The Shiba Inu and K9 Finance ecosystem teams have caused a stir in the crypto community with their announcement of a “retroactive” airdrop on the popular Shibarium L2 blockchain.
In a recent post, Lucie, the marketing lead for Shiba Inu, revealed that Buzz, the co-founder of K9, had mentioned the Shibarium airdrop in a recent interview. According to Lucie, participants in the airdrop will need to earn points, which can then be exchanged for free tokens.
To earn these points, participants must bridge their assets to Shibarium, use the L2 blockchain for transactions, and hold tokens such as LEASH and KNINE. The size of the prize pool has not been disclosed, but Lucie mentioned that users will be rewarded based on the number of points they accumulate.
Buzz, the founder of K9, confirmed the airdrop and added that K9 Finance will be conducting a retroactive airdrop on the Shiba Inu L2 blockchain. Users will be rewarded based on the duration of time they hold KNINE tokens and their engagement with Shibarium, including using Shibarium-based decentralized applications (dApps). Other actions that will be rewarded include participating in the upcoming testing of K9 dApp and staking KNINE tokens.
Buzz emphasized that the airdrop is retroactive, meaning that users will be rewarded in the future based on their past performance in these activities. The team has already started tracking users’ wallets to determine the number of tokens they will receive at the appropriate time. However, further details about the airdrop, such as its duration, have not been provided by K9.
This is not the first airdrop organized by K9. Earlier this month, K9 announced a 420 million KNINE sweepstakes to celebrate its role as a Shibarium validator.
Additionally, K9, which is Shiba Inu’s official liquid staking and derivative partner, is diligently working on launching its highly anticipated staking platform. The testnet version of the dApp will be released this quarter, with the complete mainnet version scheduled for launch in Q4.
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