The team behind the Shiba Inu ecosystem announces an airdrop of 10 million Philtoken (PHIL) for SHIB holders, with beneficiaries guaranteed up to 500,000 PHIL.
According to the
announcement
, Shiba Inu holders who participate in the airdrop have a chance of earning double the rewards.
Airdrop Eligibility
However, the airdrop is exclusive to only Shiba Inu holders holding SHIB since August 28, 2024, in non-custodial wallets like Trust Wallet and MetaMask.
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The Philtoken team took a snapshot of eligible addresses at block height 20,627,000 (on August 28), which will share the 10 million PHIL. To participate, eligible beneficiaries must submit their non-custodial addresses on the claim
page
.
It is worth noting that the
airdrop
is conducted on a first-come-first-served basis. As a result, the first 10,000 eligible wallets will receive a minimum of 500 PHIL.
https://x.com/thecryptobasic
How to Earn More Rewards and Participate in a Lucky Draw
Interestingly, some users can boost their rewards to receive up to 500,000 PHIL per wallet. To qualify, users must follow @PhilTokenETH and @shibtoken on X and retweet the airdrop announcement.
Additionally, the Philtoken team revealed that participants who comply with this directive will participate in a 250,000 PHIL Lucky Draw. In the meantime, the rewards will be
distributed
on October 24.
Notably, Philtoken was developed by an early Ethereum developer who uses the pseudonym ZZ_410. The token was launched this year with the aim of uniting the top 50 meme coins through charitable events. In this way, Philtoken aims to transform the meme coin space into a force for good.
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PHIL is priced at $0.04439, reflecting a surge of 128.35% over the past seven days. It is currently ranked as the 596th-biggest cryptocurrency, with a market cap of $43.97 million. PHIL has a maximum supply of 1 billion tokens.
Philtoken and Shiba Inu Partnership?
Philtoken plans to introduce a charity event for every new partnership it enters into with other crypto projects. Since this month, Philtoken has been hinting at a partnership with Shiba Inu. The PHIL team has been sharing memes suggesting a partnership is on the horizon.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.