@fragmetric was one of the most hyped airdrops we had on Solana this year, and the expectation were high that this could possibly be the best one
But in reality, the token came a lot lower than users expected, coming below than $200M FDV, and now sitting at $0.11 per $FRAG
The expected was at least $400M FDV, which would be $0.4 per $FRAG
Those who started farming early, probably got a nice profit from it. I believe the ones who didn't get a good airdrop were the ones who started farming late, like a month ago
We can't know if an airdrop will be nice when it starts, but we can talk about the team and product
Fragmetric is now the 12th biggest protocol on Solana with $310M TVL. They also expanded deposits to BTC with zBTC and for this S2 probably will have stables. No talking about Byreal and Reset Launch
Not only this, but apart from Fragmetric's airdrop, we also farmed RateX/Exponent, Switchboard and Kamino (+ JTO rewards)
Maybe we expected too much, maybe there were some mistakes during TGE, but Fragmetric has a good product and will keep innovating
• @fragmetric : July 1st • @DeFiTuna : no exact date yet • @JupiterExchange : ASR expected for mid July • @EclipseFND : checker and TGE soon • @AethirCloud : confirmed for july • @SonicLabs : S1 claim
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Fragmetric just announced claim will begin on July 1
Here's everything you need to know about the airdrop
SNAPSHOT • Discord roles: June 23 • TOPU & F Points: June 24 • Eligibility checker: June 26 • Claim: July 1
$FRAG TOKEN Total supply: 1,000,000,000 Initial circulating: 202,000,000
ALLOCATION • 15% of total supply allocated to the airdrop • 10% for Season 1 • 8% for point holders • 1% for TOPU and Mad Lads • Airdrop will be fully unvested
UTILITY • Holders can stake to participate in governance • The longer the stake, the higher the voting power • Staking will also boost F Points during next Seasons