KernelDAO, which was once invested by Binance Labs (now YZi Labs), has launched the Season 1 airdrop qualification inquiry function as of yesterday (3/26).
Partners who have followed the author since last year to layout the KelpDAO + Karak airdrop dual strategy should have an airdrop allocation!
Let’s summarize the rules for the first quarter airdrop
Snapshot time: The end time of the first quarter is 2024/12/31. Points obtained before this date belong to the first quarter airdrop.
Total airdrop amount: 10% $KERNEL tokens
Airdrop eligibility: First quarter points must accumulate to over 150 Kernel Points/Kelp Grand Miles
Airdrop time: Expected TGE in the first week of April
How about airdrop returns?
According to the announcement, each eligible wallet for the airdrop can receive at least 100 $KERNEL.
Currently, KERNEL's price in the pre-market is about 0.6243U. In other words, the minimum expected return is 62U.
Will it be listed on Binance?
The author believes that the chances of KERNEL being listed on Binance are very high, for the following two reasons.
1. KernelDAO occupies an important position in the BNB Chain
Currently, it is the third largest protocol on-chain and the main re-staking project on the BNB chain.
This is particularly important during the current time when Binance is actively promoting development on the BNB chain. Moreover, recently BNB launched a permanent liquidity reward program, and KernelDAO may become one of the first projects to receive awards.
2. YZi Labs invests in KernelDAO
At the end of November last year, Kernel announced the latest investment and financing dynamics, with YZi Labs (formerly Binance Labs) among them, indicating that KernelDAO's efforts in the BNB chain have indeed been recognized.
Other investment institutions include several well-known cryptocurrency venture capital firms, such as leading investor Laser Digital and follow-on investors GSR, DWF, LongHash, ArkStream, etc. The coverage spans from cryptocurrency media to market makers and exchange funds. Even if it is not listed on Binance, it will definitely be listed on other top exchanges.
Summary
The author first released the strategy for laying out the KelpDAO airdrop in July 2024. Time has passed for more than half a year. I hope that partners who followed me in laying out will achieve good returns in this airdrop.
At that time, the airdrop dual strategy also included Karak. Coincidentally, the Karak project team also published the latest updates yesterday after a long time. I think it’s possible that there will be news of an airdrop for Karak in Q2 this year, or it might be later in the second half of the year. If there’s any new information, I will update everyone!
So, for KernelDAO and KelpDAO, if you have a demand for holding related assets like BNB, BTC, ETH, you can continue to accumulate KERNEL airdrop points through these two protocols.
Don't forget that Season 1 only allocated 10% of the total amount. Participating now can accumulate airdrop points for Season 2. I will post the link for the additional 10% points bonus for KelpDAO in the pinned comment.
------------------
※ The above content does not constitute investment advice. Users should operate based on their own risk tolerance. DYOR and participate in the investment market with caution.
※ The attached image is sourced from Kernel, CoinEx, DefiLlama