Magic Eden, Anzen Finance, Fuel, and Odos

In this article, we do a recap of all the latest news in the crypto airdrop sector.

Some projects, like Magic Eden and Anzen Finance, have released their own token to their respective communities, stirring mixed emotions.

Others, however, like Fuel and Odos, have planned the launch and distribution of their digital resources, which will debut on the market by the end of the year.

Let’s see all the details below.

The NFT marketplace Magic Eden releases the airdrop of the crypto ME: $15 billion of FDV at launch

On December 10, Magic Eden, a well-known cross-chain NFT marketplace, launched the airdrop of its native crypto ME, achieving great success.

The token, distributed to over 100,000 users, reached a valuation of 15 billion dollars in FDV immediately after the listing on the crypto exchanges.

In total, 125 million tokens were airdropped, equal to 12.5% of the total supply, with almost 69 million ME redeemed in the first hour after the claim opened.

Unlike other recent successful airdrops, such as the one from Hyperliquid, in this case, the price action was very bear at the TGE.

The crypto ME collapsed by 54% just 24 hours after its official debut, dropping from a peak of 17 dollars to about 5 dollars.

In any case, this was a great event for Magid Eden, which attracted a lot of participation, recording a trading volume of 300 million dollars.

At the time of writing the article, the FDV is 4.2 billion dollars while the market cap is around 550 million dollars.

The large numbers marked by the Magic Eden airdrop clash with a tense atmosphere within the crypto community, where several users complain about difficult claiming processes.

The project required all eligible participants to execute the claim through the internal wallet of the marketplace. By doing so, everyone who interacted with the application from other wallets (MetaMask, Rabby, etc.) had to import their own private keys directly into the Magic Eden app.

The process has undoubtedly increased the adoption of the new Magic Eden wallet, but at the same time it has significantly increased the risk of cyber incidents.

Some users report having been hacked while trying to import their own wallet, while others point to potential privacy vulnerabilities.

The RWA Anzen Finance project launches the governance token ANZ after the public sale

On December 9, the project Anzen Finance introduced its native token ANZ, following the public sale that took place a few days earlier on Fjord Foundry.

After attracting as much as 3 million dollars in purchases in just 7 minutes in the anticipatory market, the RWA application debuted with its governance token on the Base blockchain.

In total, 336 million tokens have been distributed to a total of 12,000 wallets, for an average of 28,000 tokens per user.

The distribution took place on a multi-level structure to ensure an equitable distribution. The first 500 wallets received tokens on a linear scale, with 50% of the tokens locked for six months to promote long-term alignment.

The remaining eligible wallets have been able to redeem all the ANZ immediately.

At launch, the coin of the RWA project recorded an FDV of about 6 million dollars, significantly smaller compared to that of Magic Eden.

Despite this, the airdrop was greatly appreciated by the farmers, who managed to earn a good profit considering the low competition and the low TVL.

At the moment Anzen boasts a sum of locked capital amounting to 92 million dollars, particularly growing compared to the last few months.

Given and considering the bullish trend of the RWA platform, it is possible that ANZ may reserve a fiery price action in the coming weeks.

The currency is still very small and has a lot of room to grow if Anzen Finance continues to bring new activity to its dApp.

Ethereum Fuel’s layer-2 announces airdrop to its crypto community

On December 10, the Layer 2 Fuel Network project unveiled the details regarding the crypto airdrop of FUEL, the new native token of its optimistic rollup.

The objective of Fuel is to increase the sicurezza of its chain by decentralizing the sequencer of its network.

The currency will have a supply of 10 billion and will be issued as an ERC-20 token within the Ethereum mainnet.

20% of the entire supply, or 2 billion FUEL, have been allocated as rewards to the community that participated in the growth of the project.

In particular, the airdrop can be claimed by all participants of the Fuel Points Program and by all those who have interacted with the incentivized testnet.

The project has raised 80 million dollars in a series of funding rounds, reaching a valuation of 1 billion dollars.

We expect substantial rewards for the farmers. The launch of the token is expected within the next few weeks.

In the meantime, those who have used the Fuel bridge at least once will be able to participate in a private sale on the Impossible Finance platform.

100 million FUEL tokens, equal to 1% of the supply, have been put up for grabs at a fixed price of $0.02 for a FDV of $200 million.

To participate, it is necessary to hold on the Arbitrum network at least 15 IDIA tokens and 2000 USDC.

The DEX aggregator Odos introduces an airdrop after 4 years of waiting for the farmers

The latest weekly news in the airdrop sector concerns the announcement from the DEX aggregator Odos, which revealed the introduction of its governance token with a tweet on X.

After a full 4 years of waiting since the official launch, here finally come the rewards for those who have interacted with the protocol through the Arbitrum and ZKSync chains.

In detail, all those who have made trades on at least 3 different days between March 11, 2022, and August 28, 2024, creating a minimum volume of 100 dollars, are eligible.

The TGE of the crypto ODOS is scheduled for December 20 at 5AM UTC, with the asset having a total supply of 10 billion units.

The claim dell’airdrop non è ancora attivo ma gli utenti eleggibili possono già verificare la propria allocazione in attesa del grande evento.

The eligible users are approximately 500,000, making the distribution particularly diluted with a low remunerative potential.

According to the professional farmer “CC2Ventures” the token will not have an FDV higher than 300 million dollars. This means that the token will likely be traded at a price equal to or lower than 0.03 dollars.

ODOS will not be used solely for community governance, but also as a central tool of the loyalty program.

In parallel with the announcement of the airdrop, the project has indeed inaugurated the Odos DAO organization by launching a loyalty program to attract user participation, in addition to distributing retroactive rewards to previous users.