Sport.Fun($FUN) suddenly announced an airdrop today, allowing participation in multiple yield mechanisms. This is an on-chain sports prediction economic project built on the Base chain.

The project has a solid background. The disclosed funding round raised $2 million, led by 6th Man Ventures. The total token supply is set at 1 billion tokens, deployed on the Base chain, with an initial circulation ratio of 17.8%. The project team previously conducted a public sale on Kraken, with a price of $0.06 per token.

Regarding the unlocking mechanism, 50% of the tokens from the public sale are released at TGE, with the remaining 50% linearly unlocked over approximately 6 months. This design is relatively balanced, avoiding excessive sell pressure.

Currently, the pre-market price is about $0.10 per token, corresponding to a fully diluted valuation( of approximately $100 million) based on a total supply of 1 billion tokens(. According to estimates, the airdrop accounts for about 1%, meaning the total airdrop amount is roughly $1 million) and is expected to be distributed among around 30,000 recipients.

Honestly, the sports prediction track still has room for imagination on-chain, and choosing to deploy on the Base chain is also a good choice for Sport.Fun. Interested friends can follow the project team’s future operations and community reactions.