DeFi Kingdoms Expansion to Avalanche — $Crystal Airdrops and Gen0 Raffles Leading Up to Expansion
Nothing in this article is intended to be financial advice and is strictly for informational purposes. The thoughts expressed herein are my own and not indicative of the views and opinions of the official DeFi Kingdoms team.
Last Updated January 28, 2022 (In connection with the third round of airdrops announced!)
On December 2, 2021, DeFi Kingdoms announced its first cross-chain expansion of the game to the Avalanche blockchain in a realm that will be called Crystalvale and since then has noted that $Crystal, the power token (i.e. $Jewel equivalent on Avalanche) would be obtainable in small amounts via airdrops leading up to launch, via a “seed” phase of single staking Jewel that holders bridge over to Avalanche from Harmony and then subsequently through the same means by which Jewel is currently emitted (e.g. LP pairings).
On January 1, 2022, DeFi Kingdoms provided some details on snapshots for Crystal airdrops that will be occurring during the month of January 2022.
**NEW** On January 22, 2022 Frisky Fox announced even more airdrops of $CRYSTAL (and $JEWEL).
**NEW** On January 28, 2022 Frisky Fox announced another set of airdrops for Crystalvale Gen0 heroes (and some non-Crystalvale related airdrops).
I’ve broken this article into two parts
- The January 1, 2022 Crystalvale Airdrop Announcements [SNAPSHOTS NOW COMPLETE AS OF JAN. 30, 2022 BUT AIRDROP DATE TBD];
- The January 22, 2022 Crystalvale Airdrop Announcements [SNAPSHOTS ONGOING UNTIL Feb. 14]; and
- The January 28, 2022 Crystalvale Gen0 Airdrop Announcement [SNAPSHOTS ONGOING UNTIL Feb. 14].
Summary:
Here is a brief table detailing the estimated total airdrop along with the airdrops per each snapshot period.
The amounts of Crystal (~2M) that will be airdropped are ~1.6% of Crystal’s total 125M supply. It’s not a crazy or game breaking amount, but its also a nice little bonus for those wanting to get some crystal that maybe weren’t planning to single side staking Jewel for Crystal (the first way to stake for Crystal) or LP pairing stake once Crystal and other token pairings go live (which will be after the single Jewel staking phase).
xJewel staking continues to be a double whammy because it qualifies for both Crystal and a Gen0 raffle and in the second snapshot period is a triple whammy due to also receiving Jewel rewards. We’ve already passed the hero holding snapshot period, but now hero levelers and summons have Crystal/Jewel on the table up for grabs until mid Feb.
With the xJewel snapshots — its about average holdings over a period, so they take random snapshots throughout the period and average your holdings, so the earlier you have xJewel in the bank, the more bang you get.
The Announcements:
January 1, 2022
Hey @everyone, it’s so inspiring to see us hit the 50k milestone for community members. We’ve got some exciting things coming up in this new year, and are starting off with more airdrops than we’ve ever done before at the same time. You’ve all waited patiently, so without further ado, here are the details:
# Airdrops for xJEWEL Holders
The Bank has historically been the best way to qualify for Airdrops, and that isn’t changing. We are allocating 600k CRYSTAL to be awarded to xJEWEL holders according to their average holdings between Jan 3, 2022 and Jan 24, 2022. In addition, we will be giving away 25 Shiny Crystalvale Gen 0 Heroes in a raffle for these xJEWEL holders. Players will receive 1 entry for 100 xJEWELs, and 2 additional entries for every additional 100 xJEWELs, according to their average xJEWEL holdings between Jan 3, 2022 and Jan 24, 2022.# Airdrops for Hero Owners Hero owners rejoice!
We will be airdropping CRYSTALs to Hero owners shortly after the launch of Crystalvale according to the following schedule: Common — 1 CRYSTAL Uncommon — 2 CRYSTAL Rare — 4 CRYSTAL Legendary — 8 CRYSTAL Mythic — 16 CRYSTAL We will be taking a snapshot on Jan 21, 2022 for this.# Airdrops for Hero Summoners
Each new Hero summoned from Jan 1, 2022 until Jan 21st, 2022 (EST) will result in 1 raffle entry for the summoner (player) to win a Shiny Gen 0 Crystalvale Hero Crystal. There will be 10 drawings for a total of 10 Gen 0s.# Airdrops for Bridged JEWEL holders on Avalanche
Holders of Bridged Avalanche JEWELs will receive a collective 100k CRYSTAL tokens shortly after the launch of Crystalvale, according to their average Avalanche JEWEL holdings between Jan 3, 2022 and Jan 24, 2022.# Airdrops for JEWEL LP holders in the Serendale Gardens
Staking just became even more rewarding! We’ve gotten many requests to include JEWEL LP stakers in some Crystalvale Airdrops. As such, we will be airdropping a collective 300k CRYSTAL tokens to our liquidity providers who have staked in our gardens, according to their average staked LP holdings between Jan 3, 2022 and Jan 31, 2022.
