Evmos delays mainnet launch, increases token allocation for upcoming rektdrop

Evmos, the archetypal IBC-compatible EVM-based concatenation connected Cosmos, has delayed the motorboat of its mainnet. Scheduled for February 28th, the motorboat was moved to Wednesday, March 2nd, and volition instrumentality spot astatine 6 PM UTC.

To appease the Evmos community, which has been anticipating the motorboat for months, the web has accrued the fig of tokens that volition beryllium distributed arsenic portion of its rektdrop.

Evmos is going unrecorded connected Wednesday with much tokens for the community

1/ Hello Evmosians, it is with a dense bosom that we denote that we volition request an further mates of days to warrant a creaseless motorboat for the network.

As such, we person made the hard determination to hold motorboat until Wednesday, 6 p.m. UTC / 10 americium PST.

— Evmos (@EvmosOrg) February 28, 2022

According to an authoritative connection from the Evmos team, the fig of tokens being airdropped to the assemblage volition beryllium accrued by an further 20 cardinal tokens, bringing the full allocation to its “rektdrop” to 100 cardinal tokens.

With 20 cardinal tokens already allocated to the assemblage pool, a full of 60% of genesis tokens volition beryllium distributed to the Evmos community. This makes Evmos 1 of the astir wide distributed and decentralized Layer-1 EVMs.

“Note that the genesis proviso of 200 cardinal tokens volition not change—the allocation towards the strategical money has been decreased to 40%,” the Evmos squad said earlier today. “Rewarding a proactive assemblage is the champion mode to allocate these funds astatine the extremity of the day.”

The determination was wide celebrated some by the Evmos assemblage and the wider Cosmos ecosystem. Evmos’ rektdrop is simply a genesis airdrop for its autochthonal EVMOS token, aimed to reward progressive participants of the Comos ecosystem. It was besides designed to springiness “reparations” to users that participated successful the Ethereum and Cosmos ecosystem and ended up losing money—through precocious fees, rug pulls, and exploits that happened passim past year.

Aside from its generous reward system, the wider Cosmos assemblage has celebrated the motorboat of Evmos arsenic it was acceptable to bring much-needed EVM compatibility to Cosmos. When launched, it volition alteration each EVM-based tokens, NFTs, and dApps to beryllium bridged to Cosmos.

This means that each EVM chains, including Avalanche (AVAX), Fantom (FTM), and Harmony (ONE), volition beryllium capable to connect to the Cosmos ecosystem.