ParaSwap to launch PSP token with 7.5% airdrop to 20,000 early users
ParaSwap Foundation, a decentralized Decentralized exchange (DEX) aggregator provider, is ready to release its own token, the PSP, with a supply cap of 2 billion. The Foundation will release 7.5% of the total tokens in an airdrop to the first 20,000 early users.
ParaSwap airdrop
ParaSwap Foundation is ready for its retroactive airdrop, which Igor Igamberdiev first figured out on Twitter. The airdrop will feature the distribution of 7.5% of the network's token PSP, i.e., around 150 million PSPs. The token will launch on the Ethereum blockchain and will be responsible for the governance of the Foundation.A total of 21% of PSP tokens will be distributed with 7.5% to the airdrop followed by 6% for staking and the rest 7.5% for the DAO to distribute as it sees fit, said CoinDesk.
The Foundation took the snapshots for the airdrop on Oct 8, and all the eligible wallets will get free PSPs. As the airdrop is now underway, the gainers can stake their PSPs to take advantage of platform rewards. Holders can also take part in the governance of ParaSwaps' recent DAO or decentralized autonomous organization.
ParaSwap has refused tokenization and plans of an airdrop for many years. In an October tweet, the firm said that they are "not planning any airdrop." However, here we are, a month later, with the PSP token and the Foundation's first airdrop. The platform might've deemed reports of airdrop false due to Sybil attack concerns which airdrops are most vulnerable to.
PSP airdrop angered users
The crypto community on Twitter is pretty angry from the way ParaSwap conduced the airdrop. According to many users, they have used the platform a number of times and are yet not eligible for any rewards. Furthermore, users are also frustrated that the Foundation allowed only Ethereum chains to take part in the airdrop.However, the Foundation revealed on Twitter that "all chains are eligible."
"Folks, we're receiving unusual traffic, some eligible addresses are not able to claim. We're working on this as a top priority," said ParaSwap in a tweet.Twitter users commented on how ParaSwap "blew" their chance "for massive customer capture." It seems that airdrops are becoming less popular among holders as the recent BOBA airdrop led to a huge drop in OMG prices.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
