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CEO and co-founder Xin Yan says Sign’s revenue grew from $1.7 million in 2023 to $15 million in 2024 because of the growing popularity of token airdrops on the TON blockchain.
An airdrop is an unsolicited distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses. Airdrops are often associated with the launch of a new cryptocurrency or a DeFi protocol, primarily as a way of gaining attention and new followers, resulting in a larger user base and a wider disbursement of coins. [ 1 ]
Starting in 2025, WEEX plans to implement quarterly buybacks and burns for WXT, with an initial burn of 4 billion tokens—40% of the total supply, valued at approximately $120 million. This strategy reduces circulating supply, increases scarcity, and strengthens price support, boosting long-term value expectations.
An airdrop basically places tokens in your crypto wallet, and a crypto project’s creators may do so to help grow a grassroots network of supporters, says Alan Eschweiler, the chief operating ...
Earlier this year, it looked like Render (CRYPTO: RENDER) was going to be the top AI crypto token, because the narrative was all about GPU computing power. But now, the narrative has shifted to ...
Edinburgh, Scotland, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Since Bitcoin first broke through $100,000 on December 5, 2024, the market has soared, creating countless millionaires in a short period of time. More and more people are realizing that cryptocurrencies, as a financial asset, have the potential to increase wealth unmatched by other ...
As a result, it's now being touted as "the next Ethereum (CRYPTO: ETH)" and a potential "Solana (CRYPTO: SOL) killer." Happy young investor with mobile phone. Image source: Getty Images.
A cryptocurrency, crypto-currency, or colloquially, crypto, is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.