Avail to Distribute 600 Million Tokens in Unification Drop, Targeting Broad Blockchain Communities
Summary:
Avail, a Web3 infrastructure layer developed using Polygon’s software development kit, plans to distribute 600 million of its AVAIL tokens to users. The "Unification Drop" aims to unify and reward various contributors across blockchain communities. Avail, established in 2020, comprises three parts: Nexus, Fusion, and DA, each serving unique functionality to enhance and secure transactions. The Avail token is used to access services, secure the unification layer through staking, and partake in governance. A total of 354,605 wallet addresses will receive the AVAIL token upon the mainnet launch. Notably, the airdrop is not exclusive to Avail or Polygon users. Avail separated from Polygon Labs on March 16, 2023, to focus on modular blockchain architectures.
Avail, a layer of Web3 infrastructure developed using the Polygon software development kit, is set to distribute 600 million of its native AVAIL tokens to its users. Avail announced this "Unification Drop" on April 18, stating that it aimed to unify various blockchain communities, rewarding developers, governance contributors, technical educators, stakers, and those using rollup technology, among others. Avail, established in 2020, comprises three parts: Nexus, Fusion, and DA. Avail DA enhances base-layer trading by scaling rollups using KZG commitments and data availability sampling techniques. These techniques aid nodes in authenticating transactions without downloading all block data and verifying data without disclosing any private information. In addition to this, Avail Nexus provides a cross-chain bridge for users to trade or swap assets across various blockchain platforms. Furthermore, Avail Fusion permits the liquid staking of assets on networks like Ether (ETH) and Bitcoin (BTC). Developers have explained that the Avail token can be used to access Avail DA services, secure the unification layer through staking, and participate in governance activities. The token distribution will be based on each user's commitment to the ecosystem in terms of time, depth, and impact. The AVAIL token will be distributed to 354,605 wallet addresses upon the launch of the mainnet. Of the 600 million tokens set to be airdropped, allocations have been made for ecosystem developers, testnet users, rollup users on various blockchain platforms, Polygon stakers, and community contributors. Notably, the airdrop is not limited to users of the Avail or Polygon ecosystems. Avail underlined its belief in fundamental unification of Web3, stating that the airdrop also includes platforms like Bitcoin, Ethereum, Solana, Cosmos, Avalanche, and Near. Polygon co-founder Sandeep Nailwal expressed excitement about the airdrop, alongside many others in the Polygon community. Avail was separated from Polygon Labs on March 16, 2023, due to Polygon refocusing on Ethereum-native data availability efforts. Running Avail as a separate layer, Polygon Labs stated, would enable it to play a more prominent role in developing modular blockchain structures and scaling any kind of Web3 project.
Published At
4/18/2024 11:38:20 PM
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