$KARMA Council Launches Largest Fungible Token Airdrop in Bitcoin History
REDMOND, WASHINGTON 4 March 2024 – $KARMA released the largest fungible token airdrop in Bitcoin history to over 61,000 wallets on February 27. In true Web3 tradition, the collection was launched by a seven-member $KARMA Council, bringing together 10 leading Ordinals communities behind $KARMA’s mission.
The $KARMA Council’s airdrop aims to foster a sense of community amongst early Ordinals participants and bolster the burgeoning ecosystem. $KARMA is a token launched by a seven-member council, including representatives from the OnChainMonkey (OCM) community and Tap Protocol, among others.
Strength in Numbers: Growing the Ordinals Ecosystem
The $KARMA Council believes that fostering strong relationships with other communities is essential in achieving the $KARMA community’s goals. A significant number of tokens have been earmarked for future ‘Karmunity’ Incentives to activate partnerships and initiatives that will help expand the $KARMA and Ordinals community.
The Ordinals Community Airdrop
The $KARMA Council decided to airdrop 49,968,900 $KARMA tokens to communities within the Ordinals ecosystem to push towards expanding both the OCM & Ordinals ecosystems. The top 9 collections by market capitalization were selected for the airdrop.
Rewarding the OCM Community
A total of 560 million $KARMA tokens are being allocated to holders of OnChainMonkey NFTs, with eligibility based on assets being migrated from Ethereum to Bitcoin. The airdrop was completed efficiently using the TAP Protocol, setting a precedent for future community inclusions for airdrops on Bitcoin.
About $KARMA
$KARMA is more than a token; it’s a commitment to growth, community, and innovation. Designed to expand the OCM and Ordinals ecosystems, $KARMA aims to redefine engagement and opportunity for the entire Ordinals community and beyond.
The $KARMA Council’s groundbreaking initiative is set to revolutionize collaboration, economic empowerment, and impact within the Web3 space, with strong communities early to Ordinals at its core.
For more information, visit $KARMA.
