TL;DR
- MEXC and Swell Network launch airdrop event with 50,000 tokens as prizes.
- A grand prize of 800,000 SWELL and 20,000 USDT is offered for participating in deposits and transactions.
- The initiative seeks to promote the adoption of the token in the Ethereum and DeFi ecosystem.
The Swell Network airdrop event on the MEXC platform represents an important opportunity for users interested in the growth of decentralized finance (DeFi) on the Ethereum network.
MEXC and Swell Network have partnered to launch this special event with a prize pool of 50,000 tokens, along with an additional incentive for those who deposit and transact in $SWELL.
🔥 The @swellnetworkio / $SWELL Token Airdrop Event is now live!
👉 Deposit & trade $SWELL to share 800,000 SWELL + 20,000 USDT in prizes!
⏰ Ends on 10:00 Nov 21, 2024 (UTC)
🎁 Spread the word now to win a share of 50,000 SWELL: https://t.co/TCBFoyjJXw
— MEXC (@MEXC_Official) November 7, 2024
According to the original source, this initiative seeks not only to expand the token’s presence, but also to encourage the cryptoasset community to explore the advantages offered by the Swell Network protocol in the field of decentralized participation.
The event, which started on November 7, 2024 and will run until November 13, features a prize structure in which the first 100 users who participate via social media will receive a reward of 25,000 SWELL tokens.
Another 25,000 tokens will be allocated to a second group of 100 users, thus strengthening Swell Network’s presence in the MEXC community and consolidating its liquid staking offering on Ethereum. This collaboration not only grants visibility to Swell Network, but also offers a significant opportunity for early access to its DeFi ecosystem.
A boost to the adoption of Swell Network on Ethereum
As part of the airdrop, it was also announced that those who deposit and trade $SWELL on MEXC will be able to compete for a larger prize pool, consisting of 800,000 tokens and 20,000 USDT, which expires on November 21, 2024.
This incentive system promotes greater adoption and usage of the token, allowing participants to become familiar with its unique Ethereum staking proposition, where Swell combines both liquid staking and resttaking, something innovative in the industry.
Swell Network, which recently launched a vertical integration with a Layer 2 rollup on Ethereum, has positioned itself as a promising option within the cryptocurrency staking market.
By optimizing token performance and improving liquidity management, the protocol provides users with flexibility that may appeal to those interested in decentralization and the growth of DeFi.
This airdrop event represents a key strategy for the protocol, as it allows both new and existing Ethereum users to discover and take advantage of these tools in an increasingly competitive environment.
With this series of rewards, the collaboration between MEXC and Swell Network also serves to strengthen the visibility of Ethereum and its DeFi ecosystem.
The event encourages the participation of users of different profiles and provides access to efficient staking, something that is becoming relevant in the current context of cryptocurrencies.
As more users join, Swell hopes to consolidate its position in the market and expand access to its DeFi innovations.
