Blockchain interoperability project Connext will launch its native token, $NEXT, on September 5. The Connext team will airdrop $NEXT token to early users across Polygon, Arbitrum, Optimism, and Gnosis Chain, and the claims will begin on September 5.
Connext serves as a cross-chain messaging protocol, enabling transfer across multiple blockchains. It has processed more than 1.2 million transactions across different blockchains with a cumulative volume of $1.6 billion.
The NEXT token will be used to govern Connext’s ecosystem through a decentralized autonomous organization. In the future, the token will have the additional function of decentralizing the network by allowing activities such as cross-chain routing and token listings to be completely permissionless. This will be done through the staking of Next tokens, subject to DAO approval.
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