Happy news for all who bought tickets at $NAKA Initial Dex Offering, Naka Chain has announced an airdrop for them. Also, all the $BVM stakers can participate.
In this article, we will look into what is Naka Chain, and how to claim this exciting $NAKA airdrop. Also, we will discuss the eligibility for the airdrop, the benefits, trustworthiness, and more.
What is Naka Chain?
Naka chain is basically a DeFi trading platform, where users can engage in peer-to-peer Bitcoin trading. It is primarily Bitcoin-focused, but you can trade the BRC-20 tokens like ORDI and SAT, the BRC-404 tokens, and ETH. Naka Chain explains itself as a fast and low-cost Bitcoin L2 for DeFi on Bitcoin.
Naka chain has a significant number of users, mainly because of its block time of 2 seconds. This is a massive improvement from Bitcoin’s 10-minute block time. The transaction fee on Naka is just $0.0001.
Also, Naka users can trade Bitcoin on the go because they have their own mobile app. It is a simple and fast app, with a beginner-level chart system. On the other hand, the desktop application is designed for pro users with advanced token information, charts, and other data.
The Naka Token
NAKA is the native token of the Naka chain which is used for governance and other utilities. Those who hold NAKA can participate in the core decision-making process of the whole ecosystem. Also, NAKA holders will get a 50% fee discount on all the dApps developed by the Naka team. Here are some more details:
| Token Ticker | $NAKA |
| Total supply | 2.1 Billion. |
| Allocation details: |
| Role | Allocation | Length | Cliff | Vesting |
| Ecosystem | 55% | 4 years | 1 month | Monthly |
| Liquidity | 20% | N/A | N/A | N/A |
| Team | 20% | 4 years | 1 year | Monthly |
| Bootstrap | 4% | 1 year | 3 months | Monthly |
| IDO | 1% | N/A | N/A | N/A |
Eligibility
Naka Chain will soon announce an airdrop in which everyone can participate. But this one is for selected people only. Those who have bought $NAKA at the Initial Dex Offering event can participate. Also, all the $BVM stakers can participate in the airdrop.
Step-by-Step Guide to Claim the Tokens.
- Visit the official page of Naka Chain and sign in.
- Look for the option “Earn”, and click “Check Eligibility”.
- The system will tell you instantly whether you are eligible or not. It will detect if you bought tickets at IDO, and it will detect whether you have staked BVM.
- The “Claim” to collect the NAKA Tokens. That’s it.
Benefits of the Airdrop
The major benefit of the airdrop is that there are 10,500,000 NAKA for us to grab. That is almost 0.5% of the total supply!
Is it Trustable?
According to online reviews, Naka Chain is a trustable DeFi exchange. More and more users are transferring their BTC and ETH to the Naka platform for Naka’s lightning-speed and decentralized finance system.
Anyway don’t trust anyone blindly. Especially the exchanges. I suggest you do your own hardcore research before investing your hard-earned BTC and ETH in any exchanges. Go to Naka chain’s website, read their whitepaper, visit their blogs, be a part of their community, and analyze the platform.
Conclusion
As I said earlier, the airdrop is for selected users only. If you are an existing Naka user, claim these tokens right away before the campaign ends. Also, continue trading, and build the Naka ecosystem to new heights.
If you are looking for some relatively new exchanges, the Naka Ecosystem is one of the best exchanges to trade. Anyway, it is advised to do your own research. Thank you.
Read more: How To Claim Fantom Maker Airdrop; Eligibility & Benefits, Listing Date
