River's operation this time - it made me realize that airdrops can be played with more tricks
The process is simple: first, get River points (River Pts), which can be exchanged for RIVER tokens within 180 days. But the interesting part is that the later you exchange the points, the more RIVER you actually get.
This throws the choice to you: should you cash out early for security, or gamble for a higher multiple before making a move? In simple terms, it directly turns 'time' into a part of the tokenomic rules, which is much more interesting than just issuing tokens.
Moreover, River is not just an empty project; it is focused on 'chain abstract stablecoins'. The data speaks for itself: within two months, the total locked value (TVL) surged to 700 million, with a stablecoin circulation of 280 million satUSD, ranking 24th on DeFiLlama's stablecoin list. The previously issued 10 million quota Smart Vault was filled within 12 hours, showing a clear market enthusiasm.
Next, the most exciting part will definitely be the game of this dynamic mechanism - some take the profits, while others hold out for a double, a true 'humanity test'.
The event also adds some small benefits:
As long as the trading of $RIVER/USDT exceeds 10U, you can share 5 million River points;
At the time of the snapshot, as long as there is more than 1 $RIVER in the wallet, you can share another 5 million points.
A total of 10 million points, calculated at FDV (Fully Diluted Valuation) of 200 million, is roughly a reward pool of 200,000 US dollars, which is quite sincere. Even more impressive is that River has launched an institutional-level financial product Prime Vault, which has accumulated a TVL of 250 million US dollars, truly remarkable.
Personally, I think River is not just about gimmicks to raise funds; it genuinely wants to solve the old problem of 'airdrop causing a dump' through its mechanism. Whether it will succeed in the end is hard to say, but this idea is indeed worth paying more attention to.
$RIVER