Music Protocol Announces $RECORD LBP Airdrop to Reward Early Supporters

New York, July 9, 2024—Music Protocol is introducing a community-focused initiative to reward early supporters of the $RECORD token

Music Protocol, a blockchain-based platform aiming to revolutionize the music industry, is introducing a community-focused initiative to reward early supporters of the $RECORD token. Participants in the $RECORD LBP (liquidity bootstrapping pool) event, scheduled to take place from July 8 to 11, will receive additional tokens, presenting an enticing opportunity for early investors.

To ensure that those who back the project from the initial stages are recognized and compensated for their commitment, Music Protocol has allocated 30 million $RECORD tokens to be airdropped exclusively to LBP participants.

"We understand the critical role community support plays, especially during the early phases of a token launch," said Sergio Mottola, Founder of Music Protocol. "Early backers are essential to a project's success, providing the necessary liquidity and trust to drive adoption. As a token of appreciation, we have allocated 30 million $RECORD tokens to be airdropped exclusively to LBP participants."

The $RECORD LBP Airdrop will reward early supporters with additional $RECORD tokens proportionate to their investment during the LBP. For every $RECORD token purchased in the LBP, participants will receive an additional 0.6 $RECORD, effectively providing a 60% bonus on their initial purchase.

The additional tokens will be distributed in three tranches over 90 days, ensuring a sustained reward for early supporters who continue to hold their $RECORD tokens:

30% of the airdropped tokens will be distributed within 24 hours of the LBP completion.

30% of the tokens will be airdropped 30 days after the LBP.

40% of the tokens will be airdropped 90 days after the LBP.

The $RECORD token is now available for trading on Uniswap, and participation in the LBP is open to all interested parties. Those who wish to support Music Protocol and benefit from the $RECORD LBP Airdrop are encouraged to participate in the event.

For more information on Music Protocol, visit https://www.musicprotocol.io/. Stay connected through the following channels:

Social Links X: https://x.com/MusicProtocolX

YouTube: https://www.youtube.com/@MusicProtocolYT

LinkedIn: https://www.linkedin.com/company/music-protocol/about/

Warpcast: https://warpcast.com/musicprotocol

Telegram: https://t.me/officialmusicprotocol

Discord: https://discord.com/invite/paf9kwua

Media Contact

Company: Music Protocol

Contact: Media Team

Email: support@musicprotocol.io

Website: https://www.musicprotocol.io/