We are notice the Stop of the monthly airdrop event.
The Stop of the monthly airdrop event is an official request from the ETHV Foundation,
and for any inquiries, please contact the ETHV Foundation.
｜ ETHV Contact
In regarding airdrop event, Coineal does not have any ownership nor responsibility for the business logic nor its distribution amount/ method. Coineal is only acting as a distribution channel for ETHV airdrop. All financial or legal liabilities shall be discussed with ETHV Official Team.
The following is the official announcement of the ETHV Foundation.
-The ETHV will temporarily suspend monthly airdrops and special airdrops that are currently running at Coineal Exchange.
The reasons for the suspension are as follows:
1. ETHV's own DeFi platform development completion and launching
The ETHV's own DeFi platform development has completed. ETHV will provide dividend by staking ETHV or launching DEFI products in the future.
Accordingly, ETHV will reduce excessive airdrop payments and maximize the profits that can be obtained within the DeFi platform.
2. Prevent duplicate payment
Currently, airdrops are provided in the form of dividend based on the amount of ETHV.
After analyzing the airdrop amount, ETHV has found that the rate of the people who are receiving the weekly airdrop and the monthly airdrop are increasing.
Since the intention of the airdrop was to encourage more people to enter ETHV network, we are trying to change the current airdrop structure to make a stable ETHV platform environment
3. Market protection
In the past month, there was a suspected malicious market disruption by some large ETHV holders, which led to the sudden drop of ETHV market price. Those who are eligible for the monthly airdrop in September are included in this market price drop. ETHV has noticed that when airdrops are paid to the ones who caused the price drop, ETHV price is expected to drop further.
Therefore, ETHV will protect the market by suspending the airdrop in Coineal Exchange.