logo
  • menu
  • Markets
  • ETFs
  • Live
  • Spot
  • Futures
  • Bots
  • Learn
  • Sign In
  • Sign Up
  • Downloads
  • English
  • |
  • USD
  • |
Sign Up
Crypto PricesLearnLatest NewsDownloadsMarketsSpotAnnouncements
Home/
Latest News/
Industry

Despite headwinds, community-driven crypto projects are thriving

By Cornell Rachel
Feb 10, 2025
4.5 
★
★
★
★
★
★
★
★
★
★
 290 User Rating
Share

The much-anticipated launch and airdrop of Arbitrum’s native governance token, ARB, took place on March 23, creating a buzz around the Layer 2 protocol as hundreds of thousands of eligible users and DAOs attempted to claim the token. As Cointelegraph reported, the overwhelming user demand caused the airdrop claim page to crash shortly after launch, displaying 404 and 429 errors for more than an hour.

Since Arbitrum is one of the largest tokenless blockchain projects, the hype surrounding its fall was to be expected. Still, it demonstrates how community-driven projects in the field can thrive despite competition, technical challenges, market downturn, and regulatory uncertainty.

Arbitrum isn't the first and certainly won't be the last project to mobilize a massive audience. In February, the token distribution of layer 1 protocol Core DAO followed a similar participation recipe, airdropping 1.2 million tokens to individual users. Even before the mainnet launch, the project, founded in 2021, has over 1.6 million Twitter followers and over 215,000 Discord members.

“Community ownership and inclusion has been a major goal since the beginning,” Core DAO contributor Brendon Sedo told Cointelegraph. "Transparency is another key for our community. Too many projects are holding back their progress and development. We have made publishing information on various platforms a priority." Core’s blockchain runs on a combined Proof-of-Work and Delegated Proof-of-Stake consensus mechanism called Satoshi Plus. Its airdrop was conducted in partnership with Satoshi App, an app that allows users to “mine” in-app rewards without payment or exclusive invitations. According to Core, the app is critical to helping get tokens into the hands of real users of the network, with 25% of the token supply earmarked for partnerships.

Community engagement is also key for Web3 games and Metaverse platforms. The virtual world Aftermath Islands Metaverse is on track to hit 4 million resource pack NFTs generated in just 140 days after releasing its first earning game, adding its last 1 million users in just 15 days, the company said.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

Related News

  • Stablecoin Secondary Market Rules Pit Banks Against Crypto

    Stablecoin Secondary Market Rules Pit Banks Against Crypto

    The Bank Policy Institute and The Clearing House want anti-money laundering rules to cover secondary market activity.
    Martha Grizzard
    Jun 12, 2026
  • TRC20-USDT Circulation Soars to 89.3 Billion Record on TRON

    TRC20-USDT Circulation Soars to 89.3 Billion Record on TRON

    The circulation of TRC20-USDT has officially ascended to a historic peak of 89.3 billion tokens, fundamentally expanding the liquidity threshold of the decentralized financial landscape.
    Hallie Gill
    May 12, 2026
  • 21Shares Debuts First Canton Network ETF (TCAN) on Nasdaq

    21Shares Debuts First Canton Network ETF (TCAN) on Nasdaq

    The TCAN ETF provides the first U.S.-listed gateway to Canton Coin (CC), the native utility token of the Canton Network.
    Martha Grizzard
    May 8, 2026

Latest News

Industry

Cryptocurrency

Airdrop

Markets

  • New SEC Crypto Rule to Cut Red Tape for Startup Fundraising

    New SEC Crypto Rule to Cut Red Tape for Startup Fundraising

    The U.S. Securities and Exchange Commission plans to introduce a major regulatory framework this month to simplify capital formation and reduce operational hurdles for cryptocurrency businesses.
    Martha Grizzard
    Jul 8, 2026
  • White House Admits Federal Bitcoin Fund is Still Delayed

    White House Admits Federal Bitcoin Fund is Still Delayed

    The establishment of the Strategic Bitcoin Reserve has run into severe internal friction regarding which cabinet-level agency holds authority over the asset.
    Martha Grizzard
    Jul 7, 2026
  • Senate Test for Clarity Act Could Spark Crypto Market Volatility

    Senate Test for Clarity Act Could Spark Crypto Market Volatility

    As the U.S. Senate approaches a critical vote on the Digital Asset Market Clarity Act, investment bank Jefferies has cautioned investors that the legislative process will likely trigger heightened volatility across crypto markets.
    Jerry McNeill
    Jul 1, 2026
  • SBI’s $289M Bitbank Deal Signals Japan Crypto Consolidation

    SBI’s $289M Bitbank Deal Signals Japan Crypto Consolidation

    SBI Holdings has solidified its domestic dominance by agreeing to acquire all shares of Bitbank in a transaction valued at ¥46.7 billion ($289 million), according to the company’s official disclosure.
    Cornell Rachel
    Jun 29, 2026
  • Invesco Files for Tokenized Fund to Back Stablecoin Reserves

    Invesco Files for Tokenized Fund to Back Stablecoin Reserves

    Invesco has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch the Invesco Stablecoin Reserves Onchain Fund, a new vehicle designed to offer stablecoin issuers a compliant way to manage their collateral.
    Martha Grizzard
    Jun 26, 2026
View more data 
BTCBTC(BTC)
$0
--(Last 24h)
SpotFutures

Top

View more
  1. 1S&P 500 Reclaims 200-Day Moving Average, Bitcoin Gains
  2. 2Trump Softens His Stance on Reciprocal Tariffs, US Stocks and Crypto Markets Rise
  3. 3Vitalik Buterin : The current price of ETH has not been affected by the merger event
  4. 4Vibhu Norby : Solana Spaces store to bring 100K people to Solana per month
  5. 5CZ: compared with the record high nine months ago, the current situation of the industry is much better

Top Gainers

View more
eCash
eCashXEC

$0.00000700

+37.25%
Allora
AlloraALLO

$0.4599

+19.70%
Rats
RatsRATS

$0.00003618

+19.16%
Janction
JanctionJCT

$0.004294

+19.15%
Collector Crypt
Collector CryptCARDS

$0.1684

+18.23%

Top Trending

View more
Solana
SolanaSOL

$74.6400

-3.01%
Bitcoin Cash
Bitcoin CashBCH

$234.400

-4.01%
Binance Coin
Binance CoinBNB

$566.370

-1.54%
Dogecoin
DogecoinDOGE

$0.0716

-2.01%
LAB
LABLAB

$0.2135

-49.75%

Recently added

View more
SK Hynix
SK HynixSKHYB

$152.930

-1.58%
Cash Cat
Cash CatCASHCAT

$0.1460

-13.90%
Cerebras
CerebrasCBRSB

$204.910

-4.00%
Invesco QQQ Trust
Invesco QQQ TrustQQQB

$712.430

-2.20%
Palantir
PalantirPLTRB

$129.290

+1.98%

Learn

View more
  1. 1What Is Cross-Chain Interoperability? How Does It Function?
  2. 2What is OUSD? How Does Open USD Work for Digital Payments?
  3. 3What Are Keyloggers? How Do They Drain Your Crypto?
  4. 4What is Maximal Extractable Value in crypto? How Do We Avoid MEV?
  5. 5Crypto Trading Bots: What Are They and How Do They Work?
About Us
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
English
About Us
+
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
+
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
+
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
+
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
+
  • Twitter
  • Facebook
  • Telegram
  • YouTube
  • Instagram
  • Medium
  • Linkedin
@2012-2026 BITKAN.com