Today in Markets

Bull Market Airdrops

With a number of big airdrops looming, are you ready to reap the rewards?

Dec 2, 2023 • 1 min read

Airdrop season has arrived. Solana’s largest tokenless protocol by TVL, Jito, announced that it will be airdropping 10% of its tokens. Meanwhile, a core founder of Cosmos Hub is advocating for a chain split. STRK appears to be on the way soon, as well. How to capitalize on so many opps?

Jito announced it will airdrop tokens to participants in its points program, as will Solana validators operating the Jito-Solana MEV client and searchers actively utilizing Jito Network’s MEV products.

1. Introducing $JTO: A New Era of Community-Led Governance.

The Jito Foundation is thrilled to unveil the $JTO governance token to enable community-driven leadership. pic.twitter.com/98lI7Y3NVm
— Jito (@jito_sol) November 27, 2023

Jae Kwon’s proposed Cosmos Hub chain split would result in the creation of a new AtomOne chain and an ATOM1 airdrop for all existing ATOM holders.

Now listen up Cosmonauts. Despite our voting NWV #848 has ended up passing, something that isn't too surprising (though it would be good to know whether the later votes came from newly purchased atoms) @cosmos @Allinbits_inc #raptureparty #atomone

Now let's coordinate a split.
— antechristus #343 (@jaekwon) November 25, 2023

While Jito’s snapshot has already been taken, there are still plenty of tokenless protocols on Solana (like marginfi and Tensor) that you should interact with to set yourself for an airdrop on the chain. Acquiring ATOM could help you position yourself for the ATOM1 airdrop, should Kwon follow through with his chain split proposal.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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