Warning from CEO of Altcoin to Distribute Airdrop: “You Must Do This To Get Coins!”

In recent weeks, the USDN stablecoin in its ecosystem has come to the fore after leaving 1 dollar and falling. Waves (WAVES) altcoin, warned users about the upcoming POWER airdrop.

Waves founder Sasha Ivanov announced in his statement that as a solution, the USDN stablecoin will no longer be a stablecoin and will turn into a token called WIXT. It was also added that the WIXT token will be collateralized through various coins in the Waves ecosystem.

“We Will Not Airdrop To Those Who Hold Coins On Central Exchanges”

As a recent development, Sasha Ivanov gave an important warning to users regarding the POWER airdrop, which will be distributed to the holders of Waves ecosystem tokens. According to Ivanov, the airdrop will only be awarded to tokens held on the Waves chain, and users holding their coins on centralized exchanges will not receive token distributions.

Ivanov warned users about this:

“Time to start removing your WAVES from cexes, the POWER airdrop will only be on the Waves chain.”

Time to start taking your $waves out of #cex‘s, $power airdrop will be on #waves chain only. #wavesarmy

— Sasha.waves (@sasha35625) January 17, 2023

In addition, Ivanov stated that USDN holders will also receive a share of the POWER token distribution. No information was given about the date of the airdrop.

Ivanov developed the Power Protocol, which includes a set of rules and incentives to encourage community engagement. The protocol is designed to identify and then measure key performance indicators (KPIs) and offer financial rewards and penalties to facilitate accountable, transparent and efficient community collaboration.

These KPIs, if met, will result in rewards for participating communities. Conversely, if they are not fulfilled, a community may be penalized by destroying some of the staked management tokens. Thus, it is aimed to prevent users who vote only to win token rewards.

*Not investment advice.