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Cryptocurrency News Articles

Tellor Airdrops 40% of Token Supply, Empowering Community

Apr 15, 2024 at 04:04 am

Tellor, a prominent liquidity hub, announces the distribution of its $TRB token through airdrops. With a total supply of $10 billion TRB, 40% is allocated for airdrops, with an initial distribution of 1 billion TRB to eligible wallets that engaged with Tellor before November 2nd. Subsequent airdrops will distribute the remaining supply to enthusiastic users.

Tellor Airdrops 40% of Token Supply, Empowering Community

Tellor Announces Major Airdrop Distribution, Allocating 40% of Total Token Supply to Community

Tellor, a leading liquidity hub and decentralized price oracle network, has announced the commencement of a comprehensive airdrop program, distributing a substantial portion of its native token, TRB, to its user base. This significant airdrop is expected to unlock significant value for holders while further solidifying Tellor's position as a key player in the decentralized finance (DeFi) ecosystem.

The airdrop program has been designed to reward active users who have engaged with Tellor's services prior to November 2, 2022. These eligible participants will receive a substantial allocation of TRB tokens, representing approximately one-tenth of the total supply.

Tellor's airdrop distribution will occur over four distinct rounds, with each round distributing a specific percentage of the total airdrop allocation. The first round, which is currently underway, will distribute approximately 1 billion TRB tokens to eligible participants who interacted with Tellor's platform before the specified cutoff date.

In a statement released by Tellor's team, the company emphasized the importance of the airdrop in rewarding its loyal user base and fostering the growth of the Tellor ecosystem:

"We are delighted to launch our airdrop program and share the value of Tellor with our valued community. This distribution represents our commitment to recognizing the contributions of early adopters and creating a vibrant and engaged ecosystem around our platform."

The airdrop distribution is being facilitated through TokenPocket, Tellor's counterparty underwriter. To claim their TRB tokens, eligible participants can follow a simple step-by-step process outlined on Tellor's official website:

  1. Visit the TRB COIN Airdrop page.
  2. Connect your wallet to the platform.
  3. Claim your TRB tokens.

The airdrop process is designed to be straightforward and accessible to all eligible participants. Once claimed, TRB tokens can be used for various purposes within the Tellor ecosystem, including staking, governance, and providing liquidity on decentralized exchanges (DEXs).

Tellor's airdrop distribution is a testament to the company's dedication to building a sustainable and community-driven ecosystem. By rewarding active users and incentivizing future participation, Tellor is laying the foundation for long-term growth and success.

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