Pyth Network Drops 255 Million Tokens: Get Ready for Some Airdrop Madness!

90K Wallets to Receive 255M Pyth Tokens in Upcoming Airdrop

255M Pyth tokens will be given away to 90K wallets next week.

Have you ever wished that money could just fall from the sky and into your pockets? Well, it might not be money from the heavens, but next week, decentralized finance (DeFi) users will experience something close to a celestial event as they receive an airdrop from Pyth network. And let me tell you, this airdrop is going to be massive!

Pyth network, known for its rivalry with the big player Chainlink, has come up with a genius plan to gather pricing data. They’ll be getting their first-party pricing data from exchanges, trading firms, and even institutions. Talk about some serious data gathering skills! This information will then be relayed to smart contracts or clients, ensuring that everyone gets the most accurate and up-to-date data possible.

But wait, there’s more! The Pyth network has its native token called PYTH. And they’re not holding back with this one. They’ve decided to unleash a whopping 255 million tokens to 90,000 lucky wallets in the airdrop. It’s raining tokens, my friends! It’s like catching cryptocurrencies in a butterfly net. Cue the confetti cannons and celebrations!

Now, let’s talk about the juicy details. Initially, the circulating supply of PYTH will stand at 1.5 billion tokens. But here’s the catch: 85% of the total supply will be locked away for six to 42 months. It’s like the tokens have been sent to digital jail, awaiting their time to enter the market. Don’t worry, though, the fun doesn’t end there!

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Mark your calendars, folks! The claim process for these tokens begins on November 20th at 14:00 UTC. But don’t rush, you’ll have a full 90 days to secure your piece of the pie. And guess what? Even if you’ve just dabbled in decentralized apps or you’re an active member of the Pyth network’s social media channels, you could be eligible for this airdrop. It’s like being handed a golden ticket to a Willy Wonka DeFi factory!

Now, let’s address the elephant in the room. Chainlink, with its impressive market share and total value secured, has been dominating the price oracle sector. But here comes Pyth, ready to disrupt the game. According to DefiLlama, Chainlink boasts $14.7 billion in total value secured (TVS), while Pyth is not too far behind with $1.57 billion TVS across 120 protocols. Pyth is like the underdog, rising from the underground to challenge the heavyweight champion.

What sets Pyth apart from the competition is its use of primary sources. While Chainlink relies on aggregators like CoinMarketCap, Pyth goes straight to the source. It’s like comparing a detective who solves crimes by investigating every lead versus one who relies solely on second-hand information. Take your pick!

Exciting news for all those jump-on-the-bandwagon types! Several exchanges, including OKX and HTX, have cheerfully announced that they will be listing PYTH, and trading will commence on November 20th. So, get those trading caps on, and may the best investor win!

Just when you thought this airdrop news couldn’t get any better, Pyth concludes their blog post with: “Edited by Stephen Alpher.” Well, thank goodness for Stephen’s editing skills! We can only imagine the groundbreaking changes made by this unsung hero.

Time to get ready for the Pyth airdrop, folks! Grab your umbrellas and wallets because it’s raining tokens! Don’t miss out on this DeFi extravaganza. Claim your part of the pie and enjoy your newfound riches. And remember, let’s keep the humor and excitement alive in the world of digital investments!

Psst! What do you think of Pyth’s airdrop madness? Are you excited, or does it make you want to do a little victory dance? Share your thoughts in the comments below!

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