January 22, 2022
Hey @everyone, I promised more details of the second round of snapshots, and here they finally are…
# Airdrops for xJEWEL Holders Generally
xJEWEL holders not only get to cast votes on important decisions in the game, but they also are the most targeted recipients of airdrops. We generally have at least one airdrop snapshot period going at any given time to incentivize and reward people who place their faith in the future of the project. All while also earning returns on your banked JEWELs in the form of shared dex, garden, and in-game transaction fees.
# Secret Snapshots for xJewel Holders
Back in September, we had a week of daily snapshots that rewarded holders of xJEWELs with various in-game items such as potions, gold, runes, and more. We’re going to be doing another 10 snapshots similar to that format over the next couple of weeks.
Prizes will be announced after the snapshots (making them a sort of secret snapshot). These snapshots are exciting because they reward anyone who holds over a set amount of xJEWELs with items, meaning lots more winners.
That round of secret snapshots will begin on Jan 24, 2022, and we will be announcing the details of each of those as they are taken.
# JEWEL/CRYSTAL and Gen 0 Airdrops for xJEWEL Holders
We are allocating an additional 600k CRYSTAL and 400k JEWELs to be awarded to xJEWEL holders according to their average holdings between Jan 24, 2022 and Feb 14, 2022.
In addition, we will be giving away an additional 25 Shiny Crystalvale Gen 0 Heroes in a raffle for these xJEWEL holders. Players will receive 1 entry for 100 xJEWELs, and 2 additional entries for every additional 100 xJEWELs.
# JEWEL/CRYSTAL and Gen 0 Airdrops for Hero Levelers
Hero levelers rejoice! We are going to be airdropping 5 Shiny Gen 0s to the top 5 highest level heroes at a snapshot point on Feb 14, 2022. We will be giving 100 CRYSTALS and 100 JEWELs to the next 5 runner ups, and 50 to the following 10.
We will also be awarding 1 CRYSTAL AND 1 JEWEL to players for each Hero level above 1 amongst heroes that they own. So if you have a level 3 Hero and 4 level 2 Heroes, you would get 2 + 4 = 6 CRYSTALs and JEWELs. We want to incentivize people to level those heroes up and get ready for the higher level quests and combat that are coming.
# JEWEL/CRYSTAL Jackpot for Hero Summoners
Each new Hero summoned from Jan 21, 2022 until Feb 11, 2022 (EST) will result in 1 raffle entry for the summoner (player) to win a cache of CRYSTALs and JEWELs. There will be 100 drawings and each winner will receive 100 JEWELs and 100 CRYSTALs.
Discord Link
Hey @everyone, it’s a new announcement!
We just launched Land on beta last night, along with the airdrops for the lucky 51 winners of the land snapshots. We are working hard on the Land Auction functionality, and it is almost ready to go! In the mean-time, we’ve decided to give our newer players a chance to earn some land as well.
The airdrop for Gen 0s for Heroes for the first heroes to hit level 10 was a huge success, so we’ve decided to do a few more.
1. We want to include more people who have higher level heroes in an airdrop raffle. So, all heroes who get to level 10 before Feb 21, 2022, will be entered into a raffle to win 10 Crystalvale Gen 0s. The 5 Gen 0 winners from the other snapshot will not be eligible for this, as they have already won.
2. We also want to give new players a chance to win some things, so we’ve decided to bring back the hero summoning raffle. All new heroes summoned between Jan 20, 2022 (Hero #100,000) and Feb 14, 2022 will be entered into a raffle to win one of 5 lands. They will get 1 additional entry for each level they attain before the end of the snapshot.
3. Finally, we are bringing back the secret snapshot airdrops for xJEWEL holders. We will be taking 7 secret snapshots every few days between Feb 1, 2022 and Feb 21, 2022 to award xJEWEL holders with items, equipment, and more. Prizes will be announced after the snapshots are taken, and will range in how many items are awarded based on how many xJEWELs are held.
Thanks everyone, and happy questing!
@everyone To clarify #2, whoever OWNs the heroes at the end of the snapshot are the ones who get the entries. So if you buy a hero who was summoned during the snapshot, you will get the entries, not the player who summoned them. Heroes with ID 100,000 and up will be entered
Important Facts
- As mentioned on the prior AMA’s and my prior article on how the DeFi Kingdoms expansion to Avalanche is good news for everyone, the airdrops will be only a small portion of the Crystal distribution, with the vast majority being distributed via Crystalvale gardens (similar to Serendale’s distribution of Jewel). This will take place first via single sided staking in what the Dev’s have referred to as a “seed phase” followed by tradition two token LP pools.
- Crystal will have 1/4 the supply of Jewel. Jewel has a total supply of 500M, so Crystal will have 125M.
- The announced airdrop here accounts for roughly 1.6% of the total fully diluted Crystal supply (see tables above).
- To put this into perspective — it would have taken 5 epochs (5 weeks) for Serendale (Harmony) to have emitted 1.6% of Jewel’s total supply in unlocked Jewel.
- This airdrop is sizeable enough that it will be comparable to the emissions for the first few Epochs of the Crystalvale staking, so its more than just a nominal amount.
