What happened?
Mango Network, a blockchain project, has announced a community airdrop of 5% of its $MGO token supply ahead of its Token Generation Event. Eligible participants include early users, testnet participants, and community contributors, who can check their eligibility through an online process. The airdrop distribution will start on June 24, with tokens issued in the order claims are made.
Who does this affect?
The airdrop affects early users and contributors to the Mango Network, including those who participated in the testnet and held roles within the community. Beneficiaries need to complete certain steps, such as binding their Twitter accounts and following Mango’s ecosystem partner, BeingDEX. It also indirectly involves potential new users or investors interested in participating in the Mango Network ecosystem.
Why does this matter?
This airdrop is significant for the market as it signifies Mango Network’s commitment to rewarding its community and fostering loyalty among early adopters. It also highlights the network’s growth potential and efforts to solve critical issues in the Web3 space, which may attract further interest from investors and developers. The unique weighted airdrop system may set a precedent for future token distributions, emphasizing not just participation but the quality of contributions.