Cosmos-based project Evmos plans to launch token airdrops on February 15, according to co-founder Federico Küllmer.
Evmos is a project aimed at linking the Cosmos and Ethereum ecosystems. Cosmos is a network of blockchains designed to allow tokens to be sent between blockchains. The Cosmos ecosystem blockchain is not natively compatible with Ethereum (especially Ethereum virtual machines), but Evmos is aiming for initial compatibility. And by doing so, we hope to bring Ethereum users to Cosmos.
Announced on December 15th, AirDrop will reward Ethereum users and two cosmos-based blockchains.
“We wanted to reward Ethereum users because we wanted them to be part of the Cosmos ecosystem,” Küllmer said. “We see Evmos as the gateway to Cosmos.”
At Ethereum, users receive tokens using the most popular Ethereum applications such as Aave, Uniswap, and Compound. It also rewards those who have done MetaMask swaps (what many users have done in anticipation of MetaMask token airdrops). You will also be rewarded for those who use the bridge from Ethereum to other chains. In addition, it sends tokens to those who have lost money in a lot of attention hacks and rug pulls, including those who have lost money in the form of front running known as MEV.
There are some eligibility requirements. “Simply exchanging MetaMask gave us 1.4 million addresses. Most of these addresses were swaps worth just a few dollars. The charges were very high, so we set a threshold. We needed to, “says Küllmer.
At Cosmos, AirDrop applies to Cosmos Hub and Osmosis users. This applies not only to those who are betting the native tokens of each blockchain, but also to those who are involved in the blockchain in other ways, such as providing liquidity within a decentralized exchange.
Airdrops are not as simple as other airdrops. In order for the user to request part of the token, it must interact with the blockchain. They need to perform four tasks, each unlocking 25% of the tokens. These tasks include staking, governance voting, and sending IBC transfers (how tokens are sent over the blockchain within the Cosmos ecosystem).
The airdrop snapshot was taken on November 25, 2021. Evmos launches a dashboard that allows users to determine if they are eligible for airdrops in different wallets.