crypto

Deciphering The $UWU Airdrop 🦄

Unicorn's $UWU token, a new PoS “memechain” on Cosmos, is finally live after several months of teasing. Those involved in the clawback can claim their tokens on the website. ⤵️

In its current state, traders can trade “memecoins” on the Unicorn Meme Market, but these aren’t ordinary tokens since the tickers are based on combinations of emojis.

For example, while the testnet was live, the top traded token was “🌽🌽🌽.”

Clawback

Instead of targeting a couple of communities plus users like most airdrops do, they whitelisted around 500 communities, from networks to NFTs to memecoins – a bit of everything. 

Allocation varied by community, increasing as more holders claimed, motivating communities to promote claiming to boost Unicorn’s popularity and secure larger allocations for the most aligned groups. 💸 👇

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Airdrop

On August 10th, the airdrop details, including token distribution and tokenomics, were disclosed for tokens available on Solana, Base, and Cosmos. Claims on Solana and Base are limited to testnet claimants, whereas Cosmos is open for claims until the end of August. 

As previously stated, the airdrop targets those who participated in the testnet, with clawback allocations determined by the community and individual multipliers 👇

🔹 Individual multipliers include bonuses for engaging in the meme market, holding memecoins, and participating in daily claims.

🔹 Then, by community multipliers, communities whose holders claimed the most and participated in the meme market received a higher allocation.

Distribution

The $UWU token is traded on both Solana and Base and can be transferred using the Portal Bridge on both chains.

For holders who initially claimed $UWU on Cosmos, where the majority of the tokens are currently held, the bridge function will be operational within the next 1-2 months.

 In the interim, holders can trade their $UWU tokens for memecoin through the Meme Market.

👉 The total $UWU supply is 69 billion, allocated as 13.5 billion on Solana (6.9 billion for LP) and 2.5 billion on Base.

Confused about the $UWU airdrop?

Check @cattin's latest Alpha Feed post for the full synopsis! 👇
delphi.link/uwu-airdrop