martian (@martian) ā¢ Hey
Martian, maybe one day :)
Publications
- Any way to get rid of scam NFT drops?
- A bit lost here ... are there just web3 people here? Not that I am complaining ... š
- Did @lensprotocol just leak and delete their airdrop confirmation? š
OG Tweet š
š https://twitter.com/LensProtocol/status/1625518907405500417
- š¤ How will the Gitcoin Grants Program be run in the future?
š ļø Join us on Wednesday, November 30th at 12pm ET to discuss it!
š± We will share our thinking about how the program will be run and hear YOUR thoughts about the program's future
šļø This event is open to DAO Citizens (go to the #citizen-start-here channel to get the role ahead of the call!)
š Get notified of when the event starts in #citizen-forum: https://discord.com/events/562828676480237578/1046838693643698256
- If you were a Synthetix or Kwenta user, you have 4 days left to claim kwenta "airdrop" šØ
Instead of directly airdropping, @kwenta_io is allowing early users to buy $KWENTA at a huge discount
Public sale: ā ~$300 price
Early users: ā
~$30 price
Details here:
1/7
What is Kwenta?
They enable trading synths (long/short perps) with up to 25x leverage.
In January this year, they confirmed the $KWENTA token.
I wrote about it here š
https://twitter.com/OlimpioCrypto/status/1485766442788208643
2/7
Eligibility criteria: who can participate on this discounted sale?
ā¢ 5% will go to eligible users who traded in Kwenta between Jan 1st 2020 - Feb 1st 2022
ā¢ 30% of KWENTA will go to $SNX stakers (active between Sept 1st 2021 - Feb 1st 2022)
š https://docs.kwenta.io/dao/sovereignty/synthetix-staker-and-synth-trader-aelin-pool/how-to-participate-in-the-aelin-pool
3/7
How does this "airdrop" work?
It's not an airdrop really, just a (very) discounted token sale.
$KWENTA 1st public sale ended on Feb 2022 at a valuation of 100M.
ā¢ Raised 5M USD
ā¢ Sold 15668.65 vKWENTA
ā¢ Price: 319.10 USD/token
Ended token sale: https://app.aelin.xyz/pool/optimism/0x20369baa917bd1867bdafc24d72458ac777c9a2c
4/..
Now, eligible users can buy the token at 31.91 sUSD per veKWENTA.
That's 1/10 of the price paid by previous raise: 319.10 sUSD per veKWENTA.
You can check your eligibility here:
š kwenta.eth.limo/dashboard
(right corner)
5/..
If you are eligible, you can buy $KWENTA with a discount in the Aelin pool:
š app.aelin.xyz/pool/mainnet/0x21f4F88a95f656ef4ee1ea107569b3b38cf8daef
šØ Only 4 days left to participate šØ
Only one purchase allowed, so be mindful, you cannot buy again later
6/
Tokenomics
ā¢ Total supply: 1M in 4 years (most of them are locked)
ā¢ Initial supply: 313 373
$KWENTA distribution:
ā¢ 25% - Community Growth Fund
ā¢ 5% - Early Synth Traders
ā¢ 15% - Core Contributors
ā¢ 30% - $SNX Stakers
ā¢ 5% - Investment
ā¢ 20% - Treasury
7/7
Other helpful links:
ā¢ Sale details: https://docs.kwenta.io/dao/sovereignty/synthetix-staker-and-synth-trader-aelin-pool/pool-details
ā¢ Tokenomics: https://docs.kwenta.io/dao/kwenta-tokenomics
ā¢ $KWENTA launch distribution: kips.kwenta.io/kips/kip-13/
We are in a bear market so we cannot know what happens to the price once it becomes tradable.
People thought $HFT from Hasflow would go to $10, and now it's trading at $0.70.
Regardless, we can see there is people willing to pay $300 for this token, so discount seems reasonable