In the field of decentralized finance (DeFi), 255 million new tokens will enter the market next week.
Oracle network Pyth rolls out to over 90,000 wallets that meet eligible criteria next week 255 million tokens will organize an airdrop.
Pyth collects price data from exchanges, trading firms and institutions and will later transfer it to smart contracts.
Pyth will be the rival of Chainlink, one of the largest altcoins. Pyth uses primary sources, unlike Chainlink, which uses data aggregators like CoinMarketCap.
To benefit from the airdrop, it is necessary to use decentralized applications that benefit from Pyth’s data or interact through Pyth’s social media channels.
The circulating supply of the project’s own token, PYTH, will be 1.5 billion in the initial phase. 85% of the total supply will remain locked over a period of 6-42 months.
Users will be able to apply to receive tokens within the scope of the airdrop starting from November 20, 17:00 CET. Applications will remain open for 90 days.
According to Defi Llama data, Chainlink is in the Oracle market. With a share of 44.8% continues its leadership. Pyth’s share is 4.79% at the level.