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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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Home Web 3

This Dude Woke up To Find $2M in His Wallet…

April 3, 2024
in Web 3
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This Dude Woke up To Find $2M in His Wallet…
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TL;DR

Full Story

Imagine waking up to find you’ve had almost $2M dropped into your crypto wallet…

Seems a little too-good-to-be-true, right? 

Well, it’s not.

This actually happened to someone earlier this week, during the Ethena Labs airdrop (aka crypto giveaway) campaign, and after looking into it — it seems like a helluva strategic move by Ethena. 

Here’s what we mean: 

Ethena Labs runs a synthetic dollar cryptocurrency, $USDe. At launch, they created the ‘Shard’ campaign which incentivizes people to contribute to their ecosystem. 

You could earn points (or shards) through purchasing and staking $USDe or by telling your friends to interact with the ecosystem (like a crypto referral program).

The main objective here was to onboard people into the ecosystem. 

(Which our man with the $2M airdrop maxed out on).

But this is where Ethena got really freaking smart. 

The airdrop didn’t reward early users with $USDe, but instead, Ethena’s new governance token $ENA.

(Where, for every $ENA token someone holds, they get one vote in any changes made to the network).

In doing so, Ethena was able to reward early users without diluting the supply of $USDe, and simultaneously incentivizing users to vote, participate, and help to grow its ecosystem.

Round of applause to the Ethena Labs team!

See also  Magic Eden's "Official Trump Wallet" Backfires After Trump Family Disavows Project
Tags: DudeFindWalletWoke

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