The airdrop of the crypto LAVA is coming tomorrow: is there still time to participate?

In line with what was reported in an email to The Cryptonomist, the Lava Community project is about to originate the following day the crypto airdrop of its governance token LAVA.

The novel cryptocurrency would possibly perchance perhaps perchance additionally be staked by validators and suppliers, and staked by token holders, fueling a modular facts community.

Are we calm in time to qualify for the airdrop?

Let’s rep out collectively.

What’s the Lava Community project and how does it work?

Lava is a modular facts community that provides rep admission to to more than 30 blockchains because of its rapidly and decent RPC nodes.

Based in 2022, the project has already served over 40 billion RPC requests, with a recent common of two billion everyday calls.

If you happen to realize no longer know, the time period RPC indicates the interface “Distant Map Call”, used by customers to own interplay with a web3 utility.

Every time we join with a decentralized pockets to an utility, this mechanism permits us to call capabilities and keep up a correspondence with the blockchain.

Every web3 pockets provider provides its possess base RPC for every supported community, nonetheless Lava Community intends to provide more purposeful and competitive tools.

Lava Community is devoted to establishing shuffle high uptime and uninterrupted rep admission to to facts on blockchain, similar to to provide rapidly and decent dApp connections.

The project makes exhaust of its possess suite of validator nodes that verify the sing of the PoS community and participate within the dispensed consensus by validating novel blocks.

The validators plot LAVA tokens for the work performed, while the customers are encouraged to delegate their consensus vitality with economic rewards.

In the preliminary phase to pressure the adoption of Lava’s RPCs, the public was incentivized to make exhaust of the project’s endpoints, contributing to the success of the community.

By the exhaust of Lava’s RPC endpoints, customers plot capabilities that will be transformed into airdrops at the originate of the mainnet the following day.

In February 2024, this project closed a funding round of 15 million greenbacks, led by Hashkey, Tribe Capital, Jupm, Aloof, and others.

The capital has been used to better assemble the tips layer for having access to the Web3 world.

Crypto airdrop of the governance token LAVA scheduled for the following day

In line with what was reported by the project team in a confidential email to The Cryptonomist, the airdrop of the LAVA crypto is scheduled for the following day.

Alongside with the originate of the mainnet, Lava Community rewards all node operators for offering high-efficiency RPC products and services with the novel token of the identical title.

Even the customers who participated within the “incentivized pools” contributing to reaching the milestone of 40 billion RPC calls will be rewarded in LAVA tokens.

We’re no longer but responsive to the modalities linked to the checker and the assert of the airdrop, alternatively, the whole facts would possibly perchance perhaps perchance calm strategy rapidly.

For the 2d, there is just not at all times a crammed with life page the achieve you would take a look at eligibility and respective allocation, so watch out of in style rip-off and false contract.

With the originate of LAVA and the mainnet, the paragraph of the “Magma Share 3” comes to a shut, which has accompanied the onboarding of customers and developers.

The customers eligible for the airdrop will be in a predicament to redeem the novel LAVA token and stake in restaking the coin to plot extra rewards.

Node operators will as an replace be in a predicament to straight stake the resource, contributing to the protection of the community, earning yields as successfully.

The staking reward is paid straight in LAVA while the incentives are supplied within the make of AXL, EVMOS, and varied tokens.

LAVA also serves because the governance token of the project, to be used for taking part within the community’s selections.

Tokenomics of the crypto LAVA

LAVA can own a provide of 1 billion tokens, with the maximum provide minted at the TGE and no future unlocks.

6.6% of the maximum provide is devoted to the “Supplier Drops”, which is allocated as a monthly reward to contrivance novel suppliers all around the preliminary phase of the mainnet.

It is miles a mechanism of boostrapping with rewards paid monthly in a style proportional to the generated search facts from.

15% of the provision is used for diversified incentives of the cryptographic project, including the airdrop scheduled for the following day.

3.4% of the fragment is allocated to an preliminary pre-mint for the validators, while 31% is to fuel the ecosystem of applications that orbit the community.

Lastly, 17% is devoted to the early backer and 27% to the core contributor.

Supply: https://doctors.lavanet.xyz/distribution

The LAVA tokens dispensed with the airdrop is perchance no longer topic to vesting and can very successfully be unlocked all at originate, apart from the reward reserve which unlocks within the 4th year.

On the opposite, the ecosystem, investors, and collaborators will have to adjust to vesting tips: for the broken-down, 25% is unlocked at originate while 75% unlocks over 4 years with linear distribution.

For investors and collaborators, 33% is unlocked after the first year while the last 67% is diluted over 3 years.

Supply: https://doctors.lavanet.xyz/distribution

Is it calm attainable to participate within the airdrop of the crypto LAVA?

Unfortunately, there is just not at all times a more time to participate within the airdrop of the crypto LAVA, as it is scheduled to be launched the following day.

As confirmed also on Twitter and Discord, the so-called “Magma Point Season 1” has come to an cease on June 17.

For the time being, there would possibly perchance be therefore no solution to amass capabilities, qualifying in a brief time for the originate of the following day’s airdrop.

In any case, it is no longer excluded that there’ll be novel Magma Aspects Season (it is indeed seemingly) so we can already position up ourselves to farm the following distribution.

To qualify for future launches, it is critical to make exhaust of Lava Community’s RPCs as noteworthy as attainable, each and each in mainnet and testnet.

To attain this, we have to head to the “Are attempting Lava Gateway” share, decide the specified community (e.g., Ethereum) after which copy and paste the endpoint into the RPC settings of our pockets.

If you happen to own never performed an operation like this, you would count on this tutorial.

One more thing to realize to qualify for future airdrops is to aquire the LAVA token on the market and delegate to validators in restaking.

By doing so, to boot to acquiring a yield on the deposit, we can feed the community of validator nodes, strengthening the Lava community.