Pyth Network, a decentralized data oracle platform for blockchains, has scheduled its retrospective airdrop for Nov. 20.
Airdrop
According to available information, the PYTH token will have a total supply of 10 billion tokens with an initial circulating supply of 1.5 billion.
Pyth Network has earmarked almost 6% of the total tokens, or 600 million PYTH tokens, for its airdrop. The distribution includes 100 million tokens for decentralized applications (dApps), 255 million for on-chain activity by DeFi users, and 10 million for active members of the community.
The airdrop program is retroactive, rewarding longer-term users who have contributed to the network. Snapshots for on-chain and social activities have already been completed, making only those users who were previously involved in the network eligible.
Pyth announced:
“This airdrop is a cross-chain program and an expression of deep appreciation for the dedicated community of the Pyth oracle ecosystem.”
The claim process will c
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