SOLO Staking Airdrop Round 1 Explained

SOLO
3 min readMar 25, 2024

SOLOverse is the leading blockchain gaming and social platform on Solana, kicking off their first major staking airdrop. $SOLO7, the native governance token, powers the game and community ecosystem as the core utility token. This is a golden opportunity for users to get in on the ground floor of the SOLOverse genesis — earn juicy rewards while unlocking the gateway to the product experience.

$SOLO7 Token Allocation:

Public Sale (IDO): 3%
Fully unlocked

Investors: 7%
With 20% upon TGE, 1 year linear vesting thereafter

Foundation: 10%

Marketing: 5%
For marketing events, to amplify SOLOverse’s reach and attract more users

Mining: 75%
For mining rewards, it will be distributed to incentivize participation in the SOLOverse ecosystem

Utility of $SOLO7:

Staking: Earn yields by staking $SOLO7 and participate in governance voting

Governance: $SOLO7 holders can submit/vote on proposals that shape platform decisions

In-Game Assets: Hold $SOLO7 to unlock ability to mint rare in-game items/assets

How To Participate In The Airdrop:

SOLOverse Staking Airdrop Guide

Airdrop Rules:

Duration:

4 week airdrop following first-come, first-served

Date: March 26 — April 23, 2024 14:00 UTC+8

Staking Tiers:

Users can stake 500 USDT or 1000 USDT worth of $SOL

Tasks To Earn Airdrop:

  1. Register a SOLOverse account
  2. Deposit SOL into the wallet: We recommend depositing SOL equivalent to more than 500 USDT/1000 USDT into the wallet address.
  3. Create personal Guild and activate account (0.1 SOL) — It is recommended to purchase 30–50 of your own guild’s badges, as their value is expected to increase over time.
  4. Stake chosen 500 or 1000 USDT amount in $SOL
  5. Complete referral task: Invite 50 (500 USDT tier) or 100 (1000 USDT tier) valid users to register and create their own Guilds

Important Notes:

  • If all tasks are completed, the staked funds will be refunded along with an additional $SOLO7 airdrop reward worth 500 USDT or 1000 USDT.
  • If the tasks are not completed, the staked funds will be deducted, but you can still receive $SOLO7 tokens equivalent to the stake.
  • One entry per account, choose either 500 or 1000 USDT staking tier

Reward Distribution

The price of $SOLO7 tokens for the first round of Staking Airdrop activity is calculated at a unit price of 0.4 USDT, with 20% released upon TGE and the remaining 80% linearly vested over 12 months.

Don’t miss this prime opportunity to join the SOLOverse staking airdrop and bear witness to the rise of this GameFi ecosystem! Built collaboratively by the Solana Foundation and partners, SOLOverse is pioneering a novel metaverse realm fusing gaming and social elements. Unlock the Play-to-Earn experience, earn big through gameplay and community influence, and trail-blaze blockchain gaming into an era of inclusion, innovation and passion!

For any questions about the staking airdrop, join our community and reach out to the admins — the team is ready to support you.

Community Telegram: https://t.me/SoloVerse_Global

Learn More:

Website | Twitter | Telegram | Gitbook

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SOLO

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