Crypto pockets supplier SafePal and decentralized trade (DEX) aggregator 1inch introduced a free {hardware} pockets giveaway to reward energetic decentralized finance (DeFi) customers whereas sidestepping the widespread pitfalls of token airdrops.
This system will distribute 300 limited-edition, co-branded {hardware} wallets to individuals who use 1inch inside SafePal’s cell pockets swap aggregator, the businesses stated Monday. In contrast to typical airdrops — typically gamed by automated bots and opportunistic customers — this marketing campaign intends to focus on dedicated, self-custody-focused individuals.
“Token airdrops are likely to inflate metrics with out long-term engagement,” stated SafePal CEO Veronica Wong. “Walletdrops like this favor DeFi-native customers and reinforce safety greatest practices.”
The transfer comes as decentralized exchanges acquire floor, accounting for a report 30% of worldwide crypto spot buying and selling quantity in June, in accordance with The Block. That market share indicators rising person curiosity in permissionless, peer-to-peer buying and selling choices over centralized exchanges.
SafePal stated it’s persevering with to develop its product line, having not too long ago upgraded the {hardware} wallets’ safety chips and including new blockchain integrations. It additionally launched SafePal Mini, a Telegram-based pockets, and revamped its yield aggregator with staking help for networks like Solana.
For 1inch, which connects to each decentralized and centralized liquidity sources throughout over 200 blockchains, the partnership doubles as a push to reaffirm the significance of self-custody in an business nonetheless reeling from previous centralized trade failures.
“As DeFi scales, reinforcing user-owned asset administration is important,” stated 1inch co-founder Sergej Kunz.
