In today's blockchain ecosystem, token airdrops have become an important strategy to attract new users and reward loyal communities. In the near future, we plan to conduct a major airdrop event that will release a total of 190,500,000 S tokens to incentivize users of Opera and the emerging Sonic chain. This article will delve into the main components of this airdrop, the design of user rewards, and future development potential.
1. Main components of airdrop
Sonic Gems and Sonic Boom Rewards Program: During this airdrop, we are launching the Sonic Gems and Sonic Boom Rewards Program. These rewards are designed not only to reward existing Opera users, but also to attract more Sonic users into the ecosystem.
Rewards for Opera users: We are very grateful to the Opera community for their support over the years and will allocate a portion of the airdrop tokens to active users. Here are some highly regarded historical events:
Contribution of Liquidity Providers (LPs) across multiple applications
Historical validators and delegators
Affected Opera multi-chain bridge wallets
Liquid Staked Token (LST) holders such as sFTMx, beFTM and ankrFTM
Opera NFT holders, market users, collection creators, etc.
Other activities participating in the Opera Agreement
Rewards for Sonic users: In addition to rewards for Opera users, we also hope to promote the growth of Sonic by attracting new users, focusing on total value locked (TVL), transaction volume and ecosystem development. For Sonic airdrop rewards, may include:
Liquidity Providers (LPs) across multiple Sonic applications
Users staking and verifying on Sonic
Liquid Staked Token (LST) Holders
High fuel consumption verification contract deployer
Users participating in audience activation activities and tasks
Other activities involving Sonic Protocol
Users who bridge funds to Sonic
2. Airdrop distribution mechanism
We have designed a unique linear decay mechanism designed to address the challenges of airdrop rewards on active chains. The purpose of this mechanism is to reduce severe fluctuations in circulating supply in the short term. Specifically, this airdrop required a strategic design to minimize the impact of sudden supply changes, and linear decay and burn mechanisms were one of the solutions.
Unique Burn Factor: The airdrop model utilizes a unique burn factor that encourages recipients to increase activity on the chain while waiting for their desired exit burn. Additionally, users who do not wait for their airdrop locations to fully mature will be punished through burning. For users who choose not to hold, there will be a market for them to trade their airdrop allocation of S tokens to speculative buyers.
Distribution schedule for the airdrop: On the first day of the airdrop, 25% of user allocations will be liquid, while the remaining 75% will be unlocked in the form of NFTs within 270 days. Sonic users can claim this 25% immediately and have the flexibility to decide when to claim their final allocation.
3. Airdrop Examples and Burning Mechanism
Take Andrew and Bob as examples to illustrate how airdrops work:
Example A: Andrew gets 1,000 S in a Sonic airdrop. He can claim 25% of the liquid allocation at any time, i.e. 250 S. After 90 days, Andrew returns to the claim portal and decides to claim the remaining airdrops. Since 90 days have passed, he can claim 249.75 S (33.3 of the remaining 750 tokens), but must burn 500.25 S (66.7% of the locked allocation).
Example B: The airdrop rewards received by Bob also follow the same rules. This design not only motivates users to hold tokens, but also promotes the activity of the entire ecosystem.
4. Future Outlook
As the Sonic ecosystem continues to grow, we believe this airdrop will be an important means of attracting new users and consolidating existing ones. Through such a reward mechanism, we can not only increase user participation, but also promote the growth of the entire ecosystem.
In the future, we will continue to pay attention to user needs and feedback, and adjust the reward mechanism according to market conditions to achieve sustainable development. This is an era full of potential, let us look forward to the bright future of FTM tokens in the blockchain world!