Pyth Airdrop: Launch, Eligibility, Steps to Claim? (All you need to know)
Key takeaways
- Pyth Network has introduced the Pyth Network Airdrop as a way of giving back to its community.
- Only those who actively engaged with the Pyth ecosystem before September 1, 2023, qualify for the airdrop.
- Eligible applicants will be able to claim the airdrop starting from November 20, 2023, to February 18, 2024.
What is the Pyth Airdrop Program?
The Pyth Network Airdrop is a community-giving initiative launched by Pyth Network as an expression of Pyth Network’s deep appreciation for the loyal Pyth oracle ecosystem community.
This program is claimed to be one of Web3 and DeFi’s biggest airdrop initiatives, with 90,000 wallets designated for PYTH token distribution based on their on-chain engagements spanning 27 blockchains and over 200 decentralized applications.
The members who have contributed to the Oracle network, applications across 27 blockchains that use Pyth data, and the individual users of those applications have been eligible for this airdrop program.
How do you know if you are eligible for the Pyth Airdrop?
To qualify for the airdrop, the officials have clearly stated that community members must have had a quality engagement with decentralized applications (dApps) utilizing Pyth data, active participation within the community, or holdings of Pyth NFTs.
The members who have engaged in the Pyth ecosystem before the snapshot date of September 1, 2023, are only eligible for the airdrop.
Q. Is it still possible to join the airdrop program?– Unfortunately, users are unable to further qualify for the airdrop program at this time.
What can eligible applicants expect from the Pyth Airdrop launch?
If you are eligible for the airdrop, you will be able to claim it starting Monday, November 20 at 2 PM UTC.
Furthermore, the claim process will be available for 90 days. That is, the Airdrop Claim Page will remain operational until February 18, 2024.
The Valuation of the Pyth Network Airdrop
According to the PYTH Tokenomics, the allocation of PYTH Tokens for this airdrop comes from the “Community and Launch” category, with qualified participants receiving up to 6% of the total supply (600 million PYTH Tokens).
PYTH tokens are reserved for dApps, on-chain activity inside DeFi, and actively engaged community members as part of this 6% distribution.
As a result, qualifying applicants can expect to get Pyth tokens based on past contributions to the ecosystem’s various sectors.
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Steps to Claim the Pyth Airdrop
The Pyth Airdrop claim process is active from November 20, 2023, to February 18, 2024. There is enough time left in this window to collect your tokens and enjoy the advantages of being a noteworthy Pyth community member.
Here are the steps you need to follow to claim Pyth airdrop:
- Navigate to the Pyth Airdrop Portal: Head over to the Pyth Airdrop website at “https://pyth.network/airdrop”.
- Establish Wallet Connection: Seamlessly connect your eligible wallets, such as MetaMask, WalletConnect, or Ledger, to the Pyth Airdrop platform.
- Verify Airdrop Allocation: Carefully review your allocated airdrop amount to ensure accuracy and transparency.
- Claim Your Tokens: With a click of the “Claim” button, your PYTH tokens will be effortlessly transferred to your wallet.
Note: In case of any queries or concerns, reach out to the Pyth Network support team for assistance.
What is Pyth Network?
Pyth Network operates as an oracle, distributing financial market data over multiple blockchains. It fulfills the data requirements of most smart contracts by acting as a vital gateway between blockchains and external data sources.
The project aims to provide universal access to asset pricing data for cryptocurrencies, foreign currencies, stocks, and commodities across all chains, enabling both data owners and users worldwide.
Bottom Line
Airdrops in the crypto realm have constantly proven both surprising and rewarding, benefiting several community members. To secure an advantageous position, early engagement is crucial. Check out our Airdrop Section for helpful guides on upcoming airdrops so you don’t miss out on any future opportunities.
Extra Resources
For comprehensive details about the airdrop, visit Pyth Network Retrospective Airdrop, a dedicated section with comprehensive information regarding the Pyth airdrop.
Note: This content piece is for informational purposes only and does not aim to provide any financial advice.
