XION token airdrop query, is it a loss or a profit?

Author: Asher, Odaily Planet Daily

Last night, the Layer 1 project XION announced on the X platform that it has opened token airdrop queries. It stated that users who actively participate in the XION testnet Dapp, receive special recognition from the XION community activities, and are active in multiple ecosystem partner communities can check their XION token airdrop amounts. To ensure the comprehensiveness and fairness of the XION airdrop distribution, the official team mentioned that a series of snapshots were taken throughout the year, with the main data collection points being March 6, 2024, and July 15, 2024.

As soon as the news broke, various "profit-seeking" communities rushed to check, and discussions became lively. Although some community users posted "0 profit with 1400 U flaunting posts," more were complaining about the unclear airdrop rules:

• "There are none from scratch, none in the top rankings, and no airdrop rules, it's a mysterious operation."
• "I laughed at this project, I joined the group in November 2023, reached top 100 in Discord XP, checked and got 0; I did almost everything in EVM Galaxy, checked and got 0; completed all tasks for the Meta account, checked and got 0."
• "Snapshots were taken in July, and then there were continuous PUA tasks, the website is lagging badly."
• "Those with 0 data should directly appeal, but I think the project team probably won't care, it feels like a mouse warehouse."
• ……

Next, Odaily Planet Daily will take you to understand the basic situation of the Layer 1 project XION, its token economic model, query tutorial, appeal channels, and off-market prices.

Project Introduction

XION is a Layer 1 project developed by Burnt, designed for consumer adoption. The project aims to eliminate the barriers of cryptocurrency technology for consumers, providing a toolkit that includes seamless fiat on-ramps, direct credit card purchases, familiar Web2 logins, mobile-supported secure account abstraction, and zero gas fees.

According to ROOTDATA, XION has completed multiple rounds of financing, with a total amount reaching 36 million USD. The most recent financing was completed in April this year, announcing a 25 million USD funding round, with investors including Multicoin, Animoca Brands, and Arrington Capital.

XION announces completion of 25 million USD financing

Token Economics

According to official information, the total supply of XION tokens is 200 million, of which airdrop tokens account for 5% of the total supply, amounting to 10 million XION. The specific distribution of the airdrop portion is as follows:

• 69% allocated to testnet users, builders, Discord members, etc., where the eligibility of testnet users depends on various factors, including high leaderboard rankings and successful participation in various deployed applications such as EarnOS, BlockX, XionEverywhere, and Galxe activities;
• 6% allocated to the Miladi & Remilio community;
• 5% allocated to the Gigachad community;
• 4% allocated to the SPX 6900 community;
• 4% allocated to Based Brett;
• 3% allocated to the Injetcive community;
• 2% allocated to the Berachain community;
• 2% allocated to the Tensorian community;
• 2% allocated to the Monad community;
• 1.5% allocated to the Mocaverse community;
• 1% allocated to the Pyth community.

XION airdrop token distribution details

The official team also stated that the currently launched XION airdrop query is just a checker, not a claiming site. There are currently no tokens available or listed on exchanges.

XION Airdrop Query Tutorial

Query website: https://believe.xion.burnt.com/

STEP 1. Enter the query website and click next.

STEP 2. Query using Meta account, EVM wallet account, and Discord account respectively.

At the same time, for those who believe the query results are incorrect, the official has opened a form for appeals, link: https://docs.google.com/forms/d/e/1FAIpQLSe2msgS0n-IgWfIufkfePhb2dqc0FOYXIaoPZ9wi_dA8qh7Kg/viewform

Off-Market Trading

Bitget XION pre-market trading

Yesterday afternoon at 3 PM, Bitget launched XION in the pre-market trading market, with the price once soaring to 6.5 USD. The current off-market price is 4.88 USD, with a 24-hour trading volume of 183,400 USD.