DEX 1inch aggregator sends $ 84 million to active Uniswap and Mooniswap users. This is a marketing campaign or „vampire airdrop“ to attract users of competing projects.
$ 84 million airdrop
A new 1inch airdrop allows Mooniswap and Uniswap users to receive 1INCH tokens . What are the eligibility criteria?
The airdrop distributed 6 million 1INCH tokens to Uniswap users. To receive the airdrop, users had to interact with Uniswap for at least 20 different days, and have done at least 3 operations in 2021 . Also, the wallets must not have been in contact with 1inch or Mooniswap in the past.
According to a spokesperson for 1inch, there are about 25,000 eligible addresses entitling each user to 240 tokens, or about $ 1,300 at the current price. To claim the airdrop, users need to connect their wallet to DEX’s aggregator: 1inch.exchange .
Bouton Claim 1inch
In addition, the airdrop also targets users of the Mooniswap exchange. To receive 1INCH tokens, users had to interact with Mooniswap before December 24 . Approximately 4.8 million tokens have been distributed to 9,094 Mooniswap users. This represents 527 1INCH worth approximately $ 3,000 for each eligible wallet.
Finally, 375,000 tokens were distributed to users of wallets like Argent, Authereum, Gnosis and Pillar.
Usually, airdrops are intended to start the life of a token to make it known. But the airdrop made by 1inch had a whole other purpose: to steal some Uniswap and Monniswap users .
This is a marketing campaign, said Sergej Kunz , co-founder of 1inch:
“We see great potential in expanding our community to include users who have not yet used our DEX aggregator. “
Vampire attacks are not a new concept. The decentralized exchange SushiSwap and its SUSHI token were created in order to vampirize Uniswap by capturing its liquidity.