Form Network Airdrop Eligibility, Rewards, and How to Claim Your $FORM Tokens

Form Network, an Ethereum Layer 2 (L2) blockchain, has announced its multi-phase airdrop campaign to distribute its native $FORM tokens. This initiative aims to reward early supporters and active participants within the Form ecosystem, marking a significant step toward decentralization and community engagement.

• Form Network has designated over 50% of its total $FORM token supply for airdrops, with at least 8% reserved for participants in the Meditations staking program.

• Users can accumulate Form Points by staking supported tokens such as ETH, Liquid Staking Tokens (LSTs), and Liquid Reward Tokens (LRTs) on the Form Network platform.

• Participants can enhance their Form Points by inviting others, earning an additional 15% of the points generated by their referrals.

• Minting Form ETH (FETH) by staking ETH, LSTs, and LRTs, and subsequently staking FETH on the Form platform, allows users to earn triple the Form Points.

• Assets staked in the Meditations program can be withdrawn at any time, providing flexibility for participants. 

Form Network is a high-speed, low-cost Ethereum Layer 2 (L2) blockchain designed to advance the SocialFi ecosystem. By leveraging the OP Stack and integrating Celestia's modular data availability layer, Form ensures efficient transaction processing and scalability. 

This architecture enables seamless integration of SocialFi applications, allowing online communities to aggregate value and utility across decentralized finance (DeFi), SocialFi, and other decentralized applications (dApps). 

Form's mission is to bring 50 million users to SocialFi by 2030, providing a scalable and interoperable platform for decentralized social finance applications. 

The airdrop is structured to distribute $FORM tokens to various contributors, including:

• Meditations Phase I Participants: Users who staked assets such as ETH, stablecoins, Liquid Staking Tokens (LSTs), and Liquid Reward Tokens (LRTs) during the pre-launch deposit campaign.

• Friend.tech Users: Active members of the Friend.tech platform.

• Arena (formerly Stars Arena) Users: Participants of the Arena platform.

• Virtuals Users: Engaged users of the Virtuals platform.

• Roll App Users: Creators and users active on the Roll platform.

• Lil Pudgys Holders: Owners of Lil Pudgys NFTs.

Eligible participants can verify their allocation by connecting their wallets on the Form Airdrop Checker.

Read more: What Is Staked Ether (stETH) and How Does It Work?

Form Season Zero airdrop allocations | Source: Form Network blog

Eligibility for the $FORM airdrop spans multiple phases:

• Phase I: Rewards early participants, including those involved in Meditations Phase I, Friend.tech users, Arena users, Virtuals users, Roll app users, and Lil Pudgys holders.

• Phase II: Focuses on incentivizing active participation on the Form Mainnet. Users can earn Form Points by:

• Bridging Assets: Migrating assets like ETH and USDC to the Form Mainnet.

• Engaging with SocialFi Applications: Utilizing apps like Roll Fun and Curves to create and trade tokens.

• Participating in DeFi Activities: Trading and providing liquidity on decentralized exchanges like Fibonacci.

• Minting Form ETH (FETH): Using platforms like Nucleus to mint FETH.

• Referral Program: Inviting others to join and earning bonus points.

Detailed information on earning Form Points is available on the Meditations Dashboard.

How to Claim $FORM Airdrop

To claim your $FORM tokens:

1. Check Your Allocation: Visit the Form Airdrop Checker and connect your wallet to verify your allocation.

2. Claim Your Tokens: Once the token generation event (TGE) is announced, follow the instructions provided on the airdrop portal to claim your $FORM tokens. Ensure your wallet is connected to the Ethereum network during this process.

Stay updated with Form Network's official announcements for precise dates and detailed claiming procedures.

The native token of Form Network, $FORM, serves multiple purposes within the ecosystem, including governance, staking, and transaction fees.

• Governance: $FORM token holders have the right to participate in the decision-making process regarding protocol upgrades, changes, and the overall direction of the network.

• Staking and Network Security: Users can stake $FORM tokens to support network operations, contributing to the security and stability of the blockchain. In return, stakers may receive rewards, fostering active participation and commitment to the network's health.

• Transaction Fees: $FORM tokens are utilized to pay for transaction fees within the network, facilitating various operations and interactions with dApps on the Form Network.

FORM Token Distribution

FORM token allocation | Source: Form.network

The total supply of $FORM tokens is 5,000,000,000, distributed as follows:

• Foundation Treasury: 29% (1,450,000,000 $FORM) allocated to support the long-term development and sustainability of the network.

• Core Contributors: 15.5% (775,000,000 $FORM) designated for the team and individuals who have played a pivotal role in building and launching the Form Network.

• Ecosystem & Development: 38% (1,900,000,000 $FORM) reserved to foster growth, incentivize developers, and support projects that build on the Form Network.

• Investors: 17.5% (875,000,000 $FORM) allocated to early backers and investors who have provided essential funding and support.

This structured allocation ensures a balanced distribution of tokens, promoting network security, rewarding contributors, and encouraging ecosystem expansion. 

Form Network has an ambitious roadmap designed to drive adoption and expand its ecosystem:

• Mainnet Launch: Form's mainnet is now live, enabling full functionality for its ecosystem, including staking, governance, and asset tokenization.

• Ecosystem Growth Initiatives:

• Protocol Expansion: Partnering with existing DeFi platforms to onboard new decentralized applications and integrate more assets.

• Developer Grants and Incentives: Introducing funding programs to encourage developers to build innovative applications and tools within the Form ecosystem.

Form Network's long-term vision is to establish a unified global economy powered by blockchain, making it easier for users and assets to participate in the decentralized world.

Read more: What Is MegaETH, the Vitalik-Backed Ethereum Layer‑2 Blockchain?