Chiliz (CHZ) to Airdrop Meme Coin "PEPPER" — How to Claim and Distribution Details

Chiliz (CHZ) is giving its holders an exciting opportunity to earn PEPPER, a new meme coin built on the Chiliz Chain.

Designed with a fair launch, PEPPER promises equal distribution without pre-minting or ICOs.

Read on to learn how to participate in the airdrop, the details of the distribution process, and what you need to know about this volatile community token.

Free Distribution of Meme Coin "PEPPER" to CHZ Holders

On October 3, 2024, Chiliz (CHZ) announced an airdrop of a new meme coin, "PEPPER," which will be issued on the Chiliz blockchain.

This meme coin, themed around chili peppers, is set to launch in a "fair launch" style, meaning no pre-minting or ICO will occur, ensuring all participants have an equal start.

The PEPPER airdrop will be distributed to users holding at least 100 CHZ on the Chiliz Chain in self-custodial wallets. A snapshot to record CHZ holdings will be taken on October 10, 2024, at 00:00 (UTC).

Overview of the PEPPER Meme Coin and Airdrop

Chiliz has provided the following details regarding the new PEPPER meme coin and the upcoming airdrop.

What is PEPPER?

PEPPER is a meme coin issued on the Chiliz Chain as a CAP20 token. With a total supply of 8,888,888,888,000,000 PEPPER, the coin will be launched without pre-issuance or an ICO. The distribution will be done equitably via a fair launch.

PEPPER will be distributed through two main methods: "airdrop" and "harvesting." Approximately 30% of the total supply will be distributed via airdrops, while the remaining 70% will be allocated to users participating in harvesting activities.

Primarily a community token, PEPPER is intended to have no inherent value, and its price is expected to be extremely volatile. It may even become worthless, so it is not recommended for individuals who are financially or emotionally unprepared for such risks.

As a meme coin and community token, PEPPER comes with significant risks, and it is crucial for users to handle it within their comfort level. The coin’s use cases and future direction will be shaped by the community, putting PEPPER’s fate directly in their hands.

PEPPER Airdrop Details

The PEPPER airdrop will occur weekly, over four rounds. The first snapshot to determine the airdrop distribution will be taken on October 10, 2024, at 00:00 (UTC), with the PEPPER coins expected to be delivered to wallets later that day.

To receive PEPPER via airdrop, users must hold or stake at least 100 CHZ on the Chiliz Chain in a self-custodial wallet. CHZ held on networks other than the Chiliz Chain will not qualify.

Examples of compatible self-custodial wallets include MetaMask and other wallets supporting the Chiliz Chain.

Since the exact snapshot time may vary slightly, users are advised not to conduct transactions one hour before or after the scheduled snapshot if they wish to participate in the airdrop.

Amount of PEPPER to Be Earned Through Airdrop and Harvesting

In the PEPPER airdrop, users holding or staking CHZ will receive PEPPER at a rate of "1 CHZ = 150,000 PEPPER," with a minimum holding requirement of 100 CHZ.

For harvesting, users will earn a daily reward of "250,000 PEPPER" for every 1 CHZ staked.

For more detailed information about the upcoming PEPPER token, users can visit the official PEPPER website.

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