Magic Eden’s $5B Token Airdrop Raises Crypto Wallet Security Questions
To claim aidrops, users had to download Magic Eden’s wallet, a highly atypical process that industry insiders said threatened to breach security best practices.
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To claim aidrops, users had to download Magic Eden’s wallet, a highly atypical process that industry insiders said threatened to breach security best practices.
Airdrop farmers are up in arms over the release of layer-2 network Scroll’s airdrop allocation this week, with 7% being set aside for early adopters whilst centralized exchange Binance will receive 5.5% for its Launchpool users.
Restaking protocol EigenLayer said it will distribute 86 million EIGEN tokens, around 5% of the total supply, to stakers, node operators, ecosystem partners and community members.
In this week’s issue of CoinDesk’s newsletter on blockchain tech, we examine U.S. Senator Cynthia Lummis’s call for a national “Bitcoin Strategic Reserve.” We’ve also got photos from the Bitcoin Nashville conference, where it seemed like nearly everyone was talking about staple-gunning layer-2 networks onto the original blockchain.
The exchange says it has already more than $25 billion in trading volume since inception, with more than $1 million in revenue.
Blast is the second largest layer 2 network with $1.6 billion in TVL.
The donations appear to be mandatory and the LayerZero Foundation will match proceeds upto $10 million.
The layer-2 blockchain ZKsync, has kicked off its highly anticipated airdrop of its ZK token, with 45% of the tokens already claimed.
According to the plan released Tuesday, 17.5% of ZK’s 21 billion total token supply will be airdropped to users beginning “next week.”
Zero-knowledge (ZK) rollup zkSync has suggested that a governance token airdrop will take place at the end of June.