Trump’s victory in the recent US Presidential Election has set all the necessary stages for the upbringing of a new era in the crypto market. As various cryptos continue to surge, investors and traders are actively looking to boost their income during these promising times. That’s where the crypto airdrops come in. They bring with them a golden opportunity to partake in a project’s growth from a budding stage and profit from its growth in the future. Here, we will be looking into one such promising project that has set its airdrop into motion, the Favolo. We will also look into the eligibility criteria and the claiming process surrounding the airdrop.

Favolo Coin: A Brief Overview

Favolo is a meme coin that is based on the Solana blockchain network. However, the meme coin has yet to be launched on the Solana Chain. The coin is based on a fictional “crazy Chihuahua dog of the Solana blockchain”. FAVOLO has recently orchestrated a social media raid campaign, which is an airdrop. The cousin is expected to list on a small number of centralized exchanges by the end of this month. Here, is a tabular overview of the new meme coin.

Name	Favolo
Ticker	$FAVOLO
Blockchain	Solana
Total Supply	1 Trillion
Airdrop Allocation	18%
Charity Allocation	4%
Expected Listing Date	January 2025
Listing Exchanges	3 CEX (Names not disclosed)

Favolo X Airdrop: A Brief Overview

The Favolo, the latest meme coin, in the crypto market, has just announced an X (formerly known as Twitter) airdrop. One of the main highlights of this airdrop is that it can be just taking a pic and posting it. Of course, you need to take the pic in a cool place with the Favolo dog in the background and tag any of your two friends. And by doing this, you get a chance to win a reward worth $50. 

However, the reward is only limited to two lucky community members as of now. But, Favolo has specified that there will be more such “raids” coming in the future. So, even if you don’t win it now, there is still a chance for you. Also, don’t forget to repost the uploaded pic in the airdrop tweet announced by the meme coin team. 

This way, they are keeping track of the members that have assisted in their initial stages through a leaderboard and point system, which will be allocated to the winners in a later much bigger drop, estimated to be around 18% of their total supply. This huge airdrop will be announced at a later stage once the token gets registered in the Solana chain.

FAVOLO Current Airdrop Overview

Prize pool	$100
Task	Take a pic with Favolo, post it, and tag 2 friends.
Owner/username	@FavoloDog
Eligibility	2 lucky winners
Price Distribution Date	N/A

How to Buy the FAVOLO Token When It Gets Listed?

If you’re interested in the Favolo token and are wondering how to buy it, you have come to the right place. Here, we will provide a step-by-step guide on how to buy the famous meme coin when it gets listed easily.

• Step 1: Download and install a wallet that is compatible with the Favolo token like the Phantom wallet.
• Step 2: Fund your wallet account with SOL.
• Step 3: Find the exchange that lists the Favolo token and link your wallet to it.
• Step 4: Browse for the token in that exchange and specify how much you want to buy.
• Step 5: Verify the details provided and confirm the transaction.

After the blockchain network successfully verifies your transaction, the FAVOLO token will be allocated to your specific wallet.

Potential Risks Associated with X Airdrops

X (or Twitter) airdrops are one of the simplest and easiest ways to get crypto coins before they get listed. However, there are also various risks associated with such airdrops. Here, we will look into the major ones, so that you know exactly what you’re getting into with these airdrops.

• Phishing Attacks: Scammers can pose as known crypto projects to easily steal your passkeys and other wallet details.
• Fake Airdrops: Frauds can also offer you worthless tokens or in some cases, no tokens at all.
• Wallet Access: Some of these airdrops might require wallet access, which is risky if the platform is untrustworthy.

Final Remarks

The Favolo meme coin is indeed making its debut in the market at one of the best times in the crypto market. So, there is a high chance that the coin will surge in the market, especially due to the ongoing meme coin supercycle. However, there are also many challenges that the coin needs to overcome to maintain its position in the market including liquidity and adoption rate. There is also the fact that the FAVOLO is a meme coin, making it a high-risk, high-gain venture. So, it would be better if you conduct thorough research on the trends in social media and markers before spending your valuable time on the coin’s X airdrop.