Avail Network And The Unification Of Web3 Through The $AVAIL Token

3 months ago

Who said that 2024 will be the airdrop season was right! It was time for top drops for crypto OGs, and even more to follow. Plenty of action on Solana, perpetual rewards for $TIA stakers, and the long wait for zkSync and LayerZero!

It's raining crypto but not every gift is valuable! Some airdrops were good, some decent ... and some laughable! I hoped that AVAIL will be one of the better airdrops, and my DYOR was right!

The project had a cool vision, and wants to accelerate the unification of web3 by using cutting edge modular technology stack that combines data availability, aggregation, and shared security.

Avail airdropped 600,000,000 $AVAIL tokens to various rollup users, community members, developers, stakers, and more. The blockchain ecosystem developers, testnet contributors, rollup users, polygon PoS stakers, and significant community contributors were also eligible for the airdrop. I have good vibes regarding this one, specially when my share will be 5,297 tokens!

After a long wait… $AVAIL was finally launched! I received my airdrop allocation straight into the Subwallet, no claim needed! The $AVAIL price on launch was close to $0.18, but it dropped when paper hands dumped their tokens.

I decided to keep most of the 5,297 $AVAIL I received, even if the amount was quite juicy. If I had cashed out the whole amount, I would have added $796 in my stablecoin portfolio. But I am a degen and I love long-term games!

I sent 290 $AVAIL to Kucoin just to make sure I got some rewards in case the price would crash further. It took 12 hours to arrive on Kucoin, but on the positive aspect of the delay… the price went from 0.12 to 0.23 USD!

I sold 290 AVAIL close to All-Time High and got 65 USDT in exchange. It’s not much but it’s honest work! It was a bit of a safety net, and some free money!

I staked the remaining 5000 $AVAIL in two batches, 1000 for quick farm and withdrawal and the rest for long term. The initial APR was 5425% so staking early had some perks.

Why I’ve done two batches? Because once stacked the funds are locked and unstaking takes 28 days! The staking rewards were added every 24 hours, with a manual claiming process!

The thousand AVAIL farmed 10 tokens in the first day and not much after, as the APR dropped below 100% overnight. Claimed the rewards and unstaked them, hoping for little volatility in the next 28 days.

The initial value of the airdrop was close to $800, and the current value plus what I’ve sold on Kucoin is about the same! HODL mode was not a bad decision, with more $AVAIL being farmed as I am writing this post!

The main batch of 4000 AVAIL kept farming, and the APR stabilized at 24% after the first week. The rewards are adding up, and the bounty after the first week reached 57.93 $AVAIL! That’s nearly $8 worth of free crypto, obtained with a bag of … free crypto!