Airdrop Announcement: $GANJA Airdrop to $SOLO Holders

Ganja Laboratory
3 min readMay 10, 2023

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We are thrilled to unveil a remarkable opportunity for all $SOLO token holders. Prepare yourself for an upcoming airdrop of $GANJA tokens, this airdrop is designed to show our gratitude to be listed on Sologenic IDO Launchpad. Read on to discover the details for this highly anticipated event.

Airdrop Distribution Date and Time:

The airdrop distribution is scheduled to take place on July 31, 2023, at 12:00 PM UTC. We encourage participants to ensure their eligibility and have their self custody wallets ready to receive the airdrop at the designated time.

To be eligible for the airdrop, you must meet the following criteria:

  1. Hold $SOLO Token and have added $GANJA’s trustline: Only individuals who hold $SOLO Tokens and have added $GANJA’s trustline to their wallets will qualify to receive the airdrop. This requirement ensures that participants are actively engaged with both tokens.
  2. Exclusion of exchange and non-personal wallets: Wallets associated with exchanges, Sologenic, or other non-personal wallets will be excluded from the airdrop. Our aim is to prioritize individual users and incentivize self custody practices.
  3. Self custody wallet requirement: As part of our commitment to promoting self custody, we will only distribute the airdrop to users who hold $SOLO Token in their own self custody wallets. This includes wallets such as XUMM, SOLO Dex App, and Ledger Devices. By encouraging self custody, we empower individuals to have full control and security over their assets.

Please ensure that you meet the eligibility criteria to participate in the airdrop. We appreciate your understanding and support as we strive to create a fair and inclusive distribution process.

Airdrop Calculation Details:

The airdrop ratio will be determined by dividing the total number of $GANJA tokens allocated for the airdrop by the sum of $SOLO token holdings across all eligible addresses at the Distribution. With a total of 20,000,000,000 $GANJA tokens to distribute.

Example:

Let’s consider a hypothetical situation where the total sum of $SOLO token holdings across eligible addresses is 100,000,000. Applying the airdrop ratio calculation (20,000,000,000 divided by 100,000,000), each $SOLO token holder would receive 200 $GANJA tokens. This means that for every $SOLO token held, you would receive 200 $GANJA tokens as part of the airdrop. Therefore, if you hold 100,000 $SOLO tokens, you would be eligible to receive 20,000,000 $GANJA tokens in the airdrop.

Please note that the actual airdrop ratio may vary and will be calculated at the time of the Distribution. We encourage you to stay tuned for further updates on the official airdrop distribution dates and instructions.

Disclaimer: The calculations and scenarios provided in this article are hypothetical and subject to change based on the final airdrop calculations. The actual airdrop ratio and token values may differ at the time of the Distribution. It is recommended to refer to official announcements and project updates for the most accurate information.

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Ganja Laboratory

Ganja Laboratory ($GANJA) - a blockchain-based ecosystem for the cannabis industry, leveraging XRPL for end-to-end solutions.