Thread by @Deebs_DeFi

Are LUNAtics and OSMOnauts ready for a future airdrop? 🪂

Read on to find out more👇🏻🧵(1/6)
#OSMO #LUNA

2. Whitepaper indicates $ION will be airdropped to:
👉🏻 $UST holders/LPs on Osmosis before Crash
👉🏻OSMO Stakers
👉🏻ION/OSMO LP and ION Stakers

https://twitter.com/_iondao/status/1587631900830703617

3. What is $ION?

• ION is 1 of a 3 token system by @_IONDAO

1) IBCX- An Index token fully collateralized by a basket of IBC Tokens

2) IOU-Overcollateralized Stablecoin, minted with IBC Index tokens as collateral

3) ION-Governance over IBC and IOU/ Value accruing

4.But how will ION accrue value?

•We are currently awaiting the official proposal to go live for voting

•However, here are the possibilities in their whitepaper:

1) Fees on transactions on stablecoin IOU & IBCX index

2)Staking Rewards-From staking underlying tokens in IBCX

5. Keep an eye on their governance page 👇🏻

Vote: ion.wtf/governance

Suggestions: discord.gg/9gD5wDaZWU

6. Ready for the alpha at the source?

Jump into the @orbital_command discord

discord.gg/hs23SMDK7B