The Initia testnet recently announced an airdrop event for its native INITIA token, where the project will distribute the coins for free to crypto wallet users. Initia stands as a beacon of innovation and simplicity in the blockchain space.
In this article, we will explore the Initia network and understand what it is and how it works. We will also detail how you can participate in the Initia airdrop event, its eligibility criteria, and when the token will be listed on exchanges.
So, without further ado, let’s get started.
What Is Initia?
Initia, also known as “The Initiation”, is an incentivized public testnet that was launched on May 15th, 2024. The testnet will be operational for eight weeks, during which time it will collect the wallet addresses of users who participated in the network and supply them with its native INITIA token to commemorate the mainnet’s launch.
During the testnet phase, users get to explore the Initia network, try out its many features, and get more familiar with the platform. The testnet provides a stable environment for developers to build and test applications before it is officially launched.
The Initia team also takes feedback from users on what improvements and adjustments to make before the mainnet is launched.
What Is The Initia Airdrop?
The Initia airdrop is a token distribution event associated with the blockchain’s mainnet launch. During the airdrop, Initia will distribute its native INITIA token to users and developers who transacted on the testnet.
A total of 50% of Initia’s token supply will be airdropped to the community. The event is a promotional campaign set up to put the word out to the public about the Initia blockchain and to attract more users to its network.
Who Is Eligible?
All users of the testnet and developers who trialed their DApps on the Initia testnet are automatically eligible for the token airdrop. Other crypto users interested in receiving the tokens can also participate in the event by completing a set of tasks assigned by the team.
Is The Initia Airdrop Free?
Yes, the Initia airdrop is a free event that is open to all crypto users. The network does not charge any fees for registering for the event or receiving the tokens. However, when the token is finally deposited in your wallet, the blockchain using which the transaction was made might charge a small commission fee.
How To Qualify For Initia Token Airdrop?
Initia is set to distribute its native cryptocurrency to users who participated in testnet activities like running validator nodes or testing other functionalities of the blockchain. Others can also participate in the airdrop by following the steps given below:
- Head over to the official Initia testnet website at https://app.testnet.initia.xyz/xp
- Connect a wallet that is compatible with Initia to the airdrop page
- Take part and complete all the six tasks provided by Initia
- For every task that is completed, an NFT is minted. These NFTs can be combined into a master NFT.
- There is a pet that you will feed with the completed tasks. Buy food for the pet using the tokens you earn.
- The total number of points you have at the end will be the amount of INITIA tokens you will receive when the token is launched.
When Is The Initia Token Launch?
The Initia team has not yet confirmed when its native cryptocurrency will be airdropped to testnet users. However, it can be expected to happen any time soon.
It is recommended that you follow social media pages related to the project and keep tabs on the Initia community to stay up to date on every project-related announcement.
Final Thoughts
The Initia airdrop is a unique opportunity for every crypto user to become an early investor in a new cryptocurrency or blockchain project. The network is currently under its testnet phase where those interested can participate and test out its various features and capabilities.
Initia will launch its native INITIA token alongside the mainnet in the coming months. To commemorate the blockchain’s launch, Initia has started an airdrop event where every crypto user can participate and earn free tokens for completing various tasks.
Read more: How To Get Tomarket Airdrop, Eligibility, Launch Date (listing date)
