The 1inch.exchange protocol, a platform that brings together decentralized exchanges and provides its own automated market maker, dumps a fresh supply of its 1INCH tokens.
Airdrop followed the first generation of new Christmas tokens issued to previous users of the complex. A common stumbling block for the first airdrop was the exclusion of Mooniswap users and liquidity providers when the project’s AMM platform was replaced with a built-in 1-inch liquidity protocol.
The new Airdrop, which was already delivered at 17:00 UTC, will distribute tokens retroactively to anyone who interacted with Mooniswap before December 24th. Approximately 4.8 million icons will be distributed to 9,094 Mooniswap users. It is up to 527 inches, costing around $ 3,000. An additional 3.57 million tokens were awarded to 1308 participants in the previous cash mining program in November. Finally, 310,000 tokens were delivered to restrict order users and a further 375,000 to smart contract wallet users such as Argent, Authereum, Gnosis and Pillar – provided they were eligible for the first distribution if they used regular wallets.
Finally, the project has distributed 6 million 1INCH tokens to particularly active Uniswap traders. To receive an airdrop, merchants must interact with Uniswap for at least 20 separate days and complete at least 3 trades by 2021. Also, your wallet should not interact with 1 inch or Mooniswap earlier.
According to the 1-inch speaker, there are about 25,000 such games, each receiving 240 tokens, or $ 1350 at current prices. A spokesman said the release appears to lure active Uniswap dealers into a 1-inch lawsuit. To receive an airdrop, these users must connect their wallet to a protocol that must identify them at the interface.
Air drops for users of other protocols are not a new concept. For example, BadgerDAO’s Airdrop has provided tokens to DeFi users – those involved in managing various protocols, as well as coins and users of various Bitcoin (BTC) tokens in Ethereum.
Typically, the purpose of these air drops was to position the original token supplies correctly so that only active DeFi members would receive them. 1-inch Airdrops now has one specific goal: to steal some users from Uniswap.
Uniswap is no stranger to other protocols that try to undermine it. The SushiSwap program was born as an attempt to steal liquidity from Uniswap, as its productive breeding program specifically requires the use of Uniswap aggregate tokens. The idea was that Uniswap’s liquidity providers would automatically switch to SushiSwap, even if in the end most of SUSHI’s capital was attracted by outsiders, and the “vampire attack” eventually led to the increase in Uniswap.
It is widely believed that UNI Airdrop, which popularized the concept of rewarding former users for basic actions, was a response to the failed SushiSwap attack. In a ridiculous twist on fate, Airdrop Uniswap evidence is now being used against him by another competitor.