DeFi
Bitcoin DeFi Platform Liquidium Distributes Surprise Airdrop
The Liquidiums token generation event distributed 10% of the token supply.
Liquidium, a Bitcoin-based digital asset lending and borrowing platform, surprised its users and Ordinal holders with an airdrop.
The unannounced airdrop marks the Liquidium Token Generation Event (TGE) and distributed 10% of the total token supply, with 7% of the tokens awarded to Liquidium users, while 3% were awarded to select Ordinals communities.
Liquidium Tokenomics
The team took a tiered approach to the airdrop, according to a snapshot taken on July 21. Users with more than 1,000 points received 400 tokens, and users with less than 1,000 points received 200 tokens. Ordinal holders received 117 tokens per eligible ordinal.
Liquidium is a peer-to-peer lending marketplace built on the Bitcoin network where users can borrow against ordinals and runes, or lend their assets to earn a yield. Bitcoin ordinals and runes are similar to Ethereum’s non-fungible tokens (NFTs).
On July 18, the platform announcement a $2.75 million seed funding round from investors including Asymmetric and CMS Holdings.
The protocol went live on October 26 and has recorded $125 million in cumulative revenue. volume Since its launch, Liquidium has reached an all-time high in active value users in May, when it surpassed 500 unique lenders and 600 unique borrowers on May 13.
The TGE marks the end of Liquidium’s Genesis Season and the beginning of its Season 1, or first phase of user rewards, which is expected to last two months.
The Liquidium token, whose symbol is LIQUIDIUM, is currently trading at a market capitalization of $35 million.