Mezo announces the first phase of airdrop allocation, distributing approximately 19.82 million tokens to over 11,000 addresses.
Foresight News reported that the Bitcoin financial network Mezo announced on Twitter that the first phase of its token distribution plan is now live. The community airdrop accounts for 5% of the total supply, with the first phase representing approximately 2%, distributing a total of 19,824,782 MEZO tokens. Among more than 100,000 registered users, 11,845 addresses met the minimum claim threshold of 60 MEZO, and 13% of these addresses chose to lock their tokens as veMEZO. Details of the second phase will be announced in the coming weeks, and users who did not participate in the first phase registration will still have the opportunity to qualify through subsequent registrations.
The allocation weight in the first phase focuses on sustained on-chain activities such as cross-chain transfers to the mainnet, asset swaps, lending, providing liquidity, participating in vaults, and veBTC-related activities. Allocation points (mats) are divided into two seasons: the first season (March 2024 to May 2025) has an exchange rate of 1 MEZO = 679.9 mats; the second season (May 2025 to January 2026) has an exchange rate of 1 MEZO = 36.78 mats. Addresses participating in both seasons can receive a 25% base allocation bonus.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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