"There's nothing from scratch, nothing ranked high, and no airdrop rules."
Written by: Asher, Odaily Planet Daily
Last night, the Layer 1 project XION announced on the X platform that it has opened token airdrop queries. It stated that users who actively participate in the XION testnet Dapp, receive special recognition from the XION community activities, and are active in multiple ecosystem partner communities can check their XION token airdrop amounts. To ensure the comprehensiveness and fairness of the XION airdrop distribution, the official team mentioned that a series of snapshots were taken throughout the year, with the main data collection points being March 6, 2024, and July 15, 2024.
As soon as this news broke, various "profit-seeking" communities rushed to check, and discussions became lively. Although some community users posted "0 profit, 1400 U flaunting posts," more people complained about the unclear airdrop rules:
"There's nothing from scratch, nothing ranked high, and no airdrop rules, mysterious operations."
"This project is hilarious, I joined the group in November 2023, reached top 100 in Discord XP, checked and got 0; I did almost everything in EVM Galaxy, checked and got 0; completed all tasks for the Meta account, checked and got 0."
"Snapshots were taken in July, and then tasks continued to come out, the website is lagging terribly."
"Those with 0 data should directly appeal, but I think the project team probably won't care, it has a strong hint of insider trading."
……
Next, Odaily Planet Daily will take you through the basic situation of the Layer 1 project XION, its token economic model, query tutorial, appeal channels, and off-market prices.
Project Overview
XION is a Layer 1 project developed by Burnt, designed for consumer adoption. The project aims to eliminate the barriers of cryptocurrency technology for consumers, providing a toolkit that includes seamless fiat on-ramps, direct credit card purchases, familiar Web2 logins, mobile-supported secure account abstraction, and zero gas fees.
According to ROOTDATA, XION has completed multiple rounds of financing, with a total amount reaching 36 million USD. The most recent financing was completed in April this year, announcing a 25 million USD funding round, with participation from Multicoin, Animoca Brands, and Arrington Capital.
XION announces completion of 25 million USD financing
Token Economics
According to official information, the total supply of XION tokens is 200 million, with 5% of the total supply allocated for airdrops, amounting to 10 million XION. The specific distribution of the airdrop portion is as follows:
69% allocated to testnet users, builders, Discord members, etc., where the eligibility of testnet users depends on various factors, including high leaderboard rankings and successful participation in various deployed applications such as EarnOS, BlockX, XionEverywhere, and Galxe activities;
6% allocated to the Miladi & Remilio community;
5% allocated to the Gigachad community;
4% allocated to the SPX 6900 community;
4% allocated to Based Brett;
3% allocated to the Injetcive community;
2% allocated to the Berachain community;
2% allocated to the Tensorian community;
2% allocated to the Monad community;
1.5% allocated to the Mocaverse community;
1% allocated to the Pyth community.
XION airdrop token distribution details
The official team also stated that the currently launched XION airdrop query is just a checker, not a claiming site. There are currently no tokens available or listed on exchanges.
XION Airdrop Query Tutorial
Query website: https://believe.xion.burnt.com/
STEP 1. Enter the query website and click next.
STEP 2. Query using Meta account, EVM wallet account, and Discord account respectively.
At the same time, for those who believe the query results are incorrect, the official team has opened a form for appeals, with the link: https://docs.google.com/forms/d/e/1FAIpQLSe2msgS0n-IgWfIufkfePhb2dqc0FOYXIaoPZ9wi_dA8qh7Kg/viewform
Off-Market Trading
Bitget XION pre-market trading
Yesterday afternoon at 3 PM, Bitget launched XION in the pre-market trading market, with the price once soaring to 6.5 USD. The current off-market price is 4.88 USD, with a 24-hour trading volume of 183,400 USD.
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