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Introducing the DRIFT token by Drift Foundation with an exclusive bonus airdrop.

Exciting news from the Drift Foundation! They just launched their brand new DRIFT token and have kicked off the airdrop claims process.

With a total of 120 million tokens up for grabs in this airdrop, constituting 12% of the entire 1 billion DRIFT supply, participants also have the chance to earn an extra 2% bonus of 20 million tokens. This bonus surpasses the amount initially set for last month’s airdrop.

Cindy Leow, one of the co-founders of Drift, shared that this bonus is strategically designed to discourage early selling and prevent network congestion.

In the past, airdrop claims led to network congestion, causing inconvenience as users and bots rushed to claim their tokens,” stated Leow.

The co-founder pointed out that this bonus feature not only improves user experience but also rewards loyal supporters of Drift.

The airdrop consists of two parts: an initial allocation available right at launch and a bonus that unlocks gradually over six hours.

“By waiting the full six hours, users can double the number of tokens they receive,” Leow added.

If users claim their initial allocation immediately, they may miss out on the bonus.

The 2% bonus was funded from the token supply allocated for ecosystem rewards, ensuring that other aspects of the project remain unaffected. Following the release, major crypto exchanges like Coinbase and Bybit have expressed interest in listing DRIFT. While the exact trading price and valuation of DRIFT are yet to be determined, these listings are expected to happen soon.

As per DefiLlama data, Drift has managed a cumulative trading volume exceeding $1.13 billion and currently holds over $338 million in total value locked.

The DRIFT token has already launched, with trading starting at $0.10 before soaring to $0.84. At the moment, it is trading at $0.31 as of 11:44 EDT, with a market cap of $37.5 million, according to CoinMarketCap.

24-hour price of DRIFT from CoinMarketCap

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