Dive into the Liquidity Minting Competition: A Golden Opportunity for DePIN Enthusiasts

In the vibrant landscape of decentralized finance, liquidity stands as the backbone of every protocol, facilitating efficient trading, tighter spreads, and enhanced risk management. As we celebrate our mainnet launch, we proudly introduce a groundbreaking Liquidity Minting Competition, presenting a monumental reward of 25,200,000 veLOXO tokens (equivalent to 35% of the initial supply) to dedicated liquidity providers. This isn't merely an event; it's your golden ticket to become an early stakeholder in our revolutionary DePIN ecosystem.

Benefits for Participants on Liquidity Minting Competition for DePIN protocols and individuals alike:

This competition welcomes both individuals and DePIN protocols, offering straightforward rules for engagement. Participants simply provide liquidity to the protocol and stake their LPs for an opportunity to win veLOXO tokens.

Key Details:

• Total Reward: 25,200,000 veLOXO tokens (from an initial supply of 80M)

• Phase 1: 10% allocated one month from mainnet launch

• Phase 2: 25% distributed over 18 months, with hourly snapshots and per-epoch claims

• Up to 70% distributed per epoch as weekly rewards based on pool votes (1,600,000 tokens per epoch)

Duration

15th,May - 16th, June

Click here to participate in the airdrop campaign: https://dapp.loxodrome.xyz/loxoairdrop

The Airdrop Mechanism

The airdrop mechanism takes snapshots on an hourly basis to check your liquidity value randomly. Hourly snapshots distribute rewards based on LP value proportion, accumulating total rewards accordingly during the competition.

Note: The more liquidity value you add, the more airdrop you will be allocated in the liquidity minting competition

The airdrop of distribution per pool

To make the airdrop fairer and prevent whales from receiving the majority of the airdrop, we have set a hard cap on the airdrop amount that each pool can receive. LPs can choose which pool to maximize their earnings based on their strategy. The value of each pool changes in real-time during the liquidity competition, allowing LPs to decide where they should put their liquidity

Understanding the Power of veLOXO and why is it so valuable?

veLOXO is an ERC-721 governance token, representing a non-fungible token in the form of a NFT, it is used for governance purposes within the protocol.

veLOXO Utility

• Protocol revenue access: veLOXO holders can vote for gauges on a weekly basis, and access up to 95% and 100% of the bribes for the associated pool.

• Governance participation: veLOXO holders can partake in governance and cast votes for the protocol improvement proposals.

veLOXO voters receive:

• Up to 95% trading Fees: Trading fees generated by the pool(s) they vote for

• 100% Bribe Power: Bribes deposited for the pools they vote for

• Weekly veLOXO distribution (rebase)

• 7% Weekly LOXO Emission: 7% share of the weekly LOXO emissions, ensuring a steady stream of passive income.

• Governance Rights: Exercise your governance rights to vote on pools and drive Liquidity + emissions in the protocol

How to get veLOXO?

1. Airdrops: Participation in providing liquidity, Stake LoxoNFT, Voting

2. Lock LOXO tokens: The lock period of LOXO tokens determines the amount of veLOXO voting power received, with longer lock periods yielding more voting power.

• 1 $LOXO locked for 2 Years = 1 $veLOXO

• 1 $LOXO locked for 1 Year = 0.5 $veLOXO

• 1 $LOXO locked for 6 months = 0.25 $veLOXO

• 1 $LOXO locked for 2 Weeks = 0.02 $veLOXO

Longer Lock = Higher Voting Power

In conclusion, the Liquidity Minting Competition is an exciting opportunity for anyone interested in decentralized finance and the DePIN protocol. With the chance to win a share of 25,200,000 veLOXO tokens and the potential for passive income.

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