Bithumb Korea is executing the 10th airdrop payment of IOST tokens to eligible users according to its previously announced plan, impacting holders on its platform.
The airdrop affects mainly IOST holders at Bithumb, with no significant impact on broader cryptocurrency markets like Bitcoin or Ethereum.
Bithumb has conducted the 10th payment of the IOST airdrop for eligible users as part of a larger distribution initiated by the IOST Foundation.
The installment, which is part of a 4.26 billion IOST plan, highlights Bithumb’s role in executing these distributions under the leading efforts of the IOST Foundation.
Bithumb Distributes 10th IOST Airdrop Payment to Users
The 10th payment of the IOST airdrop was conducted by Bithumb for eligible users. This installment is part of a larger 4.26 billion IOST distribution plan initiated by the IOST Foundation.
Involved parties include Bithumb Korea and the IOST Foundation. Bithumb officially announced the details through their platform, adhering to pre-established criteria, while IOST leads the broader distribution campaign. As noted in their announcement,
“The 10th payment is another batch of IOST rewards to eligible users according to snapshot / holding / activity criteria defined in earlier notices.” — Bithumb, Notice Section
No Major Impact on BTC or ETH from IOST Airdrop
The airdrop primarily impacts IOST holders on Bithumb, with no significant effect on major cryptocurrencies like BTC or ETH. Regulatory bodies have not issued particular statements on this event.
The release is routine and seen as a distribution enhancement rather than a funding shift. Historically, similar events have generated localized trading volume spikes on distribution platforms. Root Data provides additional insights into such crypto trends.
Routine Airdrop Aligns with IOST’s Growth Strategy
Comparable airdrop installments have occasionally resulted in short-lived trading activity spikes. Analysts view these distributions as routine within exchanges’ operational frameworks.
Kanalcoin notes the event aligns with IOST’s user-growth strategy, rooted in a systematic plan and historically low volatility impact on broader market dynamics. The IOST Foundation has stated that
“Existing users will receive 40% (approximately 1.71 billion IOST). New users will receive 60% (approximately 2.56 billion IOST).” — IOST Foundation
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