deBridge Unveils Airdrop Checker, 491,000 Users Eligible for DBR Tokens
Top 10% of participants set to receive 70% of initial airdrop, vesting schedule applies.
- Author: Sheldon Cooper
- Published: August 12, 2024 at 11:59
- Updated: August 12, 2024 at 12:35
deBridge, a prominent player in the cross-chain bridge space, has announced the launch of its highly anticipated DBR airdrop checker. The airdrop will be points-based and linear, following a trend in the Solana ecosystem to combat sybils and mercenary capital.
The season 1 Program concluded with a snapshot on July 23, 2024. Impressively, 491,000 users have qualified for the airdrop, indicating a high level of engagement within the deBridge ecosystem. The top 10% from the points leaderboard will receive 76% of the total airdrop allocation.
Airdrop Distribution and Eligibility
The initial airdrop will unlock 10% of the total DBR token supply. Out of this 10%, a substantial 6% is allocated specifically for Season 1 participants, rewarding their early involvement and contribution to the platform. The remaining 4% will be distributed through various initiatives, including the LFG vault, rewards for Jupiter DAO, and ensuring liquidity on Meteora's Dynamic Pool.
Eligibility criteria for the airdrop encompass active deBridge users who interacted with the protocol on at least 10 different days, along with the top 10% of JUP stakers on Jupiter. deBridge has taken precautions to ensure fairness by excluding sybil accounts and those exhibiting signs of airdrop farming.
A vesting schedule will be in place for the top 10% of DBR recipients. They will receive 50% of their DBR at launch, with the remaining balance unlocking six months later.
LFG Launch
The DBR token is expected to be launched on Jupiter's LFG launchpad by the end of this month. deBridge is experimenting with a new launch mechanism to achieve price stability upon launch.
To participate in the LFG vault, users must either be active deBridge users with interactions on at least 10 different days or rank among the top 10% of JUP stakers on Jupiter.
The DBR LFG launch, with a $250 million fully diluted valuation (FDV), will see only 2% of the total token supply (200,000,000 DBR) available for purchase at $0.025 per token. The launch is structured as a launch pool, distinct from traditional LFG launches, allowing only a select group of 28,029 eligible addresses to participate at the same price.
In recent months, the airdrop meta on Solana has experienced a downturn, with some recent launches disappointing users in terms of expected returns. All eyes will now be on DBR to see if it can reignite the airdrop excitement or join the ranks of forgotten Solana summer airdrops.