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Crypto investors are often thrilled by airdrops during bull markets. In a bear market, engaging with applications that have not yet released tokens can suddenly result in airdrops worth thousands of dollars. Today, one such application announced its airdrop.
Stars Arena Airdrop
Announced as the first SocialFi platform in the Avalanche ecosystem, Stars Arena has just declared its airdrop a few minutes ago. Investors who earned profits from the sale of profile tickets during the launch will now receive tokens in exchange for their accumulated airdrop points.
“ARENA is an ERC-20 token built on the Avalanche C-Chain. The primary function of ARENA will be to serve as governance units. The Arena will be managed by Gladiators who have helped it reach its current position and will continue to guide it towards a brighter future.”
Each user will receive 69 ARENA Tokens for every airdrop point earned. To date, over 100,000 users have been distributed a total of 37,120,167 points. This means that 2,561,292,000 tokens will be distributed.
The airdrop will initially be conducted as 10% of the entitlement. That is, someone with an entitlement to 1000 tokens will receive 100 tokens, and the remainder will be distributed monthly over the coming years. This is done to maintain the value of the token. Users who have not yet opened a Stars Arena account can start collecting points by opening an account here. In the coming days, 10 million bonus points will be distributed.
