District One (D1) is a SocialFi platform. It helps crypto users stake their social interactions with a blockchain platform and earn cryptocurrencies. The D1 platform has developed D1 Meme Labs. Users can launch a new meme coin here and grow it through the social hype that the coin gets and through the various interactive games hosted on the platform.
Social Launch Of Meme Coins On D1 Meme Labs
Through the social launch feature of the D1 Meme labs, users can create and nurture new meme coins. The meme coins grow in popularity through community engagement and interactive money games. This makes the whole process fun and efficient at the same time.
Here are the details about the working of the D1 Meme labs.
- Creating a Meme Coin: The D1 Meme Labs provides innovative tools to help users create their meme coins and set other metrics such as supply, tokenomics, initial pricing, and the like.
- Social Hype with Invitation Reward: Users can increase the social hype for each coin through invitations. Social hype is important for the coin’s publicity efforts and for attracting potential buyers and investors to the coin. The coin
launchersgenerators can invite others to the launch event and earn rewards from the investments that the invitees make. - Enhanced Overflow Launch: The coins launched through the social launch platform have well-defined soft and hard caps. Soft caps are the minimum amount of capital that the meme coin launchers should raise to launch the coins. Hard caps are the maximum amount of capitalization that a coin can reach. After the hard cap is reached, new joiners will receive a reduced token allocation.
- Interactive Space with Money Games: There are special interactive money games on the D1 platform that the users can use as a means of facilitating interaction between the various participants. The community members can also chat with each other in real-time.
The D1 Meme Labs has also instituted many measures such as investment-based allocation, token distribution, invitation rewards, allocation of the liquidity pool to the designated decentralized exchange (DEX) burning of these tokens, and institution of proper protocol fees.
In-game Currencies
The D1 platform has four in-game currencies. They are explained in detail here.
- $OLE Tokens: The $OLE tokens help the coin creators share community ownership and incentives for protocol usage. You can buy $OLE tokens from exchanges like PancakeSwap, Gate, KuCoin, Sushiswap, and the like.
- D1 Gems Tokens: D1 Gems is the engagement currency of the D1 platform that rewards community engagement. Gems tokens can be used for various purposes. You can convert the gems tokens to $OLE tokens and increase your engagements to gain from the bi-weekly OLE airdrops that start in July 2024. Gems holders can gain from the redistribution of the Blast Gold tokens. Your Gems token holding will decide the amount of $OLE tokens you will earn in the upcoming airdrop event.
- sOLE Tokens: The staked OLE tokens help you boost your earnings by 100%, i.e., active participants can get maximum rewards. Your sOLE earnings determine your bi-weekly OLE airdrop and qualify for Blast Gold Redistribution and 50M OLE D1 Airdrop Season in 2024.
- Blast Gold: The Blast Gold tokens are distributed by the Blast team for the upliftment of the D1 platform. The D1 platform distributes all the Blat Gold tokens they have received to the various participants based on their level of engagement.
More About The Upcoming D1 Airdrop
Only the users who fulfill the following eligibility criteria become eligible for the upcoming D1 airdrop.
- Whitelisted tokens holders who hold certain ERC-20 tokens. The meme token generator finalizes the whitelist for each meme token based on the engagement level of the participants.
- The users who hold ERC-20 tokens should join the D1 network and verify their token holdings to get the airdrop.
If you are found eligible to receive the airdrop you should reserve your spot during the fair launch process. The reservation is limited and comes on a first come first serve basis.
Reservation is opened for the users through an invitation code that the meme generator sends out. When the airdrop tokens are launched the users can claim their reserved amount and start trading.
Also, Read: BLUM Airdrop: All You Need To Know
The Bottom Line: The Benefits Of D1 Airdrop
D1 is an innovative platform that provides an incubator space for various meme tokens. The upcoming airdrop is beneficial for you in many ways. The airdrop will help increase the visibility of the meme coins across the platform.
Free token offering in the form of airdrops serves as a boost for the engagement of the participants. Such active participation also fosters a sense of community, which helps in the overall development of the platform.