This article first appeared on Beincrypto
Continuing their support of the Solana ecosystem, cryptocurrency exchange AAX has launched the AAXSeeds project.
Following the exchange’s announcement in June that AAX had reserved $10 million USD to boost its work around Solana Summer, AAXSeeds focuses on Solana-based tokens that show promising performance on decentralized exchanges such as Serum.
With AAXSeeds, users are expected to have early access to the Solana projects that are not widely recognized.
AAXSeeds involves raising more awareness for the token on social media, a significant airdrop, and a listing on AAX Spot, and the savings sector.
The first token selected to benefit from AAXSeeds is Solana’s very first meme coin SAMO which is both a reference to Dogecoin but also to FTX CEO, Sam Bankman-Fried. The Samoyed community is a vibrant and friendly community and the SAMO team is supporting the project from their side as well, having made 4,000,000 SAMO available for the airdrop.
To get the airdrop, users need to deposit a minimum of 20,000 SAMO into their AAX account – only an email address is required. The airdrop amount is based on the deposit amount relative to the total deposit amount received. If users have their identity verified (KYC) the airdrop will be doubled.
Furthermore, users who place their SAMO (or other cryptocurrency currencies) into one of AAX’s Savings Products will get another 1,000 SAMO.
The airdrop campaign will run until September, 14. SAMO will go live on AAX Spot on September,13. More niche token listings will follow soon after.
For more information on the airdrop, check AAX Seeds.
Make sure to follow AAX on Twitter for the latest updates or to let AAX know which coin to consider for AAXSeeds.
Favored by a million users in over 100 countries, AAX is the world’s first cryptocurrency exchange powered by LSEG Technology, and the first to make the switch to the Satoshi Standard (SATS) to drive the adoption of Bitcoin.
The exchange charges $0 fees across all 80+ spot markets, offers high-yield savings packages, deeply liquid futures markets, regular discounts on major tokens, and a range of on-ramps that make cashing in and out of cryptocurrency easy.
Connecting traders, innovators, NFT-artists, high-net-worth investors as well as the unbanked, AAX’s mission is to help ground digital assets in the real world and bring the benefits of sound money to everyone. Visit the website.