Cetus DEX recently announced a new token distribution plan for xCETUS holders. Eligible customers can grab a BLUE allocation in the new initiative.
BLUE is the native token of Bluefin’s decentralized finance platform. The move will reward active users while integrating Cetus within the Bluefin ecosystem. The development follows a recent snapshot of every xCETUS holder in early November.
Great news for #Cetus community 🎁👇
🥂 @bluefinapp just distributed a portion of their airdrop based on snapshot taken early Nov for xCETUS users. Eligible xCETUS holders will receive an allocation for the upcoming launch of Bluefin’s native token, BLUE!
Check your allocation… https://t.co/YDSaB3a2q2
— Cetus🐳 (@CetusProtocol) November 29, 2024
The screenshot is serving as the basis for the upcoming distribution. Cetus is using the snapshot to verify eligible users who will get a share of the BLUE tokens. Bluefin also revealed plans to distribute 17% of its total BLUE token supply during the event.
The allocation is part of Cetus’ strategy to strengthen its connection with the DeFi ecosystem. It will also reward loyal customers for contributing to its growth. Cetus is incentivizing holders to hold and utilize xCETUS by providing BLUE tokens.
At the same time, the DEX and liquidity protocol will introduce users to BLUE, expanding its reach. The BLUE token is also expected to play a major role in governance in the Bluefin ecosystem, allowing users to partake in decision-making procedures.
The processes involve important decisions, such as project development and protocol upgrades. By earning BLUE, users can also win a stake in Bluefin’s future, which adds value to their Cetus engagement.
Bluefin will conduct the airdrop in the coming weeks, and users can inquire about it on a platform-set portal. Users can access the portal to track their eligibility status and ensure they are a part of the process.
The strategic collaboration between Bluefin and Cetus shows the trend of ongoing partnerships within the DeFi domain. Platforms are joining hands to expand their portfolio and boost user engagement.
The upcoming token allocation event will also yield new opportunities for Bluefin and Cetus communities. It will incentivize current users while attracting new ones.
