Relation Labs, a Web3 company building decentralized social graph infrastructure, announced it had commenced the launch of the Season 1 airdrop of its native $REL token. The first season includes 50,000,000 tokens distributed to early Relation contributors and adopters.<\/p>\n
Web3 firm Relation Labs announced the launch of the first airdrop season for the native token of its blockchain, REL. With the airdrop, the Web3 firm intends to reward early adopters who have helped grow the Relation ecosystem.<\/p>\n
The Season 1 of the REL airdrop includes 50,000,000 tokens, which will be distributed to eligible Relation participants.<\/p>\n
\u201cThe snapshot for the first airdrop season of REL was captured on May 26th at 2 am UTC. Under this initiative, Relation plans to distribute a significant amount of the total airdrop allocation in Season 1, which is 50,000,000 distributed $REL, to eligible participants in the Relation ecosystem, including the Relation users, early adopters, and contributors.\u201d<\/p>\n
\u2013 Relation wrote in the announcement. <\/cite><\/p>\n Relation also said it had introduced certain \u201cboost factors\u201d through unique identifiers within the ecosystem that represent users\u2019 identities and relationships. Users that hold these identifiers \u2013 such as \u201c.soul profile\u201d \u2013 are set to receive a boost in their airdrop allocation to promote such boosters\u2019 use.<\/p>\n Founded in 2021, Relation Labs is a Web3 project developing decentralized social graph infrastructure to empower people and communities to build and maintain their social identity, co-build reputation and create a better society in the Web3 space. A social graph represents the relationships between individuals or entities in a social network, illustrating how people or entities are connected and interact.<\/p>\n Web3, the rapidly growing \u201cthe next iteration of the internet,\u201d is bringing significant changes in the many fields of the online world, including social media. First, the single-most-important change is decentralization, meaning that decentralized social media run independently rather than on centralized servers managed by a company such as Twitter or Meta.<\/p>\n Several decentralized social media platforms operate today, though they are yet to witness mainstream adoption. Some of these include Mastodon, Minds, Diaspora, and Signal. Similarly, decentralized finance (DeFi) lender Aave rolled out its blockchain-based social media project Lens Protocol in 2022.<\/p>\n This article originally appeared on The Tokenist<\/i><\/p>\n Sponsored: Tips for Investing<\/b><\/p>\n A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.<\/p>\n Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses,\tconsider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.<\/p>\nHow Web3 Firms are Redefining Social Media<\/h3>\n