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 Whole Worth Locked (TVL) and Borrowing and Lending (BNPL) exercise. An additional 800 NFTs can be allotted to customers migrating inside the first week, on a first-come, first-served foundation.
ParaX, shaped via the merger of ParaSpace and Parallel Finance, goals to turn out to be a complete web3 tremendous app, offering infrastructure to boost consumer experiences and enhance mass adoption throughout varied blockchain networks.
To specific appreciation to customers migrating to ParaX, the event staff will introduce ParaX Medal NFTs, providing further advantages inside 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 purposes via an automatic, clever execution layer.
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