Evmos delays mainnet launch and collects another 20 million tokens airdrop

Evmos, the first IBC-compatible EVM chain on Cosmos, has delayed its mainnet launch. The launch originally scheduled for February 28 has been pushed back to 1:00 am March 3 (i.e. 18:00 on March 2 UTC).

To placate the Evmos community, which had been looking forward to the launch for months, the network increased the number of tokens distributed as part of its rektdrop.

According to a explain Officially by the Evmos team, the number of tokens dropped to the community has been increased by 20 million, bringing the total allocation for the “Rektdrop” to 100 million tokens.

With 20 million tokens already allocated to the community pool, a t]]]]]]]]]]]]]]]]]]]]]]]]otal of 60% of Genesis tokens will be distributed to the Evmos community. This makes Cosmos one of the most widely used and decentralized Layer 1 EVMs.

“Note that the initial offering of 200 million tokens will remain unchanged – the strategic fund allocation has been reduced to 40%. Rewarding an active community is by far the best way to allocate these funds,” the Cosmos team said today.

This move was widely praised by both the Cosmos community and the Cosmos ecosystem. Evmos Rektdrop is a first airdrop for its native EVMOS token, aiming to reward active participants in the Comos ecosystem. It’s also said to “compensate” users who joined the Ethereum and Cosmos ecosystems and ended up losing money — to high fees, carpet-pulling, and mining attacks that have occurred over the last year.

In addition to the generous rewards system, the wider Cosmos community celebrated the launch of Evmos as it will bring much-needed EVM compatibility to Cosmos. Once launched, all EVM-based tokens, NFTs and dApps can be connected to Cosmos.

This means that all EVM chains including Avalanche (AVAX), Fantom (FTM) and Harmony (ONE) can connect to the Cosmos ecosystem.

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