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Holders of XLM cryptocurrency can take part in the distribution of free tokens of the Aquarius liquidity management project
Holders of stellar (XLM) cryptocurrency can participate in the Aquarius token distribution. The initiators of the project announced this in the official blog. According to the updated information, the balances on the accounts of the airdrop participants will be fixed until January 15, 2022.
Aquarius is a liquidity management project in the Stellar ecosystem. It is expected to bring market makers and liquidity providers to the Stellar blockchain. AQUA tokens are needed to manage the project. Just as Bitcoin miners are rewarded for generating blocks, Aquarius liquidity miners will earn rewards in AQUA for their work to maintain liquidity.
Most AQUAs are reserved as rewards for market makers and liquidity providers. According to the distribution details, it is planned to distribute up to 20% of the total issue among XLM holders. The giveaway will help project developers to strengthen the decentralization of decisions made within Aquarius.
To participate in the giveaway, candidates must have at least 500 XLM (~ $ 145) in their balance to receive at least 1 AQUA. The unallocated tokens will go to the reserve of the Decentralized Organization (DAO) for project management. The distribution itself will last three years and will begin no later than February 2022. The distribution of AQUA is supported by all major Stellar wallets, but whether the distribution will be available among clients of exchange wallets depends on the trading platforms themselves, the project emphasized. More details on the giveaway are available on the Aquarius developer blog.
XLM’s price did not react strongly to the claims of the Aquarius developers. At the time of this writing, the cryptocurrency is trading up 1.6% at $ 0.29. The market cap is just over $ 7 billion, according to Nomics. Read about why Stellar needed to distribute 12 million XLM in the material of the BeInCrypto editorial staff.
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