1inch Exchange Airdrops Over 15 Million Tokens: Details and Eligibility Criteria

1inch Exchange Airdrops Over 15 Million Tokens: Details and Eligibility Criteria

1inch Exchange, a leading decentralized exchange (DEX) aggregator, has announced a massive airdrop of 15,055,000 1INCH tokens to celebrate the Chinese New Year. This latest distribution, worth approximately $84 million, follows a previous airdrop during Christmas 2020. The initiative aims to reward loyal users, attract new traders, and drive further adoption of the platform.

Breakdown of the Airdrop

Total Allocation

• 6 Million 1INCH Tokens: Reserved for Uniswap users who meet specific trading criteria.
• $9 Million in Tokens: Allocated to 1inch’s existing community, including:
  • 1inch users who missed the initial airdrop.
  • Liquidity providers in 1inch pools.
  • Users of the Mooniswap platform.

Value at Today’s Prices

• The total airdrop is valued at approximately $84 million, marking it as one of the most generous token distributions in DeFi history.

Eligibility Criteria for the Airdrop

To ensure fair distribution, the 1inch team has set detailed eligibility rules for different categories of users.

1. Returning 1inch Users

Users who missed the initial airdrop on Christmas 2020 can now qualify if:

• They interacted with the 1inch protocol before December 24, 2020.
• They made at least one trade before September 15, 2020.
• They completed a minimum of four transactions or traded more than $20.

2. Mooniswap Users

• Tokens are allocated to users and liquidity providers on Mooniswap, the previous AMM platform by 1inch.

3. Wallet Users

Minor allocations are set aside for users of wallets such as:

• Argent
• Gnosis
• Authereum
• Pillar

These wallets must have used transaction layers or limit orders.

4. New Uniswap Users

In an effort to attract new traders to the protocol, six million tokens are earmarked for:

• Wallets that interacted with Uniswap on at least 20 separate days in 2021.
• Users who executed more than three trades during that time.
• Wallets with no prior interaction with either 1inch or Mooniswap.

Strategic Impact of the Airdrop

1. Attracting New Users

• By targeting active Uniswap traders, 1inch aims to drive adoption and encourage users to explore its platform.
• Eligible users must connect their wallets to the 1inch protocol to claim tokens, introducing them to its user interface and features.

2. Rewarding Loyalty

• Existing users who missed out on the first airdrop receive a second chance to benefit, fostering community goodwill.

3. Competitive Positioning

• The airdrop establishes 1inch as a leading player in the DeFi space, setting a benchmark for user engagement and generosity.

How to Claim the Airdrop

Eligible users must:

1. Connect Wallets: Link their wallets to the 1inch platform.
2. Verify Eligibility: Check if they meet the airdrop criteria.
3. Claim Tokens: Follow the platform instructions to claim their 1INCH tokens.

Previous Airdrop Highlights

1inch’s first airdrop on Christmas Day 2020 marked the launch of its governance token and rewarded early adopters. However, the exclusion of Mooniswap users and liquidity providers sparked debate, leading to the more inclusive approach seen in this latest distribution.

Conclusion

The 1inch airdrop underscores the platform’s commitment to rewarding its community while expanding its user base. By targeting loyal users and active Uniswap traders, 1inch aims to solidify its position in the competitive DeFi ecosystem.

With over 15 million tokens up for grabs, the airdrop offers a unique opportunity for eligible users to benefit from the growing 1inch ecosystem. Connect your wallet today to see if you qualify!

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