Please note this is an archived post from Dec 17, 2021 migrated from Medium.com
We’re raising our glasses to you early supporters, and we are happy to announce the upcoming APW Token Genesis Airdrop to eligible users who enjoyed a sampling of the APWine Alpha — Beta testing rounds and/or Liquidity Bootstrapping Event.
The Airdrop was initially planned as an essential distribution to help achieve the decentralized vision of APWine, and community and liquidity are paramount to the success of any DeFi platform. For reference, the Airdrop and Tokenomics were first announced here. Current APW holders and all airdrop recipients are encouraged to lock their APW in the governance portal, which is live right now!
In general, the locking framework is similar to the tried and true Curve Finance model, which has sustainably aligned stakeholders, liquidity providers, and users with their well-planned approach.
Voting power allows users to participate in governance, including but not limited to the ongoing Winelisting. Users can select their lockup parameters (1 week to 2 years) through veAPW and reserve governance voting power to support the asset(s) they wish to be added to the AMM. The longer users lock their APW, the more voting power is granted. Locked APW cannot be unlocked until the duration of the chosen period has finished. Users can extend the lock during the selected period or add additional APW.
Vote in the Winelisting!
Users who claim the Airdrop can use their APW to vote in the first of many Winelisting event(s) ongoing right now! Hurry, as the Winelisting ends Dec 21, 2021, at 12:00AM CET.
$APW Airdrop
The “Claim” feature in the governance portal is now live. Depending on the market price of APW at the time of deployment, the exact amounts and weights will vary. The total APW allocated for the Airdrop is 588,430 representing 1.18% of the total supply.
Eligibility Criteria:
- Addresses that interacted with the APWine Alpha, Beta, and Liquidity Bootstrapping Event
- Of the Liquidity Bootstrapping Pool contributors, only those who did **not **sell their APW before block 12480000 (approximately 48 hours) are eligible to claim the Airdrop.
- Select (i.e., hand-picked) community members who helped test previous iterations of the platform have been made eligible to claim the Airdrop.
- There is a 1-month claiming period. After one month, a 25% reduction is applied every two weeks to the claimable amount.
- 50% of the Airdrop will be staked and locked in governance for six months to encourage participation in governance and grow the community.
About APWine
APWine is the pioneering protocol for tokenized yield in Web3. Users can leverage the protocol to fix interest rates, speculate on APR evolution or receive future yield in advance (even today).
Build the APWine City with us and connect with fellow Winemakers via: