SEED Combinator has initiated the primary snapshot of its airdrop at this time, providing contributors a share of a $30,000 prize pool. That is the primary of three snapshots, with the following two scheduled for October and November. The airdrop goals to reward group members primarily based on their engagement ranges throughout these snapshots.
SEED DAO is a decentralized autonomous group (DAO) centered on offering funding and assist new tasks throughout the blockchain ecosystem. It features as a decentralized enterprise capital fund, the place group members have the chance to contribute, vote on proposals, and take part in decision-making processes.
As of now, the airdrop has attracted 1.65 million YouTube subscribers, 12.5 million Telegram followers, and 1.7 million Twitter followers. Moreover, 2 million Seedizens have added “SEED” to their social media usernames, signaling their involvement. SEED Combinator has suggested contributors to remain energetic to maximise their token rewards in future snapshots.
The SEED airdrop is a part of a plan to develop the group forward of the November itemizing on the OKX trade. The upcoming itemizing is anticipated to generate demand for tokens. SEED Combinator has structured the airdrop to permit each long-term and new contributors to earn tokens primarily based on their exercise ranges. Individuals can earn tokens with none set limits, relying on their stage of engagement through the airdrop interval.
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Token Burn Warning for Inactive Customers
SEED Combinator has issued a warning to inactive customers. Accounts that stay inactive for over 30 days could have their $SEED tokens completely burned. The primary burn is scheduled for September 27, and $SEED tokens from inactive accounts will likely be faraway from circulation.
Notably, solely energetic contributors will qualify for rewards through the airdrop. In truth, SEED Combinator mentioned that this token burn goals to make sure a good distribution of tokens by eliminating inactive accounts. Customers must log in usually to keep away from dropping their tokens. The burn will scale back the general token provide, probably benefiting energetic members.