The ParaX Medal NFT airdrop initiative, beforehand outlined by ParaSpace, will embody a complete of two,000 NFTs. The primary 200 have been delivered to the preliminary migrating accounts.
An extra 1,000 NFTs can be airdropped to the highest 1,000 migrating accounts, as decided by their Complete Worth Locked (TVL) and Borrowing and Lending (BNPL) exercise. An additional 800 NFTs can be allotted to customers migrating throughout the first week, on a first-come, first-served foundation.
ParaX, fashioned by way of the merger of ParaSpace and Parallel Finance, goals to develop into a complete web3 tremendous app, offering infrastructure to boost consumer experiences and increase mass adoption throughout numerous blockchain networks.
To precise appreciation to customers migrating to ParaX, the event group will introduce ParaX Medal NFTs, providing extra advantages throughout the ParaX ecosystem, together with level distribution.
The transition to ParaX will introduce a dual-scoring system, monitoring consumer exercise on each platforms. ParaX will function a brand new dashboard, monitoring historic challenge exercise and new engagements.
ParaSpace has additionally unveiled the ParaX whitepaper, highlighting the ecosystem’s basis. This consists of account abstraction, meta consumer interface, zkVM, and cross-domain intent-based LLM, simplifying consumer interactions with Web3 functions by way of an automatic, clever execution layer.
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