Pyth Network Retrospective Airdrop Claim Process To Launch On November 20

Key Points:

• The claim process for the Pyth Network Retrospective Airdrop opens on November 20, lasting 90 days until February 18, 2024.
• Airdrop coverage for DeFi participants expanded, with the allocation rising to approximately 255 million PYTH tokens.
• Pyth commits 6% of supply (600 million PYTH) for airdrops; users connect wallets to the Solana blockchain for token receipt.

Pyth Network is set to launch the claim process for Pyth Network Retrospective Airdrop on Monday, November 20 at 2 PM UTC. The claim window, spanning 90 days, will remain open until February 18, 2024, providing participants ample time to secure their tokens.

Pyth Network Retrospective Airdrop: Claim Process Opens Nov 20

In a recent update, the project has expanded Pyth Network Retrospective Airdrop coverage for DeFi participants. Originally allocating 200 million PYTH tokens for on-chain DeFi participants, the network has now increased the allocation by approximately 55 million PYTH, resulting in a final airdrop allocation of around 255 million PYTH.

Importantly, the eligibility criteria and snapshot date for air investment remain unchanged, offering ecosystem participants the opportunity to verify their eligibility status.

Pyth Network’s 6% Supply Dedication for Active Users

The PYTH tokens earmarked for the Pyth Network Retrospective Airdrop are sourced from the “Community and Launch” section of the project’s tokenomics. Pyth Network is committed to allocating 6% of its supply, equivalent to 600 million PYTH, for airdrops to active users on the network.

To receive the Pyth Network Retrospective Airdrop, users must connect their wallets to the Solana blockchain, as PYTH tokens are issued according to the Solana Program Library (SPL) standard.

Pyth Network, recognized as a leading Oracle project, boasts over 50 major global partners. It serves as a critical data source, seamlessly integrating with protocols, AMMs, derivatives, and various other decentralized applications, offering transparent data with a latency under 1 second.

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