DEX Drift on Solana plans to airdrop 100 million DRIFT tokens
Golden Finance reported that the Drift website and people familiar with the matter revealed that the Drift protocol, a decentralized exchange based on Solana, plans to launch the DRIFT governance token, airdrop assets to users within a few weeks, and establish a token-based governance structure. The new tokens follow a three-month points program, with the majority of the 100 million tokens in this airdrop going to long-term Drift users. In DRIFT's token economic model, 10% of the total supply of DRIFT will be allocated to users, 22% to venture investors, and 43% of tokens will be used for ecosystem development (which may include trading rewards, liquidity incentives, and future airdrop), 25% of the tokens are reserved for payment to Drift contributors for protocol development.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Small-cap tokens fall to a four-year low—Is the "altcoin bull run" completely hopeless?
Despite having a correlation as high as 0.9 with major crypto tokens, small-cap tokens have failed to provide any diversification value.

Countdown to Bank of Japan rate hike: Will the crypto market repeat its downturn?
Since 2024, each interest rate hike by the Bank of Japan has been accompanied by a drop of more than 20% in the price of bitcoin.

Why aren't large language models smarter than you?
The user's language patterns determine how much reasoning ability the model can demonstrate.

Michael Saylor hints at next Bitcoin buy as BTC falls below $88K
