40,000,000 $FUL
To honor the survivors of November 2022, Fulcrom is about to conduct a giveaway for those who are directly impacted by the FTX collapse. A total of 4,000 users will be benefited, and each can claim 10,000 $FUL on a first-come, first-serve basis!
As specified in our token allocation, we will use our reserve from marketing and ecosystem reserve for this event and give out 40,000,000 $FUL: 20% claimable on VVS Finance immediately and 80% on Fulcrom with a 8 months vesting schedule
Why Defi
- Decentralisation
- Greater transparency
- Lower fees
- Accessibility
- Innovation
Fulcrom is a decentralised, secured, and user-friendly perpetual exchange platform for you to do on-chain leverage trading with no expiration date. Trades are initiated with user’s collateral and are supported by a multi-asset pool — Fulcrom Liquidity Pool (“FLP”), that earns fees from automated market making, swap fees and leverage trading.
Our users can be both traders and FLP liquidity providers (counterparty of all trades) in which you will be sharing the protocol revenues generated from trading activities.
On the other hand, you can also stake our tokens: FLP, FUL, and esFUL to earn yields. It is important to understand where the yields are coming from so we made a flowchart to help you understand better.
Join Fulcrom and allow yourself to have greater control of your own assets.
Details
Who is qualified
- Any 0x-based wallet that has interacted and made deposits of more than $100 to FTX public hot wallets
- Wallet age older than 9 months (older than FTX crash)
The distribution is split in two phase, see details and respective requirements below
How to participate
We will take snapshots to combine a list of wallets that had deposited into the FTX hot wallets for more than $100 usd 9 months ago
- We will scan wallets who have interacted with known FTX hot wallets on Ethereum, Binance Smart Chain, Polygon, and Avalanche.
Disclaimer: it would be impossible to capture all the wallets impacted, our methodology is certainly not perfect, but this is our team’s best effort to make it as fair as possible. WGMI!
- 4,000 users will benefit from this campaign
- Fulcrom will announce a list of eligible wallets.
If you are qualified but not in the whitelist, check our announcement and submit your proof through Gleam with the following info (500 additional spots for manual application, first come first serve, and we reserve the right for final decision.
Gleam form link to be announced on 19th Jun, 2023, submit your info:
1/ Wallet address
2/ Txn hash of the wallet depositing FTX hot wallet list
*Wallet age should be more than 9 months old (older than FTX crash)
How to claim
Each participant can claim 10k $FUL with a total overall 40,000,000 $FUL claimable
PHASE 1:
20% claimed immediately for all Whitelisted (FTX) addresses.
- Whitelisted criteria (FTX): EVM wallets who have deposited >$100 into FTX public hot wallet in 2022. Wallet age >9 months old
- First come, first serve. Whitelist does not guarantee the allocation. You will need to commit 1 $CRO to join and claim the $FUL.
- Only if there are more than 2000 claimants within 1 week will we continue the second phase of the airdrop. Help us to get the word out about this FTX care package!
- More details on how to claim on VVS Finance will be shared in a separate article
PHASE 2:
80% distributed @10% monthly based on whitelisted user’s trading activity
- Users who trade more than $10,000 (e.g. ~$400 with 25x leverage or ~$200 with 50x leverage in a given month will be qualified for that month’s claim
- Trading volume is calculated on position opening at that month only. Carryover open position from month to month will not be qualifying.
- And the unclaimed portion will go back to treasury
Any dispute, controversy, difference or claim arising out of or relating to this event shall be referred to and finally resolved by Fulcrom Finance.
Timeline
- 19th June: We will announce the whitelisted wallets on our socials. Stay tuned and check if you are on the list, if not, submit your proof through to get whitelisted
- 19th-22nd June: We will collect additional 500 qualified wallets through [form to be shared]
- 26th-28th June: Check the whitelist UI on VVS
- 29th June 5pm: There will a 1 week period for you to commit 1 CRO on VVS IGO page on a first come first serve basis
- 6th July 5pm: $FUL will be available to claim on VVS IGO page
We have more exciting stuff coming. So stay tuned on our socials.
