Lisk Introduces Eligibility Checker Before Season 1 Airdrop
In Brief
Lisk has made an eligibility checker available, providing users with the means to verify their allocations for the forthcoming first season airdrop, which is set to take place this week.
Ethereum Layer 2 network, Lisk The company has announced an upcoming airdrop and introduced an eligibility checker to facilitate user verification for their allocations during the first season, expected to happen this week.
The inaugural season wrapped up in February. This initiative was carefully crafted to allow builders and creators to explore the full spectrum of Lisk's offerings while earning rewards in LSK tokens. During this campaign, over 48 million transactions were successfully processed. The effort not only boosted user engagement but also spurred substantial growth in on-chain activities, with the number of verified smart contracts deployed on Lisk climbing to an impressive 17,803. This reflects the rising adoption of the network for functional, real-world applications. Additionally, as a result of increased user engagement, the Total Value Locked (TVL) hit a cumulative total of $200 million.
To maintain fairness and mitigate misuse throughout the distribution phase, Lisk has implemented a range of protective measures. These include soft identity verification processes to confirm the legitimacy of participants, Sybil-resistant challenges that necessitate meaningful interaction for completion, and systematic data analysis to identify and eliminate any suspicious activities before final distributions. Lisk has also partnered with Nomis, a Web3 reputation protocol, to bolster its anti-Sybil strategies.
As a token of appreciation, Lisk The team will choose ten outstanding participants to receive a special surprise reward. They also express their gratitude towards all holders of Lisk of Life non-fungible tokens (NFTs) for their continued support and patience. Announcement of the surprise winners will be made just prior to the kickoff of Season 2, on March 24th.
What Is The LISK Token?
LSK serves as the native cryptocurrency of the Lisk ecosystem, playing several vital roles within the network. Its primary functions include facilitating transaction processes, enabling voting and delegating functionality, acting as a reward method, backing the development and deployment of decentralized applications (dApps), as well as supporting interoperability and cross-chain communications.
As an LSK token holder, users have the chance to significantly influence the future of the Lisk ecosystem. This engagement might involve participating in on-chain governance through the Lisk DAO, earning rewards via staking, covering transaction fees on the Lisk network, and delving into decentralized finance (DeFi) opportunities.
Lisk boasts a highly efficient, quick, and scalable Layer 2 solution built on the Optimism framework, with its security reinforced by Ethereum . By leveraging the MIT-licensed OP Stack and collaborating with Gelato as a Relayers-as-a-Service (RaaS) provider, Lisk is enhancing Ethereum's capacity to support extensive blockchain infrastructure for wider mass adoption.
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