Crypto wallet provider SafePal has joined forces with the decentralized exchange (DEX) aggregator 1inch for a hardware wallet giveaway aimed at rewarding active decentralized finance (DeFi) users, avoiding typical pitfalls associated with token airdrops.
What You Need to Know
- SafePal and 1inch are collaborating on a campaign that offers 300 co-branded hardware wallets to users who engage with 1inch through SafePal’s mobile wallet swap aggregator.
- This effort is timely, as decentralized exchanges have recently captured 30% of the total global crypto spot trading volume.
The companies announced this initiative on Monday, noting that unlike conventional airdrops often exploited by bots, this giveaway will focus on genuine, self-custody-oriented users.
“Token airdrops tend to inflate metrics without long-term engagement,” said SafePal CEO Veronica Wong. “Walletdrops like this favor DeFi-native users and reinforce security best practices.”
“As DeFi scales, reinforcing user-owned asset management is critical,” remarked 1inch co-founder Sergej Kunz.
SafePal is enhancing its offerings, having upgraded its hardware wallets’ security features and introduced new blockchain integrations, including a Telegram-based wallet, SafePal Mini. In the meantime, 1inch continues to connect decentralized and centralized liquidity across over 200 blockchains.
