Cardano: Apex Fusion launches the reputation-based airdrop REPDROP

Apex Fusion has announced the launch of REPDROP, the first reputation-based token airdrop on Cardano. 

The cAp3x token, the native asset of Apex Fusion on the Cardano mainnet, rewards true contributors and supporters of the ecosystem. 

Cardano and the launch of Apex’s REDROP to reward ecosystem contributors

Apex Fusion, the blockchain ecosystem that unites UTxO and EVM networks, has announced the launch of the first REPDROP (Reputation System Drop) involving Cardano. 

Specifically, REPDROP will distribute cAp3x tokens, the native asset of Apex Fusion on the Cardano mainnet, and will reward the true contributors and supporters of the Apex ecosystem.

“Forget the airdrops. It’s time for the Repdrop. The first Reputation System Drop of Apex Fusion, a program that rewards contribution and the people who help shape the network. Based on concrete evidence. Driven by a precise purpose. Full reveal this week.”

In practice, REPDROP marks the completion of Apex Fusion’s initial roadmap and the beginning of a new phase of community participation and ecosystem growth. 

Compared to traditional airdrops that essentially reward speculation, here REDROP instead wants to distribute the tokens based on its reputation on Cardano. A way to measure community engagement in a verified manner. 

Among the main objectives listed, Apex Fusion aims to bridge the liquidity gap between Cardano and EVM through the Skyline Bridge and to connect the omnichain to over 150 networks via LayerZero integration. Not only that, the ecosystem aims to complete instant finalization performance through the VECTOR chain, built on Cardano technology. 

Cardano and Apex Fusion: how does the REDROP work?

As anticipated, REPDROP will distribute cAp3x tokens, the native asset of Apex Fusion on the Cardano mainnet.

Users holding cAp3x will be able to transfer the token to the PRIME mainnet using Skyline Bridge. 

Once transferred, the tokens can be staked in one of the 250 community stake pools, earning up to 10% APR in rewards while simultaneously supporting the decentralization of the network.

To participate in the REPDROP, users are required to complete actions such as requesting TG Mini App points in the Reputation System (final phase of migration), and completing the wallet setup missions.

The allocation of tokens is based on the contribution rank, while users will be able to claim the tokens through the partner distributor DripDropz on the Cardano mainnet. 

ADA in freefall

As Apex Fusion prepares to launch its REDROP, Cardano’s (ADA) crypto is not experiencing a good moment. 

In fact, the price of ADA is in a strong decline like the major cryptos. In its specific case, ADA is experiencing a price dump of -18% compared to seven days ago and -22% compared to 30 days ago. 

At the time of writing, ADA is valued at $0.67. 

Recently, a reason was sought for such a price drop for ADA, but overall the result shows the absence of significant negative news. Moreover, for Cardano there seems to be only the presence of various positive news, related to increased adoption of its mainnet.