The long-awaited launch of the Cosmos-based Evmos project will take place this Wednesday at 18:00 UTC. Here’s everything you need to know.
Evmos is finally launched on Mainnet
Evmos is a project that aims to connect the Cosmos and Ethereum ecosystems. Although the Cosmos ecosystem blockchains are not natively compatible with Ethereum, Evmos aims to connect these chains as it hopes to attract Ethereum users to the Cosmos ecosystem. Similar to blockchains like Avalanche and Fantom, Evmos will allow developers to build applications for the Ethereum Virtual Machine (EVM), which should make it easier for Ethereum developers to launch projects in the Cosmos ecosystem.
The launch of Evmos Mainnet was originally scheduled for February 28, but was postponed to Wednesday, March 2 and will take place at 18:00 UTC. The Evmos community, which has been anticipating the launch for months, has also learned that the network has increased the number of tokens that will be distributed as part of the “Rektdrop”.
Coming soon…. https://t.co/UeH1h9RMrG
—Evmos (@EvmosOrg) March 1, 2022
What is Rektdrop?
Evmos had announced an airdrop on December 15, rewarding users of Ethereum and two Cosmos-based blockchains. The total allocation of the so-called “Rektdrop” airdrop was 100 million tokens, or 50% of the initial supply, making it one of the largest airdrops in recent months. You can find out if you have received tokens by visiting their dashboard.
On Ethereum, users who used the most popular Ethereum applications such as Aave, Uniswap, and Compound received tokens, as did users of delegators Osmosis and ATOM. However, interestingly, tokens were also given out to users who lost money due to high fees, stack draws, and exploits. The reason for the wide spread of the airdrop was to attract more users to Evmos, as they hope to attract more participants into the Cosmos ecosystem.