Mezo announces the first phase of airdrop distribution, will distribute approximately 19.82 million tokens to over 11,000 addresses.

Foresight News reports that the Bitcoin financial network Mezo announced on Twitter that the first phase token distribution plan is now live. The community airdrop accounts for 5% of the total supply, with approximately 2% allocated in the first phase, totaling 19,824,782 MEZO tokens. Among over 100,000 registered users, 11,845 addresses have met the minimum claim threshold of 60 MEZO, with 13% of these addresses choosing to lock their tokens as veMEZO. Details of the second phase will be announced in the coming weeks. Users who did not participate in the first phase registration still have the opportunity to qualify through subsequent registrations.

The distribution weight in the first phase emphasizes ongoing on-chain activities such as cross-chain transfers to the mainnet, asset swaps, lending, providing liquidity, participating in vaults, and veBTC-related activities. Distribution points (mats) are divided into two seasons: the first season (March 2024 to May 2025) has an exchange rate of 1 MEZO = 679.9 mats; the second season (May 2025 to January 2026) has an exchange rate of 1 MEZO = 36.78 mats. Addresses participating in both seasons will receive a 25% basic distribution bonus.