DuckChain (DUCK) Up 35% in 24 Hours Following Kraken Listing

DUCK, the native token of DuckChain, has seen a significant price increase following its listing announcement on Kraken, a major U.S.-based cryptocurrency exchange. On-chain data shows that DUCK climbed over 35%, reaching $0.00511 on Thursday before experiencing a slight correction.

$DUCK is now listed on Kraken, one of the largest and most trusted U.S.-based crypto exchanges! 🇺🇸

📍 Start Trading Now: https://t.co/WMpbCTKVHJ

The Duck keeps growing—stay tuned for more! https://t.co/OPz2q9CFhY

— DuckChain (@Duck_Chain) March 19, 2025

What is DuckChain?

DuckChain is the first EVM-compatible Layer 2 solution designed to expand the TON network by linking it with Ethereum and Bitcoin. The project aims to onboard billions of Telegram users to the blockchain space, facilitating mass adoption.

By integrating with Ethereum’s ecosystem, DuckChain gains access to well-established decentralized applications (dApps), decentralized finance (DeFi) protocols, and developer resources. This interoperability allows TON to leverage proven blockchain technologies while attracting developers familiar with the EVM framework.

Additionally, DuckChain’s connection to the Bitcoin ecosystem enhances its reach. The platform supports integration with the BTC mainnet, Layer 2 solutions, and the Babylon ecosystem, enabling access to a vast liquidity pool and a larger user base.

Simplifying Transactions with Telegram Stars

DuckChain has built its infrastructure to make crypto transactions more accessible for Telegram users. Many businesses already use Telegram bots and mini-apps for commerce, with payments typically processed through credit cards. On June 6, 2024, Telegram introduced Stars, an in-app currency for purchasing digital goods and services.

To lower barriers for new users, DuckChain has tokenized Telegram Stars, allowing them to be converted into on-chain tokens for transaction fees. In addition, the project utilizes account abstraction to streamline payments, reducing complexity in cross-chain operations. Meanwhile, users familiar with cryptocurrencies can cover gas fees using various tokens, including TON.

DUCK Tokenomics and Airdrop Details

DuckChain’s governance token, DUCK, was launched with a total supply of 10 billion tokens. The majority—77%—is allocated to community and ecosystem development.

Within this allocation, 50% is designated for airdrops, 4% for liquidity, 3% for marketing, and 20% for ecosystem support. The remaining supply is distributed among investors (10%), the team (10%), and consultants (3%).

Notably, the project completed its airdrop snapshot on January 7 at 13:00 UTC, ensuring a fair distribution based on multiple participation criteria. DUCK was officially listed on January 16 at 10:00 AM UTC on six major exchanges: OKX, KuCoin, Bitget, Gate.io, MEXC, and HASHKEY.

Following the snapshot, the project introduced a structured scoring system to determine airdrop allocations fairly. Users are rewarded based on their total on-chain Star spending, with measures in place to prevent bot farming.

In addition to Star spending, other factors such as the number of invited friends and testnet NFT holdings also influence airdrop eligibility. Notably, participants must also reach at least Level 2 in the Duck Level system by accumulating DUCK Points and Eggs.

Beyond the general airdrop eligibility criteria, AI DAO Genesis Members received exclusive allocations. Each member qualified for an initial 9,074 DUCK tokens, which increased to 10,889 DUCK through OKX off-chain claims. Moreover, future governance participation will provide an additional 22,750 DUCK tokens to these members.

With its multi-chain approach and user-friendly payment integration, DuckChain is positioning itself as a key player in TON’s expanding ecosystem.