Infrastructure Layer Avail Announces 600M Token Airdrop to Unify Web3 Ecosystems
- Avail Airdrop Announcement: Avail has announced a significant airdrop of 600 million AVAIL tokens to its users, aiming to unify diverse blockchain communities and reward contributors from various ecosystems.
- Avail Infrastructure Overview: Established in 2020, Avail is a Web3 infrastructure layer developed using Polygon's software development kit, consisting of Nexus, Fusion, and DA segments for enhancing transactions, cross-chain bridging, and liquid staking of assets.
- Token Allocation Breakdown: The 600 million tokens for the airdrop will be distributed among rollup users (380 million), blockchain developers (90 million), Polygon stakers (70 million), testnet users (49.5 million), and community contributors (10.5 million).
- Inclusivity Across Ecosystems: The airdrop initiative is not limited to Avail or Polygon users but aims to unify Web3 by including contributions from various blockchain ecosystems like Bitcoin, Ethereum, Solana, Cosmos, Avalanche, Near, and others.
- Role of AVAIL Token: The AVAIL token is essential for accessing Avail DA services, staking for security, participating in governance, and will be distributed to 354,605 wallet addresses once the mainnet is launched.
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Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN) As of , TokenFi (TOKEN) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000693 | 0.00175 | 0.00257 | 0.00363 | 0.00446 | 0.00551 | 0.00634 |
| Fibonacci | 0.00175 | 0.00247 | 0.00291 | 0.00363 | 0.00435 | 0.0048 | 0.00551 |
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