TechFlow reported that Levana Protocol, a perpetual trading platform in the Cosmos ecosystem, announced on social media that its token LVN was minted last week on Osmosis. At launch, 7% of the total supply (70 million) of LVN tokens will be unlocked. Users must complete specific actions within the Levana ecosystem and register using the same wallet address on a designated website to qualify for the airdrop, ensuring fair distribution and filtering out bots.
The airdrop consists of three phases: 1) Family Airdrop, targeting early adopters including Levana NFT community members and users who traded Levana perpetual contracts on platforms such as Osmosis, Injective, and Sei; 2) Community Airdrop, expanding eligibility to other community members, including traders from Stargaze, Kujira, and Astroport; 3) Final Phase: focused on attracting new users from outside the Cosmos ecosystem. Specific details will be released later.
The Levana airdrop will distribute a total of 20 million tokens across three separate stages, with a significant portion—14 million tokens—allocated specifically to the first phase. Tokens will officially go live to the public on December 18, and the first phase of the airdrop is expected to begin around December 20. The entire three-phase airdrop process is anticipated to be completed within six months, although this timeline may be subject to changes or multiple updates.
