Mezo Airdrop Deadline Extended: Last Chance to Get Rewards Before TGE

Mezo Airdrop 24-Hour Extension: 19K Red Envelopes Awaits Before TGE?

Highlights

• Mezo airdrop extends the deadline by 24 hours.

• Over 19,000 envelopes await activation through X posts.

• On-chain activity can increase Token allocation before MEZO TGE.

Why Did Deadline Extended for Mezo Token Airdrop?

The project has announced a 24-hour extension for its Red Envelopes crypto airdrop campaign, giving participants one last opportunity to expand their token allocation before the upcoming Token Generation Event (TGE).

The extension will enable users to unlock over 19,000 sealed and earn more of their $MEZO airdrop rewards in both social and on-chain interaction, as originally planned to be closed earlier. In the announcement, it is stated that to activate the envelopes.

Source:  Official X

What Are “Red Envelopes” in the Airdrop Campaign?

The idea is based on the traditions of the Lunar New Year, when the envelope is the symbol of a gift and good fortune. These are token distributions in the Mezo network airdrop campaign, which increase with user interaction.

The campaign will be based on the recipients of the Phase I airdrop date, who received on February 17. Users are required to share their envelopes on X to unlock it, and this exposes their initial reward level. After activation, the participants are able to keep on increasing their allocation by interacting with the ecosystem.

Source: X

How Can Users Maximize Their Mezo Network Rewards?

The platform outlines a four-step process for increasing allocations:

• Receive: Phase I participants received sealed Red Envelopes on February 17.

• Reveal: Users must share their envelope on X to unseal it and discover their starting reward level.

• Grow: Regular activity on the ecosystem helps increase envelope levels, leading to larger allocations.

• Gift: Users can invite friends by sending envelopes, and when invitees participate, both users benefit with higher allocations.

Each activated user can invite up to eight friends, creating a network-driven reward system.

What Onchain Activities Help Grow Mezo Token Price?

The participants can increase their envelope level by engaging with different features on the platform, such as:

• BTC Lock: Get a weekly BTC yield.

• Supply Liquidity: deposit assets in liquidity pools and get rewards.

• Vote on Gauges: Affect mechanisms of influence yield.

• Borrow: Mint MUSD with collateral assets.

• Trade: Trade with Swap.

• Vaults: Invest in yielding vault strategies.

These DeFi operations are the foundation of the Bitcoin-based financial ecosystem, which aims to enable its users to borrow, earn, and spend against BTC in a permissionless setting.

Mezo Token Phase II Campaign Timeline

The Phase II Red Envelope campaign follows a structured schedule:

• Feb 17: Sealed envelopes distributed.

• Feb 20: Gifting feature opened for invitations.

• Feb 24: Additional ways to grow envelope levels introduced.

• Final Window: 24-hour extension before TGE date and Crypto listings.

After the campaign ends, envelope levels will carry forward, influencing final allocations.

How Is the Mezo Tokenomics?

The total supply is 1 billion tokens, allocated as follows:

• Community - 40% (400M): Airdrops, ecosystem incentives, validator incentives.

• Investors & Partners - 30% (300M): Strategic and early investors.

• Team - 20% (200M): The protocol developers.

• Basis - 10% (100M): Ecosystem development, partnerships, and reserves.

Community and foundation allocations are unlocked on TGE, and team and investor tokens are vested on a 12-month cliff and 24-month linear schedule.

Source: Website

What's Next?

As thousands of envelopes are yet to be activated and users are rushing to get through the on-chain tasks, the last extension is a good indication of high engagement before the Mezo Token TGE.

Although users have also complained of temporary glitches on the sites when there is a high volume of traffic, the campaign shows an increase in interest in Bitcoin-based DeFi utility provided by the ecosystem. To the participants, the lengthened deadline may be the last chance to maximize their allocation prior to the token launch of the network.

Disclaimer: This is not financial advice. Please DYOR before investing. CoinGabbar is not responsible for any financial losses. Crypto assets are highly volatile, and you can lose your entire investment.