As per the discussions among the community members and feedbacks obtained from the community, we have decided to introduce minor changes in the distribution and its process for all the SPY token airdrops. Please go through the entire article to get a clear impression about the airdrops. There’s also a surprise announcement waiting for you at the end of the article.
SPY Allocated for Airdrop: 300000 SPY
In order to compensate big holders and small investors in an equal manner, we have divided this airdrop in following categories-
1. Total Allocation:45000 irrespective of your STOP holdings.
15000 SPY Tokens will be distributed to all the STOP token holders on 5th of every month, starting this October.
Rules for this airdrop: -
a- Snapshots will be taken on 1st of every month, starting today.
b- Only those holders who have more than 50% of STOP holdings in $ than the amount of SPY to be distributed per holder will qualify for the airdrop.
E.g — If 20 SPY tokens worth $10 are to be distributed to each individual then your STOP holdings must be more than $20 in value at the time of snapshot.
2. Total Allocation: 100000 for liquidity providers
Snapshot of LP tokens(0x77d97e9622deae2744f1bdbd9aa6fe3c41dfddd5 )for SATOPAY liquidity providers will be taken on monthly basis and 5000 SPY will be distributed to LP.
Distribution : -
If you check our liquidity providers token, it will clearly show that the largest of the liquidity providers is the burn address. This is because we burnt our liquidity providers tokens in order to lock the liquidity forever.
So, we will airdrop SPY tokens to every liquidity provider but the burn address.
Every liquidity provider will get the same percentage from the allocation as their percentage in liquidity pool.
The specified tokens for liquidity provided by burn address will be divided into two equal parts.
1st part of these tokens will be dispersed equally among all the liquidity providers except the burn address.
Whereas, the second part of the tokens will be used in community development.
Rules for this airdrop : -
a- Only those liquidity providers who have allocated at least 1 ETH in liquidity will qualify for this airdrop.
b- Snapshots will be taken on 1st of every month and distribution will be done on 7th of every month.
3. Total Allocation: 55000 SPY for STOP Presale buyers
All the presale buyers who didn’t sell any STOP tokens that they purchased will only be eligible for this airdrop. 55000 SPY tokens will be allocated towards them which will be distributed over the next 5 months in equal monthly instalments, distributed on 7th of every month and snapshots will be taken on 1st of every month beginning from 1st October.
4. Total Allocation: 100000 SPY for STOP Holders
Only wallets with minimum 500000 STOP & 1 Million STOP will qualify for this airdrop. The wallets with 500000 & above but less than 1 Million STOP holdings will be rewarded 500 SPY Tokens per month & Wallets with Holdings of 1 Million and above STOP tokens will be eligible for 1250 SPY Tokens.
Rules for this airdrop : -
a- Distribution of this airdrop will be done on weekly basis. A snapshot will be taken on Sunday & distribution will be on following Monday.
b- These 500 and 1250 SPY tokens are going to be divided into 4 parts in order to be distributed every week.
The number of tokens in the respective wallets should not decrease in order to be included in all the airdrops. If new wallets are added in the mean time, more SPY tokens will be allocated towards this from SPY tokens that team will get from liquidity provider pool as explained in point 2 of the article.
Surprise announcement regarding Satopay Wallet : -
Our wallet is almost ready with a very cool UI and a handful of useful functionalities. One of the highlights of the Satopay wallet is a very susceptible staking feature.
Other projects can effortlessly use Satopay wallet in order to provide staking for their users. This process will take only 2 minutes of time and it will give a very dynamic staking structure which can be easily customized according to the requirements of the particular projects.
As per the current date, we already have finalized partnerships with three major projects. Two of which will be added to Satopay wallet in the month of October itself. whereas, the third project will arrive in November.
All the tokens received from these projects will be distributed among STOP and SPY holders.
