HAI Stablecoin Protocol to Conduct KITE Token Airdrop on February 12
Date: 2024-02-07 Author: Dima Zakharov Categories: BLOCKCHAIN
HAI Protocol Airdrop Announcement
The decentralized stablecoin protocol, HAI, is gearing up for a major event as it prepares to distribute its governance token, KITE, through an airdrop scheduled for February 12. This move comes ahead of the main network launch of HAI on Optimism, slated for February 20.
Qualification and Distribution
According to project founder Amin Suleiman, the distribution will involve allocating 22.3% of the KITE governance tokens among 18,034 qualified wallets. Qualified users include those who have interacted with the HAI test network through the Reflexer protocol and Optimism users holding more than $50 worth of OP and having voted at least once.
HAI's Unique Features
HAI distinguishes itself by being anchored to various decentralized crypto assets rather than fiat currency. As a fork of RAI, an Ethereum-based stablecoin, HAI operates on the Reflexer Finance protocol. The launch on Optimism promises users the reliability of RAI while enjoying the speed, scalability, and user-friendliness of the Optimism platform.
Future Prospects
With the launch of HAI, a new era of truly decentralized stablecoins emerges. Its controlled peg mechanism aims to create a next-generation decentralized currency resilient to economic shifts and human errors. Moreover, HAI functions not just as a stablecoin protocol but also as a credit platform and DAO, empowering KITE holders to influence collateral inclusion, adjust protocol parameters, and participate in auctions.
