Bittime – There is a lot of information about crypto airdrops today, from Masa Network to IMX. Today's crypto news also talks a lot about projects that are interesting to learn about. And don't forget, Solana transactions that outperform Ethereum also appeared in crypto news on May 12, 2024.
Check out a complete explanation of today's crypto information highlights.
What tokens are being distributed in the airdrop?
It is recorded that today there are more than six crypto tokens that are or will be holding airdrops. If you are an airdrop hunter, it looks like you can't miss this airdrop news. The following is a detailed explanation.
- Airdrop Masa Network is holding an airdrop event. It was noted that this event was the season 1 airdrop from Masa, which amounted to only 20% and was held at Base. You can claim the airdrop starting May 11 and will last for 3 months by following the MASA airdrop claim method in an orderly manner.
- io.net is holding an airdrop event from May 1 until May 31, 2024. Learn how to claim the io.net airdrop in the Bittime article.
- The airdrop organized by Notcoin was to celebrate its listing on Binance. Notcoin is planned to list on May 16 and the airdrop event will start on May 13 UTC.
- Parallel Finance is also celebrating the airdrop event which has been held since May 11 and will end on June 22 2024. Apart from that, there is also a distribution of points using the formula: Total Parallel points = initial points + daily points + referral points + team points. Later, these points can be exchanged for Parallel tokens.
- A total of 80,000 QuantoSwap tokens were distributed. This means that approximately $200,000 worth was distributed via the QNS airdrop. This event is currently underway, learn how to claim here.
- The IMX airdrop event is underway and the total is $50 million! This news is of course very happy for airdrop hunters. Understand how to claim IMX airdrop properly.
Check Today's Crypto Market:
Check Current and Future Crypto Projects
There are five projects in the crypto ecosystem that you need to understand. What are they? Here are the details.
1. Launch of io.net Token
Announcing the IO token contract address, means that io.net will soon launch the token. Later, token holders will get participation in its governance, profitable incentives, and of course access to exclusive IO token services.
2. Network Expansion by Bittensor
Bittensor announced plans to expand its subnet network. Bittensor will begin a weekly expansion initiative, adding 4 new subnet slots each week. This process will continue until it reaches the maximum limit of 64 subnet slots from this year's target of 1024.
3. Launch of GM Network's NFT Staking Feature
The launch of the NFT staking feature from GM Network will later be intended for CyberV NFT holders. CyberV NFT holders will get additional GN rewards on top of the standard GN rewards.
4. BounceBit Project
Bounce M&A launches on May 14, 2024. Bounce M&A is a new feature that allows users to combine three tokens into one synthetic token. The main features of Bounce M&A are token pooling, portfolio diversification, and increased liquidity.
Bouncebit also plans to launch mainnet on May 13 tomorrow. The schedule will be carried out throughout the day, starting from the mega drop on Binance, the launch of the new portal, distribution of the BB airdrop, and trading on Binance will begin.
5. Upgrade zkSyn v24 Postponed
Their Sepolia zkSync Era testnet will soon be fully restored in the next few hours following the announcement of the postponement of the zkSync v24 upgrade until next week. This delay was made to give the team more time to evaluate testnet stability.
Also Read How To Buy Crypto:
Solana Transactions That Surpass Ethereum
A record! Within 24 hours, Solana transactions exceeded Ethereum and even more than doubled. Solana's DEX trading volume reached $29.295 billion, surpassing Ethereum ($13.12 billion) by more than double.
Also Read: Before Token Launch and Airdrop, MilkyWay's Celestia Liquid Staking Protocol Raises $5M
Conclusion
Crypto news is always interesting every day. You can't miss one, let alone all of them. So, always watch the Bitime blog for updated crypto news.
Dear Beli Crypto from Bittime
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DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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