Decentralized exchanges (DEXs) are known for rewarding their loyal users, and 1inch Exchange just took it to another level. Imagine getting a surprise gift worth millions just for using a platform you already love. That’s exactly what 1inch, a leading DEX aggregator, did to celebrate the Chinese New Year. They’ve just airdropped a whopping 15,055,000 1INCH tokens – that’s roughly $84 million at current prices! This isn’t their first rodeo either; remember their Christmas 2020 airdrop? This latest giveaway is all about saying ‘thank you’ to their community, bringing in new faces, and boosting the 1inch ecosystem even further.
Decoding the 1inch Airdrop: What’s Up for Grabs?
Let’s break down this massive token distribution. Where are these 15 million+ tokens going?
Airdrop Allocation Snapshot
| Allocation Category | Token Amount | Approx. Value |
|---|---|---|
| Uniswap Users | 6,000,000 | $33.6M |
| 1inch Community Rewards | ~1,600,000 | $9M |
| Mooniswap Pioneers | Varies | Included above |
| Wallet Users (Argent, Gnosis, etc.) | Minor | Small |
The Value Proposition: $84 Million!
At today’s prices, this airdrop is valued at around $84 million. That’s not pocket change! It’s a testament to 1inch’s commitment and ranks among the most generous token distributions in the decentralized finance (DeFi) space.
Am I Eligible? Unlocking the 1inch Airdrop Criteria
1. Returning 1inch Users: Second Chance Airdrop!
Didn’t catch the Christmas 2020 airdrop? No worries! You might still be eligible if:
- Interacted with 1inch before December 24, 2020.
- Made at least one trade before September 15, 2020.
- Minimum of four transactions OR $20+ trading volume.
2. Mooniswap Users & Liquidity Providers
- Traded on Mooniswap (1inch’s earlier AMM).
- Provided liquidity to Mooniswap pools.
3. Wallet Users
- Users of Argent, Gnosis Safe, Authereum, or Pillar wallets.
- Must have used transaction layers/limit orders within these wallets.
4. New Uniswap Users
- Active on Uniswap 20+ days in 2021.
- Executed 3+ trades in 2021.
- New to 1inch/Mooniswap ecosystems.
Why is 1inch Doing This? The Strategic Game Plan
1. Attracting New Users
Targeting Uniswap traders to expand 1inch’s user base. 👉 Learn how to migrate from Uniswap.
2. Rewarding Loyalty
- Second chance for early users.
- Recognizes Mooniswap pioneers previously excluded.
3. Competitive Edge
Positions 1inch as a DeFi leader through unmatched generosity.
Claiming Your 1INCH Tokens: A Quick Guide
- Connect Wallet: Link your eligible wallet on the 1inch platform.
- Check Eligibility: Use the built-in airdrop checker.
- Claim Tokens: Follow prompts if qualified.
Flashback: The First 1inch Airdrop
The 2020 Christmas airdrop faced criticism for excluding Mooniswap users. This 2024 distribution rectifies that with a more inclusive approach.
FAQ Section
Q1: How long do I have to claim the airdrop?
A: Typically 30-60 days, but check 1inch’s official announcement for exact deadlines.
Q2: Can I claim if I used 1inch via a hardware wallet?
A: Yes, as long as the wallet meets eligibility criteria.
Q3: Are there tax implications?
A: Consult a tax professional; airdrops may be taxable events in some jurisdictions.
👉 Maximize your crypto rewards with expert strategies!
The Bottom Line
This 1inch airdrop is a golden opportunity to join one of DeFi’s top ecosystems. With $84 million up for grabs, don’t miss out—check your eligibility today!
Disclaimer: This content is for informational purposes only. Always conduct independent research before making financial decisions.