XION mainnet goes live, launching the "Double or Nothing" gamified token airdrop mechanism

According to The Block, the Layer1 project XION has launched its mainnet and introduced a Double or Nothing mechanism. This gamifies the initial token airdrop, allowing eligible participants to choose to double their airdrop through a game-like spinning wheel or lose it all. The team stated that 5% (10 million) of the total supply of 200 million XION tokens were allocated for this airdrop, with 69% of the initial drop distributed to the XION community and the remaining portion given to industry participants supporting this ecosystem, including Berachain, Injective, Pyth, Monad, Milady, Brett and SPX6900 communities. 

Foresight News previously reported that XION completed $25 million in Series A financing in April this year with participation from Multicoin, Animoca and Arrington Capital among others.