EOS is up more than 4% at time of writing, with 26 days and counting until the platform’s mainnet launch.
The big spike comes on the heels of an announcement of a new airdrop to the EOS community. EOS announced two airdrops of the Evolution token – with the first happening May 10th.
Evolution is a fork of EOS that’s centered on equality and fair token distribution. Its goal is to prevent entities with large ownership stakes – such as exchanges – from abusing their power and using massive shared exchange wallets to manipulate their voting power to control and profit on the blockchain.
To receive the airdrop, you’ll need to have your EOS coins registered through EOS.io and stored on an Ethereum compatible wallet. EOS warns against using exchange wallets to make sure you receive your share:
“If you have at least 25 EOS Tokens in an EOS Registered wallet for which you control the private key (for example a Hardware Wallet, MyEtherWallet, Metamask, etc) then you will automatically receive your Evolution Tokens, there is nothing else you need to do. DO NOT use an exchange wallet.”
Evolution will have a total supply of 5 billion tokens of which 4.5 billion will be airdropped over the coming months.