Hatom announced a groundbreaking initiative that will revolutionize the crypto space. The altcoin project will launch USH, the first native stablecoin on MultiversX. This development marks an important milestone for Hatom. Additionally, this will be accompanied by the USH airdrop program. Following this important news, the altcoin price made a strong move northward.
Good news came one after another, altcoin price jumped!
Hatom plans to launch the USH airdrop on November 27, along with HTM Booster and Accumulator. Thus, the altcoin aims to reward community members who actively participate in providing liquidity and HTM staking. Hatom will distribute a total of 500,000 USH (equivalent to $500,000) via airdrop. This stands as a testament to Hatom’s commitment to rewarding its user base.
At Hatom, our core commitment is unwavering: to consistently reward our most engaged users throughout our entire ecosystem. These are the users who believe in our process and vision, actively contributing to our growth and the achievement of one milestone after another. In… pic.twitter.com/mQ1ZmtC70X
— Hatom (@HatomProtocol) November 23, 2023
Following the news, the altcoin price made a jump. While HTM was trading at $2.42 during the day, it suddenly jumped to $2.97. Although the token lost altitude at press time, it continues to circulate at high levels. At the time of writing, HTM was changing hands at $2.82, up over 21% on a daily basis.
HTM daily price chart. Source: CoinMarketCapDetails and effects of Hatom’s airdrop
Meanwhile, the distribution timing is strategically aligned with the stablecoin launch and market stability. The altcoin project will provide a solid and mature market presence for USH before launching the airdrop. Eligibility for USH Airdrop depends on active positions in the lending protocol and HTM staked in the booster. Users need to deposit at least 20% of their total collateral value into HTM to unlock and qualify for the highest possible return within the incentive program.
The distribution of airdrop rewards will be proportional to users’ increased positions in the protocol. Additionally, Hatom will provide a fair allocation based on individual investment levels. It aims to prevent manipulation in reward distribution with random daily snapshots. However, it is possible that fluctuations in the value of the HTM against the collateral could impact eligibility. Therefore, the need for a slightly higher percentage stake may be required as a buffer against market volatility. To improve user experience and transparency, Hatom will offer a custom dashboard for USH Airdrop participants that provides easy access to snapshot statistics and ensures eligibility clarity.
Following the introduction of USH, it is possible for users to claim rewards with a 5% bonus in USH or HTM. According to experts, this is likely to contribute to increasing the altcoin price. As a matter of fact, with the impact of the news, HTM price increased by over 20%.
