SingularityDAO June Airdrop
Discover how you can claim your June SDAO Airdrop and enter this Airdrop round as a Liquidity Provider.
Summer is here! That means it’s time for the June SDAO airdrop! The May airdrop was a success, distributing 875,000 governance tokens to our supporters, and now we’re getting ready to do it all again, but a bit bigger this time.
Every month from May to August 2021, we are airdropping SDAO tokens, for a total of 5 million SDAO, 5% of the supply of 100 million SingularityDAO tokens. This acts as a reward to those who have contributed to our tokenomic ecosystem, and helps give the DAO a broad base of decentralized governance. The June airdrop will distribute 1,125,000 SDAO tokens to AGIX holders, liquidity providers, and stakers who meet the criteria explained below.
In addition to this airdrop, our team is working on a staking and farming portal that will allow users to add liquidity to Uniswap in a more intuitive way, and to farm SDAO tokens.
The timeline of the airdrop has changed a bit from what was previously announced, in order to give liquidity providers time to enter. The timeline is as follows –
- On April 17, 2021 at 23:59 UTC+0, we took a snapshot of AGI holders. If you missed this, you can still participate in the airdrop by contributing to liquidity pools as detailed below.
- On June 18, we will take a snapshot of the AGIX-WETH liquidity pool on Uniswap. This is the liquidity pool for the AGIX-WETH pair at contract address 0xe45b4a84e0ad24b8617a489d743c52b84b7acebe.
- June 20th to June 23rd: registration on the Airdrop Registration Portal.
- From June 25th, users can claim their tokens from the same portal.
Joining the liquidity pools before June 18 is your last opportunity to join the SDAO airdrop!!! The two remaining airdrops, in July and August, will only be open to users who have met the eligibility criteria so far. Users who keep at least 1000 AGIX in the liquidity pools for the next months will be able to participate in the July airdrop of 1,375,000 tokens, and the August airdrop of 1,625,000 tokens. Throughout these months snapshots will be taken at random points in time, to keep track of balances.
Airdrop for AGIX holders and liquidity providers
Of the 1,125,000 SDAO available in the June airdrop, 675,000 will be assigned to people who have registered on the Airdrop Registration Portal between June 20th and 23rd, and meet either one of the following two criteria –
- Holding at least 1,000 AGI since the 17th of April 2021 at 23:59 UTC+0 up to the hard fork of 28–31 May and then 1000 AGIX since it has been dropped to you by SingularityNET for the hard fork in the same private wallet continuously.
- Holding at least 1,000 AGIX of liquidity to the AGIX-WETH liquidity pool on Uniswap on June 18 (this ignores the snapshot of the 17th of April)
The liquidity pool considered for the snapshot is the one listed on Dextools here, and on Etherscan here, and the Uniswap address to start adding liquidity is — https://app.uniswap.org/#/add/v2/ETH/0x5B7533812759B45C2B44C19e320ba2cD2681b542
You can find a full info page on the AGIX-WETH pair here: https://v2.info.uniswap.org/pair/0xe45b4a84e0ad24b8617a489d743c52b84b7acebe)
While AGIX Stakers will still be rewarded according to the split described in the “Airdrop for AGI stakers” section, holders and liquidity providers’ allocation will be distributed to all registered participants according to a distribution curve that rewards using this following formula:
Reward = total_reward * log10(1+user_balance) / SUM(log10(1+user_balance))
The purpose of this function is to distribute rewards proportionally to token holders’ balances according to the inverse function of exponentiation “Log10”. The logarithm function is to decrease the “winner takes all” effect and reward all token holders fairly. Find out more about Log10 algorithmic function.
AGIX for stakers
Of the 1,125,000 available in this airdrop, 450,000 will be distributed among people staking AGIX in the staking window that finishes June 16.
These 450,000 will go to those that meet the following criteria –
- Staking at least 1,000 AGIX tokens in the Staking Portal, from May 16 2021, 00:01 UTC to June 16 2021 00:00 UTC.
- You are only eligible if you were part of the airdrop snapshot on the 17th of April 2021, at 23:59 UTC+0, and then renewed your stake.
- You register at the registration portal between June 20th and 23rd.
Half of the 450,000 will be distributed equally to all staking wallets regardless of balance, the other half proportionally according to the amount staked.
How to add liquidity on Uniswap
One of the best ways to participate in the airdrop is to add liquidity on Uniswap. All accounts that are providing liquidity as of June 18 will be eligible for the SDAO airdrop, regardless of whether or not they were in the April 17th snapshot.
(**Note: providing liquidity on a trading pair comes with the risk of impermanent loss, make sure that you understand this concept and its risks before engaging in liquidity provision.)
To provide liquidity for the AGIX-WETH pair, use the following link –
https://app.uniswap.org/#/add/v2/ETH/0x5B7533812759B45C2B44C19e320ba2cD2681b542
You may need to click ‘Connect a wallet’ in the top right corner, and unlock MetaMask (or other Web 3.0 browser such as Wallet Connect).
If it is your first time using the AGIX token on Uniswap, click ‘Import token’ to allow Uniswap to interact with that token.
Enter the amount of liquidity you wish to provide:
Finally, click ‘Approve AGIX’, and you will be prompted via Metamask to allow the site to spend tokens.
Congratulations! You are now a liquidity provider. Anyone who is providing liquidity in this pool as of June 18, and who registers on the Airdrop Registration Portal, will be able to claim the June SDAO airdrop.
