Introducing Acrechain to the Cosmos Ecosystem — The $AFT Token Airdrop
The first Acrechain airdrop for the Cosmos Ecosystem
Acrechain is excited to announce its entry into the Cosmos Ecosystem by kickstarting the first airdrop of $AFT tokens to the delegators of $ACRE on Acrechain. This is a significant step for the platform as it looks to expand its reach and introduce new ways of DeFi to its community. The $AFT token will be distributed to delegators of $ACRE and will be used to incentivize the growth of the Acrechain ecosystem and spread new opportunities for the community.
What is $AFT?
The Revenue Share Token will be used to distribute revenue generated from Acrechain’s various products, such as derivatives v1 and v2 on Acrechain and third-party chains, voting power lending, and products built by third parties that provide revenue share to Acrechain. A portion of all of Arable’s sales is represented by this dividend-paying asset known as the $AFT token. This means that regardless of the blockchain on which money is generated, each $AFT token will receive a piece of Arable’s revenue, giving holders of the token a genuine dividend.
$AFT Airdrop Details
In total, 25,000 $AFT tokens will be distributed, with 2,000 reserved for the airdrop and 8,000 for sale to the public, and the remaining 15,000 held by the team.
For the following ten months, 200 $AFT tokens will be issued each month. Each delegator will receive an equivalent number of tokens based on the percentage of $ACRE they have delegated relative to the total amount of $ACRE delegated.
A.Token Details:
Ticker: $AFT
Total Supply: 25,000
B. Eligibility for $AFT Airdrop
The first 200 $AFT will be distributed starting from February 2023, with a snapshot taken on the first week of each month. The Revenue Share Tokens will be distributed within 15 days of each snapshot, with the Foundation wallet excluded from this process.
You must delegate $ACRE on Acrechain in order to be eligible for the airdrop. You can accomplish this by taking these quick actions:
- Access https://frontier.osmosis.zone and purchase some $ACRE
You can use either $ATOM/$OSMO to buy $ACRE
2. Navigate to the Assets section on the left-hand side
3. Look for Acre and select Withdraw
4. Connect your Keplr wallet to Acrechain by approving the Connection Transaction approval
5. Input the desired amount of $ACRE to be withdrawn and initiate the transfer of your $ACRE by clicking on Withdraw ACRE
6. Once the transfer is finished, visit https://cosmosrun.info/acre-mainnet/staking
7. Choose a validator to delegate to (for decentralization purposes, consider delegating to smaller validators) and click on Delegate
8. Make sure to connect your Keplr by clicking on Connect Wallet
Click Next on the next window and follow through the Keplr transaction approval
Input your Account Name and make sure you have Acrechain ticked and again click Next and Save
9. Go back to https://cosmosrun.info/acre-mainnet/staking and click on Delegate once again
10. Input the desired amount of tokens to be staked and click on Send. Approve all Keplr Transaction approval
11. Once successful, the window below will appear
12. Go to https://cosmosrun.info/acre-mainnet and the amount you staked should reflect on the Staking portion
That concludes the guide! You are now qualified for the $AFT airdrop!
Acrechain is taking a leap forward and entering the Cosmos Ecosystem by airdropping $AFT tokens to the delegators of $ACRE on its platform! This airdrop is one of the major steps towards growing the Acrechain ecosystem and a fantastic opportunity for the community to learn more about it. By following the simple steps outlined in this article, you can be eligible for the airdrop and reap the benefits of being a part of the Acrechain ecosystem. So don’t wait, join the Acrechain community now and take advantage of this amazing opportunity and discover new ways of DeFi!
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