Key Points:

• Exactly Protocol launches EXA token airdrop for active users on OP Mainnet.
• Airdrop includes a linear 4-month unlocking period, facilitated by Sablier.
• Exactly Protocol secures $2 million in financing led by industry leaders.

In an effort to advance its path towards decentralization, Exactly Protocol made headlines last Tuesday with the launch of the EXA token on OP Mainnet, serving as the official governance token for the Exactly DAO.

Today marks a significant milestone as the Exactly Protocol announces the commencement of the EXA token airdrop, a move aimed at fostering community engagement, increasing awareness, and driving protocol adoption.

The airdrop, accounting for 1% of the total token supply, which stands at 10,000,000 EXA, is exclusively available to Exactly Protocol users who have actively utilized the protocol on OP Mainnet since the inception of the OP token rewards program in April. Eligibility for the airdrop is determined based on the proportion of OP rewards distributed through the Rewards Controller by July 18th, 2023, 19:00 UTC. Even users who have been allocated OP rewards but haven’t claimed them will be eligible for this exciting opportunity.

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The airdrop distribution process has been thoughtfully designed to ensure a steady and controlled supply of EXA tokens. Users can claim their portion of the airdrop on July 25, 2023, at 4 pm UTC, and then will witness a gradual linear unlocking period of four months. This approach will be facilitated by Sablier, ensuring a seamless and secure stream of tokens over time. As a result, users will have access to their EXA tokens in intervals, allowing for responsible and measured utilization within the community.

The distribution plan for the EXA tokens encompasses the allocation of 4.5 million EXA to the community, 4.5 million EXA to the team, advisors, and investors, and the remaining 1 million EXA tokens will find their way to the DAO treasury, bolstering the governance infrastructure.

For users curious about their eligibility for the EXA airdrop, Exactly Protocol provides a convenient link to check the status. A JSON file contains all the recipient addresses along with the corresponding amount of EXA tokens for each account. It is important to note that the amounts in the JSON file are defined with 18 decimals, which means that even a seemingly small value like 123 holds significance, representing 0.000000000000000123 EXA tokens.

The Exactly Protocol’s move towards decentralization has been met with substantial support, as evidenced by the $2 million financing it recently secured. The investment round was co-led by prominent industry figures, including Synthetix founder Kain Warwick, Daedalus, and Decentraland co-founder Esteban Ordano. Additionally, Bodhi Ventures, Newtopia, NXTP Ventures, Kaszek Ventures, and several others actively participated in this momentous funding event.

With the EXA token airdrop now in motion, Exactly Protocol is not only embracing decentralization but also reinforcing community participation and empowerment in shaping the future of the platform through governance-driven decisions. As users claim their tokens and unlock them gradually, the Exactly DAO is bound to witness increased engagement, sparking an era of growth and innovation in the DeFi space.