has revealed the details of its season one airdrop, saying that 60 billion tokens will be airdropped to qualified users. 

In an announcement posted on X, the Hamster Kombat team said that 75 billion of its 100 billion Hamster Kombat (HMSTR) tokens for the project are allocated to its community members.

The team revealed that 60% of the total token supply will be airdropped after season one, and the remaining 15% will be distributed during the upcoming season two of the clicker game. 

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Hamster Kombat Takes Season 1 Snapshot, Reveals Post-Airdrop Direction

Hamster Kombat Takes Season 1 Snapshot, Reveals Post-Airdrop DirectionAmidst generalized complaints from users who suffered token slashes for being labeled as cheaters, Hamster Kombat has announced that it has taken a snapshot for its season 1. With this move, the project has already closed the upcoming distribution of tokens, revealing the game’s future steps after the token generation event. Hamster Kombat Closes Season […]

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