- 10% of the token supply was distributed at Liquidium token generation event.
An airdrop by Liquidium, a Bitcoin-based digital asset lending and borrowing platform, shocked both Ordinal holders and customers.
10% of the total token supply was issued during Liquidium’s token-generation event (TGE), which was marked by an unexpected airdrop. Of those tokens, 7% were given to Liquidium users and 3% were given to particular Ordinals communities.
An image from July 21 shows that the team approached the airdrop in tiers. Users with 1,000 points or more received 400 tokens, while those with less than 1,000 points received 200 tokens. Each qualifying ordinal was given 117 tokens by the holders of ordinals.
Liquidium is a peer-to-peer lending marketplace built on the Bitcoin network that allows users to borrow against Ordinals and Runes or lend their assets to earn interest. Ethereum’s non-fungible tokens are comparable to Bitcoin’s Ordinals and Runes (NFTs).
The platform revealed on July 18 that investors, including Asymmetric and CMS Holdings, had contributed $2.75 million in startup money.
Since being live on October 26, the protocol has reported a cumulative volume of $125 million. On May 13, Liquidium crossed 500 unique lenders and 600 unique borrowers, marking an all-time high for active users.
After the TGE, Liquidium’s Genesis Season comes to a close and its first season, or the first phase of user rewards, begins. Both seasons are expected to continue for two months.
The market capitalization of the Liquidium cryptocurrency, which trades under the ticker LIQUIDIUM, is $35 million at the moment.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
