This afternoon (June 20), Binance Alpha continued to introduce the latest Airdrop from the Modular Blockchain project split from Polygon called Avail (AVAIL). The required Alpha Points threshold to claim the AVAIL token airdrop from Binance is 243 points. The AVAIL airdrop will be distributed in 2 phases, starting from 7:00 a.m. UTC on June 20:
Phase 1 (7:00 a.m. UTC on June 20 to 12:59 a.m. UTC on June 21): Users who reach at least 243 Alpha points will be entitled to claim an airdrop of 2,667 AVAIL โ worth about 75 USD.
Phase 2 (1:00 a.m. UTC to 7:00 a.m. UTC on June 21): At the end of phase 1, the required score is reduced to 199 Alpha points. Users will then claim in the form of First Come First Serve (FCFS) until the rewards run out or the event ends.
According to data from CoinGecko, the AVAIL (Avail) token price is currently trading around $0.028 - down nearly 8% over the past 24 hours. AVAIL's market capitalization is close to $60 million, while its 24-hour trading volume is around $8.8 million.
According to CryptoRank, Avail has successfully raised $70 million in two funding rounds so far, both led by Tier 1 Dragonfly Capital and Founders Fund (billionaire Peter Thiel's investment fund).
"It should be noted that users who claim at any stage will have their Alpha Points deducted the same 15. The new 2-stage airdrop mechanism has been applied by Binance Alpha since June 19 with the first project being MAT (Matchain). This mechanism helps users with less Alpha Points still have a chance to receive airdrops, especially after Binance was previously criticized for its extremely high Alpha Point threshold for receiving airdrops."
