The Mey Network (MEY) airdrop is live now. The airdrop dates extend from September 6 to September 21, 2024. 100,000 $MEY tokens worth $2,200 will be distributed to 100 lucky participants and 30 top referrers. This is an amazing opportunity to get hold of the $MEY tokens, which have the potential to emerge as profitable investments in the coming years.
What is Mey Network?
Mey Network is a special blockchain network created to integrate physical assets and digital assets in a single place. Meychain is the layer 1 blockchain that powers the integration of real-world assets (RWAs).
The network also has a decentralized finance platform called MeyFi that fulfils the tokenization, trading, and asset management processes with utmost security and scalability.
Three building blocks of the Mey Network that help it maintain its integrity are
Meychain
Meychain is the layer 1 blockchain of the Mey Netiwrk that helps its users tokenize real-world assets (RWAs).
MeyFi
MeyFi is the native decentralized finance (DeFi) platform of the Mey Network that enables the staking, lending, and trading of tokenized assets.
Meycoin ($MEY)
$MEY is the native cryptocurrency of the Mey Network. The holders of these tokens can conduct various transactions across the Mey Network, take part in the governance of the platform, and gain rewards for their active engagement with the network.
How Does Mey Network Work?
The working of the network can be illustrated in three steps.
Tokenizing Real-World Assets
The primary function of the Mey Network is to convert real-world assets such as real estate, government bonds, or carbon credits into digital assets that can be represented on a blockchain.
Engaging in Decentralised Finance
You are given the chance to engage in various DeFi activities such as staking, P2P lending, and trading using tokenized assets.
Earning and Utilizing Meycoins
You can engage in the day-to-day activities of the Mey Network such as validating transactions to earn $MEY tokens as rewards.
How to Join Mey Network Airdrop?
Here are the various steps to join the Mey Network airdrop event.
- Visit the airdrop page of the Mey Network to participate in the airdrop.
- Complete the social tasks listed on the airdrops page of Mey Network to gain points. You will get 10 points for completing each social task. The tasks are given below.
- Join @Mey_Network on Telegram
- Join @MeyNetwork on Telegram
- Follow @Mey_Network on X
- Repost @Mey_Network on X
- Repost @MeyNetwork on X
- Visit Mey Network’s official YouTube channel
- Visit the official website of Mey Network
- Visit the Mey Network’s fan page on Facebook
- Submit the wallet address of your Base wallet account.
- Refer your friends to the Mey Network so that you earn extra points for each referral.
You should complete these social tasks before 7 AM UTC on September 21, 2024, i.e., before the conclusion of the airdrop event. The tokens will be distributed to you as per your eligibility at 7 AM UTC on September 21, 2024, soon after the airdrop event concludes.
The pattern of distribution of the Mey tokens is as follows.
Total Reward: $2,200 worth of 100,000 Mey Token
Total Winners: 130
Top 1: 10000 $MEY ($220)
Top 2-5: 5000 $MEY ($110)
Top 6-10: 3000 $MEY ($66)
Top 11-30: 1500 $MEY ($33)
100 Lucky Winners: 250 $MEY for completing all tasks.
What are the Pros and Cons of Mey Network Airdrops?
Before you decide on whether to invest in crypto airdrops such as the one by Mey Network, it is important to understand the general pros and cons of airdrops.
The advantages of participating in the Mey Network airdrop are given below.
- Airdrop gives you a stake in the early development efforts of the Mey Network.
- It gives you a hands-on experience to learn about the various use cases of MEY tokens.
- You can get access to a certain number of MEY tokens, which would be difficult to attain in the open market.
Keep reading to learn about the potential disadvantages of the Mey Network airdrop.
- Airdrop can pose security threats if you are not careful about the website to which you are connecting your wallet.
- Make sure that you are not investing in a pump-and-dump scheme.
- Make sure that the tokens have enough liquidity on the exchanges so that your future endeavours are done smoothly.
Conclusion
Mey Network airdrop is a good opportunity to secure your hold of the MEY tokens. However, make sure to take all safety precautions and act wisely to avoid any kinds of complications or undesired outcomes.
