Greetings, Carmine family! 🌟
Today marks a significant milestone in our journey together as we proudly announce the launch of the $CRM airdrop. This airdrop is not just a distribution of tokens; it's a testament to our community’s dedication, hard work, and unwavering support. Let’s dive into the details of $CRM, $veCRM, and everything you need to know about this exciting event.
The Evolution from $veCRM to $CRM
Over a year ago, we airdropped tokens to 2.5K early users, establishing the DAO and laying the foundation for our long-term vision. These tokens, initially $CARM, have evolved into $veCRM. Now, as part of our continuous growth and development, $veCRM can be converted into $CRM tokens.
What is $veCRM?
$veCRM (voting escrow CRM) tokens are more than just a symbol of your early support. They provide voting power within our governance system and offer economic benefits. Holding $veCRM tokens means you have a say in the decisions that shape the future of Carmine Options AMM. We’re also exploring additional benefits, like early access to new products and reduced fees, to further enhance the value of $veCRM.
What is $CRM?
$CRM is a tradable token that represents a new phase in our journey. While $veCRM is focused on governance and long-term benefits, $CRM is designed for liquidity and active participation in the market. With $CRM, you can trade, stake, and participate in various ecosystem activities, contributing to the dynamic growth of our platform.
Conversion from $CRM to $veCRM
To further engage our community and enhance participation in governance, we offer a flexible conversion mechanism from $CRM to $veCRM based on the staking duration. Here are the conversion rates: 1 month: For every $CRM staked, you get 1 $veCRM (1:1 conversion) 6 months: For every $CRM staked, you get 1.6 $veCRM 1 year: For every $CRM staked, you get 2.5 $veCRM This tiered conversion system incentivizes long-term commitment and active participation in the governance of Carmine Options AMM.
The Airdrop Details
The $CRM airdrop is structured in multiple phases and seasons to ensure a fair and equitable distribution. Here’s what you need to know:
Eligibility
The airdrop is available to a diverse group of participants, including:
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Early users of Carmine Options AMM
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Carmine point holders
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Ambassadors and moderators
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Active community members
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Contributors from platforms like Zealy, Galxe, and Gitcoin
Claiming Your Tokens
Eligible users can claim their $CRM tokens directly on the Carmine website. Simply log in, connect your wallet, and follow the instructions to receive your tokens.
Airdrop Phases and Seasons
This is just the beginning. We’re kicking off with Phase 1 of Season 1, where the initial batch of tokens will be distributed. Phase 2 of Season 1 will follow shortly, including participants from Galxe, Zealy, Mirror, and Gitcoin donors. Stay tuned for updates on future phases and seasons as we continue to grow and expand our community.
The core team will not list the token on any DEX or CEX, but the community is welcome to do so if they wish.
FAQs
Who is eligible for the airdrop? The airdrop is available to early users, Carmine point holders, ambassadors, moderators, community members, and contributors from platforms like Zealy, Galxe, and Gitcoin.
How can I claim my $CRM tokens? You can claim your $CRM tokens directly on the Carmine website. Simply log in, connect your wallet, and follow the instructions to claim your tokens.
What is the difference between $veCRM and $CRM?$veCRM tokens, previously airdropped to early users, can now be converted to $CRM tokens. $CRM is a tradable token, while $veCRM provides voting and economic power within the DAO.
What are the benefits of holding $veCRM tokens? Holding $veCRM tokens gives you voting power in our governance system and economic benefits within the DAO. We’re also rolling out additional benefits like early access to new products and lower fees.
What is the timeline for the airdrop? The airdrop is live now, and eligible users can claim their tokens immediately. This is just Phase 1 of Season 1. Phase 2 of Airdrop Season 1 will be done shortly. Users from Galxe, Zealy, Mirror, and Gitcoin donors will be part of Phase 2. Stay tuned for the latest information.
Why was the airdrop split into different phases and seasons? Splitting the airdrop into phases and seasons allows us to manage the distribution more effectively, ensuring a fair and equitable process. It also keeps our community engaged with ongoing opportunities to earn and participate.
How were the airdrop recipients selected? Recipients were selected based on their contributions to the Carmine Options AMM ecosystem, including trading, providing liquidity, referring new users, and being active community members and contributors.
What should I do if I encounter issues while claiming my tokens? If you encounter any issues while claiming your tokens, please reach out to our support team via our official Discord support. We’re here to help!
How can I convert my $veCRM to $CRM? Head over to the Carmine dApp, connect your wallet and click on the convert button.
**What are the future plans for Carmine?**Carmine has big plans in front of it, including further development of our platform, integration of new features, and ecosystem partnerships. Stay tuned for updates as we roll out new phases and seasons of our airdrop and development roadmap.
How can I stay updated on future airdrops and developments? Stay tuned to our official channels, including our website, Twitter, and Discord, for the latest updates on future airdrops, development progress, and community initiatives.
Looking Ahead
This airdrop is not just an end but a new beginning. It symbolizes our commitment to building a more inclusive and robust DeFi ecosystem. As we march towards decentralization, we’re excited about the future and the incredible opportunities that lie ahead.
Thank you for being an integral part of this journey. Together, we’re shaping the future of decentralized finance. Let’s continue to innovate, collaborate, and achieve great things together!
Stay tuned, stay involved, and let’s build a brighter future for DeFi.
Claim your $CRM tokens now on the Carmine webapp!
Carmine Options serves as an automated market maker, offering the opportunity for anyone to buy and sell options on the Starknet network at a fair price.
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