The re-staking protocol Pell Network, led by Mirana, Paper Ventures, and Halo Capital, recently announced the $PELL token economics and airdrop information.
Last year, when introducing the airdrop strategy of 'one fish, many eats', it was mentioned that Pell could be deployed using Ignition's FBTC or Bedrock's unBTC. Partners who followed the operation should have some Pell airdrop points.
$PELL Token Economics
The total supply is 2,100,000,000 (2.1 billion), with an initial supply of 336,000,000 (16%). The token distribution details are as follows:
Community: 25%
Ecosystem Development: 22%
DAO Treasury: 18.33%
Investors: 16.67%
Team: 15%
Public Sale: 3%
Airdrops should belong to 25% of the community. Given that Pell has conducted multiple rounds of task activities, I expect that there will be a very high number of Pell airdrop addresses. In other words, it may not be very effective in preventing witch accounts.
What is the strategy for short-term point accumulation?
Pell has ongoing tasks; completing community tasks immediately earns 350 points, and the staking tasks are also very simple.
For partners who have not participated in Pell before, take this basic score first. Those with capabilities can directly participate with multiple accounts.
Community Tasks: Join Pell's official X, TG, DC.
Staking Task: The first staking of 0.001 BTC for seven days can earn a full 350 points, or staking 0.01 BTC can earn 300 points every 14 days.
Compared to the meager points earned by staking a large amount of assets, earning points steadily through staking tasks is faster, suitable for partners holding BTC.
* Unstaking assets requires a seven-day cooling period.
Summary
Pell's sudden announcement of token economics and airdrop details was indeed unexpected to me, somewhat reminiscent of an attempt to preemptively issue tokens this month ahead of Bedrock, which is also a re-staking protocol.
Pell supports many types of coins and blockchains, and the multiplier differences are generally not significant, mostly ranging from 1x to 1.25x. If I were to suggest, I think it would be worth trying Mantle's FBTC (1.5x, relatively higher multiplier) or Bedrock's uniBTC to simultaneously earn Pell & Bedrock airdrop points.
Currently, two out of the three major exchanges have announced support for Pell's listing activities. Pell has previously participated in joint activities with BNB Chain, so I think it is highly likely that Binance will also support Pell.
If the three major exchanges achieve a grand slam, Pell's airdrop should still have a certain profit margin. Don't miss it!
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※ Pell Code: JFYJ7A
※ The above content is purely personal sharing and does not constitute investment advice (NFA). Users should conduct their own research (DYOR) and assess their personal risk tolerance.
※ The attached image is sourced from Pell announcements and tweets, dApp.