🪂Airdrop & Distribution Strategy
Airdrop Mechanics
The $ELF token airdrop will be executed using a multi-phase approach to ensure fair distribution and maximum engagement from the target stakeholders. A snapshot of the respective token holders, developers, relayers, and other relevant parties will be taken at predetermined block heights. The airdrop will then be distributed proportionally based on each stakeholder's share of their respective allocation pool.
Targeted Stakeholders
The $ELF airdrop aims to reach a wide range of stakeholders within the Cosmos ecosystem, ensuring decentralization and active community participation. The targeted stakeholders include:
Meme token holders from various projects
Open-source developers working on Cosmos
Relayers within the Cosmos ecosystem
CHEQ holders
NYM token holders on both Cosmos and Ethereum
Users of major Cosmos chains (Osmosis, Juno, Regen, Akash, Sentinel)
Holders of Stargaze NFT projects (TBD) 👀
Phases & Timeline
The $ELF airdrop will be conducted in several phases to ensure a smooth and fair distribution process. The timeline for each phase is as follows:
Phase 1: Airdrop announcement and snapshot dates disclosure (May 2023)
Phase 2: Snapshot of targeted stakeholders at respective block heights (June 2023)
Phase 3: Distribution of $ELF tokens to eligible recipients (July 2023)
Phase 4: Monitoring and analysis of airdrop results, followed by potential adjustments for future distributions (August 2023 onwards)
This phased approach allows for thorough planning, execution, and analysis of the airdrop process, ensuring a successful and engaging token distribution strategy.
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