DeFi
This DeFi platform announced season 1 of the Airdrop campaign
Decentralized finance (Challenge) the Okto platform announced the launch of season 1 of its Okto Wallet points program, as well as a strategic airdrop of its native OKTO tokens.
This initiative promises to reward users for their on-chain activities.
Okto Airdrops 7% of its tokens to users
In an exclusive interview with BeInCrypto, Neeraj Khandelwal, the co-founder of Okto, said that all self-guard wallets equipped with the Okto Wallet app received bonus Okto points. The company has set an initial drop of 20 million points for all eligible on-chain traders.
This points program extends to everyone chain activities on the Okto Wallet app. Activities include crypto deposit, token buying and selling, placement eventually professions and participation in various airdrop quests.
This initiative encourages users to engage more deeply with the platform’s offerings.
Users transferring their assets from others centralized exchanges at Okto Wallet can earn bonus points. The platform has provided a reward of 1.5x bonus points for high-volume traders on their first $1 million in futures volume.
Learn more: Best airdrops coming in 2024
Thanks to the points program, the airdrop campaign allocates 7% of OKTO tokens to early adopters. According to the white paper, the OKTO token would be power OKTO channel and play a crucial role in network operations. However, the team has yet to release the total bid or full allocation details.
“Details on the total supply and allocation of the remaining 93% will be detailed in the next version of our white paper,” Khandelwal told BeInCrypto.
Recently, the the crypto community scrutinized the fairness of token distributions. EigenLayer drop faced backlash for its changing eligibility criteria and regional restrictions. The project’s large investor allocation was also a concern.
In response to these concerns, Khandelwal reassured that Okto is committed to ensuring a level playing field. Additionally, the platform claims to have implemented rigorous Sybil checks and partnered with leading anti-Sybil establishments to prevent fraudulent activities.
Additionally, Okto is also advancing its technology infrastructure by developing a fully expressive orchestration layer.
Learn more: Is account abstraction secure? A guide to mitigating risks
“Okto infra does the heavy lifting in abstracting the complexities of Web3 and orchestrating end-to-end delegated and secure transactions,” Khandelwal explained.
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