Supra Reveals World Record 500,000 KYC Verified Users Ahead of TGE and $100m Ecosystem Fund Launch

Ahead of its planned Token Generation Event (TGE), Supra, the fully vertically integrated L1 blockchain equipped with Multi-VM support

ZUG, Switzerland, July 16, 2024 (GLOBE NEWSWIRE) -- Ahead of its Token Generation Event (TGE), Supra, the fully vertically integrated L1 blockchain equipped with Multi-VM support, in-protocol oracles, VRF, bridges, and automation features, has today revealed it successfully verified and qualified over 500,000 users for one of the fairest airdrops in the history of crypto.

By conducting KYC checks and qualifying more than 500,000 verified human users, Supra’s ‘Countdown to Blast Off’ learn-and-earn airdrop campaign succeeded in overcoming the challenge of bot plagues that have caused major controversy in dozens of high-profile airdrops in recent months. While most crypto projects conventionally attempt to deal with the challenge of farming bots in retrospect, Supra’s decision to introduce a KYC filter provided by Onfido.com helped prevent any major issues right from the get-go.

By verifying liveness and proof of personhood of each user across more than 190 countries, Supra ensured its Blast Off campaign was quite possibly the fairest airdrop ever seen in crypto. It guaranteed that no bots or sybil accounts were able to hijack the process, and meant that all 500,000+ participants are unique, KYC-verified humans eager to be part of its already vibrant community.

World Record TGE and $100m Ecosystem Fund

As Supra approaches TGE and the initiation of its high performance, vertically integrated Layer-1 blockchain, CEO Joshua Tobkin believes it is likely provable that the figure of 512,332 verified users is a world record for any L1 launch ever.

"To recruit so many users and have them commit to the KYC process is a significant achievement for us. I’m not sure the industry has ever seen such a large number of KYC’d human users become token holders from day 1 of a new blockchain, and we’re really proud of the support the crypto community has shown us,” said Tobkin.

In the coming months Supra plans to distribute its native $SUPRA token to their more than half a million “Countdown to Blast Off” campaign users, as well as to those who participated in their Public Token Sale back in October 2023. These participants will soon be onboarded to the Supra Layer-1 blockchain, and Supra is honored to welcome them as the founding members of its core community.

“We’re incredibly excited about distributing the $SUPRA token to over half a million real humans across the world in 190+ countries at our coming launch. Implementing KYC wasn’t easy, it came with its own unique challenges, but it was crucial to protect our community from bots and farmers. Even with liveness and proofs of personhood checks in place, our Project Blast Off has amassed one of the largest user bases in Web3, and soon they’ll all be onboarded to our L1 blockchain,” said CEO Tobkin.

In preparation for TGE, Supra recently launched the “Super dApp Showdown”, which offers a $100 million ecosystem fund for builders considering the best platform to launch their dApps, but beyond that, also gives these builders the opportunity to launch to the 512,000 verified and active users - a launchpad unique in the crypto landscape.

The Supra blockchain offers a full vertical integration of core services, including their industry-leading price feeds, verifiable randomness generator, automation and bridges into a single, high-performance Layer-1. Designed to reduce friction around onboarding and Web3 user experience, Supra’s L1 is powered by the groundbreaking Moonshot consensus mechanism, which brings blazing-fast performance and robust security guarantees to its network. In its advanced global testing phase, Supra demonstrated Moonshot’s ability to process 530k transactions per second throughput across 125 nodes globally distributed, with 500-millisecond optimistic finality and ~1.5 – 2 secs full finality, placing it head and shoulders above many other competing consensus mechanisms.

The team is currently in the concluding stages of its TGE, and will announce official details in the coming weeks.

About Supra

Supra is an all-new blockchain that vertically integrates oracles, bridges, automation and randomness into a powerful Layer-1 with MultiVM compatibility. It’s designed to give developers all the tools they need to build on one chain, enabling a new breed of Super dApps.

Supra is also a leading provider of oracle price feeds and verifiable randomness across 80+ blockchains with Layer-1 security guarantees. They focus on solving real problems for dApp developers and scaling Web3, supported by a developer toolkit with extensive guides and technical whitepapers.