ParaSpace Launched Exciting ParaX Medal NFT Airdrop Campaign Amidst Merger Milestone
Key Points:
- 200 ParaX Medal NFTs will be distributed to early migrators as part of ParaSpace’s massive NFT airdrop, with a total of 2,000 planned.
- ParaX is a web3 super app that combines ParaSpace and Parallel Finance to improve user experiences and encourage blockchain adoption.
- ParaX simplifies user Web3 interactions by introducing a dual scoring system and a whitepaper outlining plans for an intelligent execution layer.
On September 9, the NFT lending protocol ParaSpace announced that the first 200 ParaX Medal NFTs would be distributed as part of its transition to ParaX. The beginning of a significant NFT airdrop campaign can be attributed to this.
The ParaX Decoration NFT airdrop drive, recently illustrated by ParaSpace, will incorporate a sum of 2,000 NFTs. The first 200 have been sent to the first accounts that are migrating.
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The top 1,000 migrating accounts, as determined by their Total Value Locked (TVL) and Borrowing and Lending (BNPL) activity, will receive an additional 1,000 NFTs via airdrop. An extra 800 NFTs will be dispensed to clients moving inside the principal week, on a first-come, first-served premise.
The goal of ParaX, which grew out of the merger of Parallel Finance and ParaSpace, is to become a complete web3 super app that provides infrastructure to improve user experiences and encourage widespread adoption across a variety of blockchain networks.
The development team will offer ParaX Medal NFTs, which include point distribution and additional benefits within the ParaX ecosystem, as a gesture of appreciation to users who have switched to ParaX.
A dual-scoring system that monitors user activity on both platforms will be implemented during the transition to ParaX. A new dashboard for ParaX will allow users to keep track of both recent and previous engagements and project activity.
In addition, ParaSpace has released the ParaX whitepaper, which focuses on the foundation of the ecosystem. This includes account abstraction, the meta user interface, zkVM, and cross-domain intent-based LLM. An automated, intelligent execution layer makes it easier for users to interact with Web3 applications.
