The ParaX Medal NFT airdrop initiative, previously detailed by ParaSpace, will include a total of 2,000 NFTs. The first 200 have been delivered to the first migrating accounts.
Another 1,000 NFTs will be dropped to the top 1,000 migrating accounts, as determined by their Total Value Locked (TVL) and Borrowing and Lending (BNPL) activity. An additional 800 NFTs will be allocated to users who migrate within the first week, on a first-come, first-served basis.
Created from the merger of ParaSpace and Parallel Finance, ParaX aims to become a comprehensive web3 super app, providing infrastructure to improve user experiences and drive mass adoption across various blockchain networks.
To show appreciation for users migrating to ParaX, the development team will introduce ParaX Medal NFTs, which provide additional benefits within the ParaX ecosystem, including points distribution.
The move to ParaX will introduce a dual scoring system, tracking user activity on both platforms. ParaX will include a new dashboard that monitors historical project activities and new assignments.
ParaSpace also unveiled the ParaX whitepaper, which highlights the foundations of the ecosystem. This includes account abstraction, meta-user interface, zkVM and cross-domain intent-based LLM, simplifying user interactions with Web3 applications through an automated, intelligent execution layer.
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