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.
A further 1,000 NFTs will probably 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 will probably be allotted to customers migrating throughout the first week, on a first-come, first-served foundation.
ParaX, shaped by the merger of ParaSpace and Parallel Finance, goals to turn into a complete web3 tremendous app, offering infrastructure to reinforce 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 purposes by an automatic, clever execution layer.
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