Pyth Network Airdrop: How to Claim $PYTH Airdrop?
The Pyth Network is an oracle network, akin to Chainlink, that delivers on-chain data for applications on various blockchains. It supports around 120 protocols and secures approximately $1.59 billion in assets. On the 20th of November, the Pyth Network launched a significant airdrop, known as the Pyth Network Retrospective Airdrop, to appreciate and engage its community. This airdrop is noteworthy for being one of the largest cross-chain, usage-based airdrop programs in the Web3 and DeFi spaces.
In this post, you will learn if you are eligible for $PYTH airdrop, and if yes, then how many tokens can you claim?
What we are going to learn?
Purpose of the $PYTH Airdrop
- Incentivize Ecosystem Growth: The airdrop is designed to stimulate participation in the Pyth Network, especially among developers (dApps), DeFi users, and community members.
- Governance and Engagement: The allocation of tokens to a broad base of participants aims to decentralize governance and increase stakeholder engagement in the network’s future development.
$Pyth Network Eligibility Criteria
Eligibility for the $Pyth airdrop is broad and includes:
- On-Chain Activity: Users who have interacted with decentralized applications (dApps) across 27 blockchains using Pyth data, like Ethereum, Arbitrum, Base, Polygon, Optimism, Solana, zkSync, etc.
- Community Involvement: Holding a specific role in the Pyth Discord, owning a Pyth NFT, or being a Pyth Ambassador.
Details of the $PYTH Airdrop
- Allocation: Over 90,000 wallets are set to receive PYTH Tokens. The total allocation is approximately 255 million PYTH Tokens, distributed among dApps, DeFi participants, and active community members.
- Token Standard: PYTH Tokens are in the Solana Program Library (SPL) standard.
- Purpose: The airdrop aims to encourage participation in on-chain governance and progress towards a decentralized and self-sustaining mainnet for Pyth Network.
$PYTH Airdrop Allocation (from the “Community and Launch” Category)
- Total tokens: 10 Billion
- Total Airdrop Allocation: 6% of the total supply, amounting to 600 million PYTH Tokens, is designated for the airdrop.
- Breakdown of Airdrop Allocation:
- dApps: 100 million PYTH Tokens are allocated specifically for decentralized applications utilizing Pyth Network data.
- DeFi Participants: Approximately 255 million PYTH Tokens are reserved for users engaged in on-chain activities in various DeFi platforms that integrate Pyth data.
- Active Community Members: 10 million PYTH Tokens are set aside for members who have been actively involved in the Pyth community, such as those with special roles or achievements.
Claiming the $PYTH Airdrop: Important Dates and Details
- Start Date: The claim process opens on November 20, 2023.
- End Date: The claim period lasts until February 18, 2024.
- Process: Eligible participants can claim their allocation by connecting their wallets to the airdrop check webpage.
- Guide: A detailed guide for claiming is available on the Pyth Network website.
- Duration: The claim window is open for 90 days.
Claiming the Pyth Network airdrop involves a multi-step process, particularly for those who are active across multiple blockchains and are members of the Pyth Network community.
Here’s a step-by-step guide to help you through the process:
Step 1: Go to the $PYTH airdrop claim page, read the steps, and click proceed.
Step 2: On the next page, you can review your eligibility criteria. You will need to Connect Wallets and Discord Account and see the number of $PYTH tokens you are eligible for.
- Wallet Connections:
- Solana: Connect your Solana wallet.
- EVM (Ethereum Virtual Machine): Connect your EVM-compatible wallet.
- Other Blockchains: For Aptos, Sui, Injective, Osmosis, Neutron, Sei – connect wallets if you have activity on these blockchains. Note that some might display ‘N/A’, possibly indicating no required action or ineligibility.
- Discord Connection: Sign in to your Discord account to verify your involvement in the Pyth community.
Step 3: Verify $PYTH Airdrop Eligibility
- After connecting your wallets and Discord account, the system will assess your eligibility based on your activities.
- The eligible token allocation will be displayed, which varies from person to person depending on the extent and nature of their activities.
Step 4: Claiming PYTH Tokens
- Click on the Claim button and claim your $PYTH tokens.
- Recheck Selections: You have the option to go back and change any of your selections if you think you’ve missed out on something.
- Completeness: Ensure all relevant wallets and your Discord account are successfully connected. You won’t be able to proceed to the final claim step without completing this.
- Safety: Always use official links and platforms to avoid scams. Do not share private keys or sensitive personal information.
Additional Information on $PYTH Network
- Total Supply: The total supply of PYTH Tokens is 10 billion, with 600 million (6%) allocated for the airdrop.
- CEX Listings: PYTH Tokens are listed on various cryptocurrency exchanges like Bybit, OKX, Gate, HTX, Kucoin, and Bitget.
Warning: Read this Before you claim $PYTH
Participants are advised to exercise caution and ensure they are using official Pyth Network domains and social media channels to avoid scams. The Pyth Network team emphasizes that they will never ask for personal information or contact users first.
This $Pyth airdrop represents a significant initiative by the Pyth Network to reward and involve its community, reflecting the growing importance of community engagement in the decentralized finance and blockchain space. The airdrop claim process is personalized, depending on your individual activities across the supported networks and your role in the Pyth community. By following these steps and ensuring all relevant connections are made, you can claim your $PYTH tokens effectively.