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Home » Avail, the blockchain data-availability protocol, reveals massive 600M token airdrop.
Avail, the blockchain data-availability protocol, reveals massive 600M token airdrop.
Avail, the blockchain data-availability protocol, reveals massive 600M token airdrop.
Blockchain

Avail, the blockchain data-availability protocol, reveals massive 600M token airdrop.

04/18/20242 Mins Read
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Avail, a Web3 infrastructure layer developed using Polygon’s software development kit, plans to distribute 600 million AVAIL tokens to users through an airdrop. This initiative, known as the Unification Drop, aims to bring together various communities and reward individuals who have contributed to the development, governance, education, and usage of the platform. Avail, founded in 2020, consists of three components: Nexus, Fusion, and DA. Avail DA enhances base-layer transactions by scaling rollups using techniques like KZG commitments and data availability sampling. Data availability allows nodes to verify grouped transactions without downloading all block data, while KZG commitments enable data verification without compromising privacy. Avail Nexus acts as a cross-chain bridge, facilitating transactions and asset swaps across multiple blockchains. Avail Fusion enables the liquid staking of assets on Ethereum, Bitcoin, and other platforms. AVAIL tokens are used to access Avail DA services, stake on the unification layer, and participate in governance. The airdrop will be based on users’ commitment time, depth, and impact on the ecosystem, with a total of 354,605 wallet addresses set to receive the AVAIL token upon mainnet launch. Out of the 600 million tokens, 90 million will be allocated to blockchain ecosystem developers, 49.5 million to testnet users, 380 million to rollup users on various blockchains, 70 million to Polygon stakers, and 10.5 million to community contributors. It’s worth noting that the airdrop is not limited to Avail and Polygon users, as the goal is to unify the Web3 ecosystem at a fundamental level, including contributions from Bitcoin, Ethereum, Solana, Cosmos, Avalanche, Near, and others. The announcement of the airdrop received positive feedback from the Polygon community, with co-founder Sandeep Nailwal expressing excitement about the initiative. Avail was separated from Polygon Labs on March 16, 2023, to focus on Ethereum-native data availability efforts and enable modular blockchain architectures for Web3 projects.

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