Original | Odaily Planet Daily ( @OdailyChina )

Author | Asher ( @Asher_0210 )

Last night, Layer 1 project XION announced on the X platform that it is open for token airdrop inquiries, and stated that users who actively participate in the XION testnet Dapp, have received special recognition from XION community activities, and are active in multiple ecosystem partner communities can inquire about the number of their XION token airdrops. To ensure the comprehensiveness and fairness of the XION airdrop distribution, the official said that a series of snapshots were taken throughout the year, with the main data collection points being March 6 and July 15, 2024.

As soon as this news came out, major "money-gathering" communities went to check it out, and the discussion became lively for a while. Although some community users posted "0 for 1400 U showing off their wealth", more people complained that the airdrop rules were unclear:

• "There is no one who has started from the beginning, there is no one at the top of the ranking, and there is no airdrop rules. It is a mysterious operation."

• "This project is so funny. I joined the group in November 2023. I made it to the top 100 in Discord XP, but found 0. I almost completed all the EVM Galaxy tasks, but found 0. I completed all the Meta account tasks, but found 0. "

• "The snapshot was taken in July, and PUA tasks continued afterwards, causing the website to be extremely slow and stuck."

• “If the data is 0, just file a complaint, but I think there is a high probability that the project owner will not care, which is very likely to indicate insider trading.”

• ......

Next, Odaily Planet Daily will take you to understand the basic situation, token economic model, query tutorial, complaint channel and over-the-counter price of Layer 1 project XION.

Project Introduction

Image source: Official Twitter

XION is a Layer 1 project developed by Burnt and designed for consumer adoption. The project aims to remove technical barriers to crypto for consumers, providing a toolkit that includes seamless fiat on- and off-ramps, direct credit card purchases, familiar Web2 logins, secure account abstraction with mobile support, and zero gas fees.

According to ROOTDATA data , XION has completed multiple rounds of financing with a total amount of US$36 million. The most recent round of financing was in April this year, when it announced the completion of US$25 million in financing, with Multicoin, Animoca Brands and Arrington Capital participating in the investment.

XION announces $25 million 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, which is 10 million XION. The specific distribution of the airdrop is as follows:

• 69% is allocated to testnet users, builders, Discord members, etc., where the qualification of testnet users depends on various factors, including high ranking in the leaderboard and successful participation in various deployment applications such as EarnOS, BlockX, XionEverywhere, Galxe activities, etc.;

• 6% to the Miladi & Remilio communities;
  

• 5% to the Gigachad community;
  

• 4% is allocated to the SPX 6900 community;

• 4% to Based Brett;

• 3% is allocated to the Injetcive community;

• 2% is allocated to the Berachain community;

• 2% to the Tensorian community;

• 2% is allocated to the Monad community;

• 1.5% is allocated to the Mocaverse community;

• 1% is allocated to the Python community.

XION airdrop token distribution

Officials also stated that the currently launched XION airdrop query is just a checker, not a claiming website. No tokens are currently available or listed on exchanges.

XION Airdrop Query Tutorial

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

STEP 1. Enter the query website and click Next.

STEP 2. Use the Meta account, EVM wallet account, and Discord account to query respectively.

At the same time, for those who think the query results are wrong, the official has opened a form to appeal. The link is: https://docs.google.com/forms/d/e/1FAIpQLSe2msgS0n-IgWfIufkfePhb2dqc0FOYXIaoPZ9wi_dA8qh7Kg/viewform

OTC

Bitget XION Pre-Market Trading

At 3 pm yesterday, Bitget launched XION in the pre-market trading market. The price once surged to US$6.5. The current over-the-counter price is US$4.88, and the 24-hour trading volume is US$183,400.