TL;DR:
๐ธ 3 airdrops
๐ธ 40% farmed!
๐ธ Early adopters rewarded
๐ธ >60% to domain holders! ๐ฅ
A quick ๐งต for readooors: ๐
1/5
Entering the last phase of our Roadmap 1.0, we're launching the #EvmosDomains utility, treasury, & governance token: $EVD! ๐
The total supply, 10M, will be distributed via:
๐ 40% over 3 airdrops spanning 6 months
๐ 40% farmed on @diffusion_fi over 2 years
๐ 20% Treasury
2/5
The airdrops:
๐ 40% to #EvmosDomains holders
๐ 20% to registrants and early adopters
๐ 10% to the @EvmosDomains team
๐ 10% to @OrbitalApes ecosystem users
๐ 10% to $EVMOS, $ATOM, and $OSMO stakers
๐ 10% to Testnet users, Contributors, and Discord members!
3/5
The DAO:
$EVD will be used to vote on the future direction of #EvmosDomains and grant funding to various ecosystem #contributors using the #treasury! ๐ฆ
The treasury is allocated 20% of the total $EVD supply up front, along with a little extra from the last 2 airdrops.
4/5
As early adopters are rewarded separately, $EVD's first snapshot is set to September 28th! ๐
๐ app.evmos.domains
We'll keep the community posted on all progress, plus a couple surprises next week! ๐ฅ
Since posting our #Airdrop details yesterday, we received a lot of backlash, and we wanted to write this ๐งต to clear things up.
We'll go over major criticisms of our airdrops and explain why we made certain decisions, along with changes we'll make now. ๐
1/14
Concern #1: The snapshot date. (Our first snapshot date being in the future - September 28th)
All domain holders and registrants are rewarded based on how early their domains were registered, following this curve (and area under the curve for time held).
2/14
This means: the earlier you registered a domain, & the longer you held it, the more of the airdrop you get.
As this amount decays quadratically, the snapshot date becomes less relevant because all domains registered before yesterday are disproportionately rewarded more. ๐