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$DIESEL Airdrop Checker Soon: Key Details & Insights
With the launch of the $DIESEL airdrop checker just around the corner, here's a concise guide to help you make informed decisions (tracked by @FattyIndex)
Is @taggaOyl hinting at Monday 11 August, 2025?
What is DIESEL?
$DIESEL is the flagship token of the Alkanes protocol, issued by @oylwallet
- Total Supply: 1,562,500 $DIESEL (fixed)
- Circulating supply: Only 5% (78,000 tokens) among small holders
- Holder profile: Largest wallet holds under $100,000
- Pre-Allocation: 440,000 tokens (28%) for team and community airdrops
- Mining Supply: 1,122,500 tokens (72%) mined block-by-block
- No whales, VCs, or private sales: Distribution is community-driven via mining and XP rewards
Oyl XP System & Snapshot
The Oyl XP system incentivizes users by rewarding various activities in Oyl Wallet such as holding Bitcoin assets like BTC, Ordinals, BRC-20 tokens, and Runes, collecting @AirheadFun, and securing Whale Passes
The XP snapshot also captured activity across platforms including @idclub_ord and @unisat_wallet
Central to this system is @jin_maa's XP Dashboard, which features the ClockInSystem leaderboard, allowing users to "clock in" approximately every 24 hours (or 144 Bitcoin blocks) via smart contracts to earn XP
Soon, the weighted $DIESEL rewards corresponding to XP will be published on Oyl's rewards page
Current Market Setup
The current market price of $DIESEL is $25.68, with 78,000 tokens in circulation, representing 5% of the total supply. This results in a market cap of ~$2M and a FDV of ~$40M
An expected airdrop of 440,000 tokens could increase the circulating supply more than sixfold, to 518,000 tokens, or about 33% of the total supply
Token ownership is highly decentralized with mostly small investors. The largest wallet holds less than $100,000. All tokens were earned through competitive mining, ensuring a well-distributed token base
We are now entering an important phase with multiple products nearly ready for launch
Oyl AMM, @SUBFROSTio and @BoundUSD are expected to launch, creating strong momentum across the ecosystem
In a recent Spaces, @TaggaOyl outlined several potential strategies to strengthen liquidity and foster growth within the ecosystem, including collaboration with market makers, investor partnerships, and integrated solutions involving @BoundUSD and @SUBFROSTio
The upcoming airdrop checker and Oyl AMM launch will mark the shift of $DIESEL from silence to discovery, kicking off a liquidity event in this emerging Bitcoin ecosystem
What are your thoughts on the upcoming $DIESEL airdrop? Drop your predictions or questions below!
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