TON Foundation Airdrops 300,000 Toncoin to Meme Coin Traders

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The TON Foundation from The Open Network gave out 300,000 units of Toncoin to lively traders in the meme coin market on DeDust and Ston.fi communities.

3/ 📊 Points system:More trades = more pointsMore swaps = more pointsMore variety of whitelisted tokens = more pointsHigher balance of whitelisted tokens = more pointsYour total points gave you a final score, which determined your slice of the airdrop pie! 🍰— TON 💎 (@ton_blockchain) April 11, 2024

Approximately $2.19 million worth of the airdrop was distributed to traders involved in trading certain meme coins from March 4 to April 10. To be eligible for this reward, individuals needed to make trades and earn points during this time frame.

The distribution offered 90 free tokens per eligible wallet, excluding Sybil addresses to ensure fairness. Prior to the announcement, Toncoin reached a new all-time high, surging over 14% to $7.65 per token. However, after the news, TON’s price dipped by 5% to $7.22.

This undertaking intends to boost meme coin trading and investment on the TON blockchain, capitalizing on the meme coin craze. Notable platforms such as Solana have witnessed remarkable growth in tokens like Dogwifhat (WIF) and Book of Meme (BOME), leaving early backers with substantial profits.

In simpler terms, the airdrop shows that TON is dedicated to attracting fans of meme coins and making use of the rising popularity of meme tokens on the blockchain.

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2024-04-12 07:48