Exciting news for early contributors! INFINIT is airdropping IN tokens on August 7th, rewarding the community for their support! #INFINIT #Airdrop #DeFi
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INFINIT’s “IN” Airdrop: What You Need to Know for the August 7 Claim
John: Hey Lila! Grab a coffee. Today, I want to break down a topic that’s been creating a lot of excitement, especially within the IoTeX community: the upcoming airdrop for a new project called INFINIT and its “IN” token.
Lila: Hi John! Sounds interesting. I’ve seen “airdrop” mentioned a lot, but I’m not totally sure what it means. Is it like free money falling from the sky?
John: Haha, that’s a common first impression! In the world of Web3, an airdrop is a method of distributing a new cryptocurrency token to the wallets of specific users, usually for free. It’s a strategy projects use to kickstart their community, reward early supporters of an ecosystem, and distribute ownership of the project in a decentralized way.
Lila: So it’s less about free money and more about building a user base from day one. Got it. So what is this INFINIT project all about?
What is INFINIT?
John: Great question. At its core, INFINIT is a new decentralized AI network built on the IoTeX blockchain. Its goal is to create a platform where developers can build, deploy, and manage AI agents and services that can interact with each other and the real world in a verifiable way.
Lila: “Decentralized AI” sounds pretty futuristic. How is that different from the AI we use every day, like ChatGPT or Midjourney?
John: The key difference is control and ownership. Most AI tools today are controlled by a single company. A decentralized AI network, like the one INFINIT aims to build, is run by a distributed network of participants, not one central entity. The “IN” token is designed to be the governance token for this network, meaning holders will eventually be able to vote on the future direction of the protocol.
The “IN” Token Airdrop: A Step-by-Step Guide
Lila: Okay, that makes sense. So, INFINIT is giving its governance token to people to help build its community. How did they decide who gets the tokens?
John: That’s the most important part, and it involves looking at things that have already happened, what’s happening now, and what to expect next.
A Look Back: The Eligibility Snapshot
John: First, we have to look back to a key date. **In the past**, on June 10, 2024, the INFINIT team took what’s called a “snapshot” of the IoTeX blockchain.
Lila: A snapshot? Like a screenshot?
John: Exactly! A blockchain snapshot is a record of all the data on the chain at a specific block, or moment in time. In this case, it recorded which wallets held certain assets and how much they were staking. This snapshot became the permanent, unchangeable record used to determine who is eligible for the airdrop.
Who Was Eligible for the Airdrop?
John: Based on that June 10th snapshot, the airdrop targets several specific groups of IoTeX community members. The official announcements confirm eligibility for:
- IoTeX Stakers: Wallets that were staking IOTX, the native token of the IoTeX network.
- NFT Holders: Owners of specific IoTeX-based NFT collections, such as IoTeXPunks and MachineFi NFTs.
- Testnet Participants: Active users who helped test the network before its official launch.
Lila: Why those groups specifically? It seems like they’re really focused on the existing IoTeX community.
John: That’s precisely the point. By rewarding stakers and active participants, the project aims to attract users who are already invested and engaged in the underlying ecosystem. It’s a way of saying “thank you” to the people who helped build the foundation that INFINIT is now building upon.
Looking Ahead: Claiming Your Tokens on August 7
John: Now for the part everyone is waiting for. **Looking ahead**, the claim for the IN tokens is scheduled to go live on August 7, 2024. On this date, eligible users will be able to visit the official INFINIT claim portal to receive their airdropped tokens.
Lila: So people can’t get the tokens yet? And how can they check if they are on the list before the claim date?
John: Correct, the claim is not yet active. But you’re right, people don’t have to wait until August 7 to find out. **Currently**, INFINIT has an official eligibility checker website live. Users can connect their wallets to this site to see if they qualified based on the June 10 snapshot and how many tokens they are eligible for. It is absolutely critical to only use the official link shared by the INFINIT team on their verified social media channels, like their X (formerly Twitter) account, to avoid scams.
Beyond the Airdrop: “The Infinite Game”
Lila: So once people claim their tokens on August 7, is that it?
John: Not at all. This airdrop is just the first step in a multi-stage launch strategy that INFINIT calls “The Infinite Game.” It’s designed to roll out the network’s features and governance over time.
Lila: A game? What are the other stages?
John: **Looking ahead**, after this initial claim phase, the project has outlined a few more steps. While the full details are still being released, the roadmap mentions future phases, including:
- The Offering: This phase will likely involve ways for the community to further engage with the protocol.
- The Choice: This suggests a phase focused on governance, where token holders might start making collective decisions.
- The Summit: This could represent a major milestone or the full launch of the decentralized governance system.
This phased approach is a common strategy to ensure the network can grow securely and that the community can adapt to new features gradually.
John: So, the INFINIT airdrop is much more than a simple giveaway. It’s the foundational step in launching a community-owned, decentralized AI network. It’s a fascinating example of how Web3 projects build momentum and distribute ownership from the very beginning.
Lila: It’s much clearer now! It’ll be really interesting to watch how “The Infinite Game” plays out after the claim on August 7th.
This article was created based on publicly available, verified sources. References:
- INFINIT Unveils Details Of IN Airdrop Ahead Of August 7 Claim Launch
- Official INFINIT Announcement on X
- The INFINIT Airdrop for the IoTeX Community