Posted 11/20/2023, 3:34:00 PM
Pyth Network Airdrops $500M in PYTH Tokens to 90,000 Wallets for On-Chain Governance
- Pyth Network issues airdrop of PYTH tokens to 90,000 wallets, with a total market cap around $500M
- PYTH tokens will be used for on-chain governance votes on the Pyth Network
- 255M tokens allocated for airdrop, with remaining 85% of supply locked for 6-42 months
- Pyth is the 4th largest pricing oracle with $1.5B in total value secured
- Pyth gathers pricing data from exchanges and traders before sending to smart contracts