Blum & XDAO Partner to Launch Quest with $DAO Token Airdrop
Blum Labs, a Telegram-integrated hybrid exchange, has shared details about the upcoming quest, titled âQuest with $DAO Token Airdrop,â in partnership with XDAO. According to the post, This unique quest is designed for Blum Labs users to participate in the exclusive $DAO token airdrop. The tweet revealed that Blum will drop 1% of TONxDAOâs future tokens ($DAO) as part of this quest. However, securing the airdrop is not guaranteed simply by completing the questâparticipants must use the TONxDAO bot to burn their energy bar, adding a strategic layer to the event.
The Quest is set to roll out gradually within 24 hours to ensure system stability, with a completion window from October 2 to October 6, 2024 (16:00 UTC). However, the drop is yet to be announced.
Users who wish to participate in this quest, kindly ensure your wallets are connected within the Blum app to qualify for the drop.
TONxDAO is the newest addition to Blum Labsâ partner projects to revolutionize how users interact with decentralized autonomous organizations (DAOs). TONxDAO allows users to form teams, create their own DAOs, and earn tokens. This will transform regular Telegram chats into potential income sources.
Blum Labs urged users on X to participate in âbiggest airdrops in Telegram Mini Apps historyâ by joining TONxDAO. With the launch of the $DAO token, Blum and XDAO are tapping into the trend of DAOs.
As promised, our community receives the majority of the tokens issued.
And importantly! No lockups or vesting for the community.
â New users and the next phases 172,500,000,000 $X (25%)
These tokens are allocated for new community members, further development, new projects, listing, liquidity, community incentives, market makers, team rewards, and more. We will share additional details about the distribution of this portion of the tokens in a future announcement.
IMPORTANT ANNOUNCEMENT đ¤ We want to say a big thank you to all our cats đâ⏠who have supported CATS đ¤Š
Itâs been an amazing journey building this project, and we are working hard to make CATS one of the most exciting SocialFi Meme project in crypto.
We know the app can sometimes be slow or under maintenance, and that can be frustrating đĽśđ
But we, the builders đˇ, are doing everything we can to make it better. Running an app for millions of users is a big challenge đââŹđĽ, but we love this challenge đ¤ and are improving every day, even though itâs not perfect yet đ¸.
Rest assured, all your transactions are safe and will be counted correctly during the snapshot for the airdrop balance đź
Also huge shout out to CATS listing partners: Bitget, ByBit, Gate, KuCoin, and others who are opening their doors to our community and project! đ
We will announce the final listing time in a couple days, once weâre confident that everything is ready for the chosen listing date in next weeks đ #cats
Frens, yes, we have indeed revised the tokenomics.
We have allocated an additional 34,500,000,000 $X tokens to the community.
We have already locked in the numbers and will distribute 70% of the supply based on the results of the first phase and the criteria described in the previous post.
Right now, we are in the final stages of ironing out the technical details for the TGE to ensure a smooth experience for all of you.
The listing will take place in the second half of October. We will announce the exact date in the coming days.
And to keep things interesting for you, based on numerous requests, we decided to spice up the wait for the listing with a nice bonus from our side.
That's why today we are launching the Chill Phase, for which we have allocated an additional 5% of the supply.
These 34.5 billion $X tokens will be distributed among the players who participate in the Chill Phase. This phase will be very short and will only last a couple of weeks.
All the characters will be reset, making it a true, live, and dynamic competition.
The 70% of tokens allocated from the first phase have been fixed, and your participation or non-participation in the Chill Phase will not affect them in any way.
Whether to participate or not is entirely up to you. We love you either way.
But on the other hand, whatâs stopping you from going after another slice of the pie with much lower competition and a shorter timeframe?
Think about it.
It seems like itâs going to be fast, fun, and vibrant.
It's a great opportunity for old players to feel the rush and speed of progress once more. And for newcomers who have recently joined, itâs a chance to fight for an Airdrop.
The total Airdrop allocation for the community will be 75%.
Luna is a cryptocurrency that was originally part of the Terra blockchain ecosystem, which aimed to provide stablecoins for decentralized finance (DeFi) applications. However, it underwent significant changes in 2022 after a major collapse, leading to the creation of a new version of Luna (often referred to as Luna 2.0).
Key points to consider about Luna:
Terra Network: Originally, Luna was used to stabilize the value of TerraUSD (UST), a stablecoin pegged to the US dollar.
Collapse: In May 2022, UST lost its peg, leading to a massive decline in Luna's value and prompting a major crisis in the crypto market.
Rebirth: In response to the collapse, the Terra community launched a new blockchain, and Luna was relaunched as Luna 2.0. The original Luna tokens were renamed Luna Classic (LUNC).
Current Status: The new Luna aims to build on lessons learned and regain trust, but its value remains highly volatile and speculative.
Investors should remain cautious and conduct thorough research before engaging with Luna or any cryptocurrency.