FTX Token Airdrops

Cryptocurrency airdrops are all the rage lately. If you’re not familiar with the term, an airdrop is when a company distributes free tokens or coins to its users. 

Airdrops can be a great way to get started in the cryptocurrency world, and they often come with some pretty amazing bonuses. We’re providing an FTX token airdrop for the new SRM coin. Learn more below about how you can take advantage of this amazing opportunity.

What Token is Getting Airdropped?

FTX is airdropping the SRM token for our users. The SRM token will be used to trade on the Serum DEX, as well as to provide governance rights for those who hold it.

What is SRM?

SRM is the native token of Serum, a decentralized derivatives exchange built on Solana.
The Serum DEX is designed to be the fastest and most user-friendly decentralized exchange in the world. In addition, the Serum DEX will also be completely trustless and non-custodial.
This means that users will always retain control of their own private keys and that no third party will ever have custody of their funds.
The SRM token itself is an ERC20 token, which means that it can be stored in any ERC20-compatible wallet.

What are Crypto Airdrops?

Crypto airdrops are a great way to get free tokens. Often, all you have to do is hold a certain amount of another token in your wallet, and you’ll be eligible to receive the airdropped token.
Airdrops are usually distributed evenly among all eligible participants, so everyone has a chance to get some free tokens.

How Often Do Airdrops Occur?

Airdrops can occur at any time, but they often happen when a new token is launched. This is because airdrops are a great way to generate buzz and interest in a new project. They’re also a great way to get the word out about your project, and to build up a community of users who are invested in your success.

How Much FTX Token Airdrop Will Users Receive?

The number of tokens that get airdropped can vary greatly. Sometimes, you might only receive a few tokens, while other times you could receive hundreds or even thousands of tokens. It all depends on the project and the size of their community.

How Do You Get an SRM Airdrop on FTX?

For our users, we’ve made it simple to get an FTX token airdrop. Right now, FTX has committed to distributing 5% of the total supply of SRM back to FTT holders over time.
This means that

  • Users who hold 500 FTT or more unlocked on FTX can take part in SRM airdrops.
  • Users will receive three locked (1-7 year) SRM airdrops for every 500 FTT unlocked they hold each week. There is no upper limit.
  • Snapshots of FTT holdings will be taken randomly, and airdrops will be dispersed to qualified users’ wallets every Tuesday after the FTT buy and burn.

Increase Your SRM Airdrop by Staking FTT!

SRM airdrops are only available to users to actively participate in FTT staking. Sign up for an account today!