Liquidiums token technology occasion distributed 10% of token provide.
Liquidium, a digital asset lending and borrowing platform constructed on Bitcoin, shocked its customers and Ordinal holders with an airdrop.
The unannounced airdrop marks Liquidiums token-generation occasion (TGE) and distributed 10% of the entire token provide, with 7% of tokens awarded to Liquidium customers, whereas 3% went to pick out Ordinals communities.
The crew took a tiered strategy to the airdrop, in response to a snapshot taken on July 21. Customers with greater than 1,000 factors obtained 400 tokens, and customers with lower than 1,000 factors obtained 200 tokens. Ordinals holders obtained 117 tokens per eligible ordinal.
Liquidium is a peer-to-peer lending market constructed on the Bitcoin community the place customers can borrow in opposition to Ordinals and Runes, or mortgage their belongings to earn yield. Bitcoin’s Ordinals and Runes are much like Ethereum’s non-fungible tokens (NFTs).
On July 18 the platform announced a $2.75m seed elevate from buyers together with Uneven and CMS Holdings.
The protocol went dwell on Oct. 26, and has recorded $125 million in cumulative volume since its launch. Liquidium hit an all time excessive of lively users in Might, when it surpassed 500 distinctive lenders, and 600 distinctive debtors, on Might 13.
The TGE marks the tip of Liquidium’s Genesis Season, and the start of its Season 1, or section one among person rewards, which is slated to final for 2 months.
The Liquidium token, whose ticker is LIQUIDIUM, is presently buying and selling at a market capitalization of $35 million.
