Introduction:
The Layer One X (L1X) airdrop has raised concerns among some community members regarding potential future price instability. However, the approach we’ve adopted for this airdrop is strategically designed to bring maximum value to the community while maintaining market stability. Let’s break down how this airdrop works and why it’s a robust mechanism for growth without the feared “dump.”
Purpose of the Airdrop:
- The primary objective of the airdrop is to promote awareness of L1X-Swaps and enhance user participation. By tying the airdrop to TaskON activities, we ensure that participants actively contribute to the ecosystem through on-chain tasks, referrals, content creation, and social engagement. This approach guarantees that the airdrop attracts genuine users who are invested in the ecosystem’s growth. There are bot protection measures in place while we will be allocating the levels and performing the final eligibility check. To get more information on the airdrop visit here.
- With influencer and KOL marketing in place, the airdrop campaign allows for a single funnel establishment of awareness, seamlessly integrating community engagement, on-chain activity promotion, and ecosystem education. By consolidating efforts into one streamlined approach, we’re not only amplifying the reach of L1X but also ensuring that participants gain hands-on exposure to the L1X-Swap and its innovative features. This holistic strategy drives genuine interest and participation, paving the way for long-term adoption and ecosystem growth.
Key Safeguards to Prevent a Dump:
1. Coins Locked in the Release Pool:
• All airdrop coins will be allocated to the L1X Release Pool under Category B.
• These coins will become accessible 60 days after the DeX launch and will be distributed in controlled proportions based on liquidity performance. Initially, 10% of the airdrop allocation will be unlocked at the end of the campaign, while the remaining 90% will be vested linearly and deposited into the release pool.
• The Release Pool distributes only 30% of its allocation across airdrop participants, nodes, and developers, with the remaining 70% reserved for investors. Read more on this here.
2. Task-Based Distribution:
• Airdrop participants must complete meaningful tasks, such as performing swaps on the L1X-App and promoting awareness on TaskON, QuestN, and other platforms.
• This ensures that only active, contributing members are rewarded, fostering a sense of community-driven growth.
3. Controlled Coin Release:
• Even after 60 days, the coin release is tied to liquidity pool performance. This mechanism ensures a steady supply of coins without overwhelming the market.
• By locking all coins initially, we mitigate the risk of a sudden sell-off, thereby protecting the coin’s value and stability.
Community-Centric Design:
We’ve integrated the airdrop into a broader strategy to drive user engagement and retention:
• Swap-A-Thon Synergy: The airdrop complements the ongoing Swap-A-Thon by creating additional incentives for swaps, driving on-chain activity, and showcasing the utility of L1X.
• Awareness Building: Collaborations with TaskON, influencers, and KOLs focus on spreading the word about L1X’s innovative features, ensuring sustained growth in user participation.
Addressing Past Concerns:
In previous campaigns, the release of airdrop coins led to price dips. This time, we’ve learned from experience and implemented strict safeguards:
• 100% of the airdrop coins are locked in the Release Pool from day one.
• Coins will only flow into the market gradually, ensuring demand outweighs supply.
Conclusion:
The L1X Airdrop is more than just a reward program; it’s a carefully crafted strategy to drive adoption, engage the community, and ensure market stability. By aligning distribution with ecosystem growth and tying rewards to active participation, we’re creating a sustainable model that benefits everyone.
For more details, visit: Learn More About the Airdrop
This blog not only explains the mechanics but also reassures the community that the airdrop is designed with their best interests in mind.
