PAWS, a cryptocurrency distributed via airdrop, has recently gained attention due to its listing on MEXC and a problematic airdrop event on Bybit. This announcement of their listing on MEXC on April 16 was a huge achievement for PAWS. It increased visibility and brought the project to a much wider audience. The initial excitement was tempered by issues surrounding the token's distribution on Bybit, causing confusion and frustration among users.

MEXC Listing and Promotional Events

MEXC launched trading for PAWS in pairs against USDT and USDC, giving traders greater flexibility. To mark the listing, MEXC introduced a series of promotional events to draw the most traders on board and boost the token’s trading volume. These events, such as trading competitions and deposit rewards, were meant to encourage participation in the new PAWS market.

PAWS set aside a staggering 62.5% of its total supply for community rewards. This decision is testimony to its commitment to creating a dynamic and engaged public realm. In addition to these positive factors, PAWS offered ultra-early staking rewards. Users would have the opportunity to earn an astounding APY of 279%, further incentivizing users to hold and stake their tokens. Successful launch on MEXC will serve to greatly increase the visibility of PAWS and improve participation from the community.

Bybit Airdrop Issues

Before the MEXC listing occurred, Bybit airdropped PAWS tokens to users who passed the eligibility criteria on April 15. However, the airdrop quickly went awry with numerous errors and Bybit was forced to admit it had miscalculated the distribution. As a result, Bybit cancelled all allocations, leaving many users on the hook and watching their token balances evaporate overnight.

These airdrop problems caused both severe confusion and user frustration. Significant backlash Folks were quick to respond. Bybit promised the users their tokens were secure and would be redistributed equitably. Aside from the sheer magnitude of this particular incident, it did raise key questions about how the airdrop was carried out. Regulatory requirements prevented users located in the European Economic Area from participating in the airdrop. This decision was hardly controversial.

Journalist's Perspective

Fatima is a new generation crypto journalist with an eye for finding hidden gems and in-depth technical analysis. She’s been all ears as the story has unfolded around PAWS. In her contention, the MEXC listing represents an enormous win for the crypto. The controversy surrounding the Bybit airdrop shows that token distribution can be fraught with challenges and pitfalls. Fatima wants to see more transparency and clear communication in these events in order to uphold community trust and confidence.