The Bluefin Derivative Exchange on Sui is the next project to launch an Airdrop, allocating 17.15% of the total BLUE token supply to the community.
Bluefin announces tokenomics, prepares Airdrop for Sui users
According to the announcement posted on November 30, the Derivative DEX on Sui is Bluefin which has started opening the Airdrop eligibility check portal for users, as well as announcing the tokenomics for the BLUE token.
1/ The Bluefin Foundation presents to you the Bluefin Airdrop Eligibility Portal!
— Bluefin (@bluefinapp) November 28, 2024
Check your eligibility here: https://t.co/EFUW9piH5f pic.twitter.com/yQmcbhFetz
In addition to early project supporters, Bluefin will also allocate Airdrop to partners both within and outside the Sui ecosystem, the Non-Fungible Token community, and promotional ambassadors.
The BLUE token allocation is as follows:
BLUE token allocation by Bluefin. Source: Bluefin
- Airdrop for the community: 17.15%
- Non-Fungible Token partners (0.79%): including Pudgy Penguins, MadLads, Azuki and Prime Machin;
- EVM and Solana partners (1.45%): including Jupiter, Aerodrome, Wormhole, Pyth and Elixir;
- Sui ecosystem partners (1.95%): including AlphaFi, Suilend, Cetus, Scallop, Turbos, FlowX, DoubleUp, 7k, FUD, Deepbook, AAA, Aftermath, Bucket, Typus, Navi, Hop and Suiplay;
- Bluefin users (12.943%): based on the reward points accumulated by users during product usage.
The project has not yet announced the allocation ratio for the remaining 82.85% of the total Token supply, the actual number of BLUE Tokens to be issued, as well as the Airdrop timeline.
Amount of BLUE Tokens received based on user tiers. Source: Bluefin
Eligible Airdrop recipients will have two options:
- Receive 50% of the allocated Tokens at the time of the Token Generation Event (TGE), forfeiting the right to receive the remaining 50%;
- Receive 50% of the allocated Tokens one month after the TGE, and the remaining 50% one month later.
BLUE will play a crucial role in Bluefin's governance process, helping to achieve the necessary decentralization for long-term development. After the Airdrop event, Bluefin will continue to pursue its next objectives, including improving the Bluefin Spot trading platform and launching Bluefin Pro, enhancing the user interface, integrating cross-chain asset transfer capabilities, linking with Apple Pay, etc.
Since its launch on Sui in September 2023, Bluefin has become one of the largest protocols on this blockchain with a Trading Volume of over $37 billion from more than 57,700 users. The project's Total Value Locked (TVL) currently stands at $27.1 million, ranking 10th in the ecosystem.
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