January 1 — January 24, 2022 Snapshots:
1. Crystal Airdrop and Gen0 Raffle for xJEWEL Holders
The Bank has historically been the best way to qualify for Airdrops, and that isn’t changing. We are allocating 600k CRYSTAL to be awarded to xJEWEL holders according to their average holdings between Jan 3, 2022 and Jan 24, 2022. In addition, we will be giving away 25 Shiny Crystalvale Gen 0 Heroes in a raffle for these xJEWEL holders. Players will receive 1 entry for 100 xJEWELs, and 2 additional entries for every additional 100 xJEWELs, according to their average xJEWEL holdings between Jan 3, 2022 and Jan 24, 2022.
^Samichpunch Notes:
- This one is a double whammy — you can get Crystal and then also have a chance at a Gen0 raffle.
- The Crystal airdrop will just be pro rata based on your % of the bank, meaning that you will get diluted and receive less and less as more and more people join the bank via xJewel, but the amount of xJewel used for your pro rata percentage will be based on an average 3 week holding.
- The Gen0 Raffle will be available for all wallets, big and small, with a threshold of only 100x Jewel. Like the land and amulet snapshots, this is a snapshot over several weeks, so you’ll want to have as much xJewel as you can during the entire time during the first 3 weeks of January. Remember that you need to stake on an average amount of the entire period, so you don’t want to just load your xJewel balance at the end of the period, you want as much as you can as early as you can in your wallet if this is your preferred approach.
- This 100xJewel threshold is much lower than the prior Gen0 snapshot.
- Before you start liquidating all your gardens to move into the bank, keep in mind that the allocation of Crystal for bank and garden stakers is relatively small compared to how much will likely be emitted once single sided staking and LP pair staking opens later in the year. You’ll want to do some math on what makes most sense, for example, you might be better off just farming away in the gardens and stacking more and more Jewel in anticipation of bridging it over for the Crystalvale single sided staking.
2. Crystal Airdrop for Hero Owners
We will be airdropping CRYSTALs to Hero owners shortly after the launch of Crystalvale according to the following schedule: Common — 1 CRYSTAL Uncommon — 2 CRYSTAL Rare — 4 CRYSTAL Legendary — 8 CRYSTAL Mythic — 16 CRYSTAL We will be taking a snapshot on Jan 21, 2022 for this.
^Samichpunch Notes: I love the structure of this airdrop, not only does it reward people playing the game and holding on to their heroes (which should also impact hero prices positively), but you can’t be diluted in this method. In the bank or the gardens, if you have giant whales come in and dump some serious amounts in the bank and gardens, then those additional amounts will dilute your pro rata percentage of the bank/gardens, as applicable. Here, however, you get a flat amount of Crystal per hero.
Doing some back of the napkin math and floor prices of heroes and how much Crystal we’d get from holding the hero on Jan 21, 2022 compared to putting that money in the bank or gardens and waiting for your pro rata portion of the xJewel and gardens Crystal airdrop, it appears that other than a common hero at a floor of 28J that only gets 1 crystal per would not yield as much crystal as simply putting that 28J in the bank. That disparity and arbitrage opportunity maximizes in the floor rare hero card range, and then tapers off as you get into legendary and mythic, but again, all rarities other than common seemed to indicate that by holding the hero you’d have more crystal from the airdrop that the gardens.
Again — my favorite thing here is that you can’t get diluted, but I’m obviously spreading my funds across all baskets and trying to participate in airdrop in all of the categories.
Lastly — the devs have noted in discord that the 1/21/22 snapshot it based on true ownership — meaning that if you have a hero for sale, you won’t have to delist them even though its technically in the tavern wallet.
Based on 80,843 heroes as of 12/27/21, a conservative weekly growth rate of 6.5% (based on Mr. Zipper’s last report), we could assume there will be 97K heroes by 1/21/22. The breakdown of heroes by rarity so far has been 51% common, 28% uncommon, 16% rare, 3.8% legendary and 1.3% mythic. Based on the Crystal allocations to each, we could assume that about ~216k Crystal will be allocated.
3. Gen0 Raffle for Hero Summoners
Each new Hero summoned from Jan 1, 2022 until Jan 21st, 2022 (EST) will result in 1 raffle entry for the summoner (player) to win a Shiny Gen 0 Crystalvale Hero Crystal. There will be 10 drawings for a total of 10 Gen 0s.
^Samichpunch Notes: This one is straightforward and not sure there’s much that needs to be said, but keep in mind there are 25 being raffled as well for xJewel holders. So this is another 10 bringing the total to 35 (and remember that 500 will be minted).
This one is really cool because it will breathe some additional life into summoning activity, which helps build the quest reward pool, which helps impact, among other things, the garden profession quest rewards and well as build the quest pool coffer for rewards once PVE and PVP come out later this year.
This is a really genius method and is in line with what they said earlier about trying to make this accessible to all wallets. This opens up a bucket for people who may not be able to afford a Gen0 ever, but could pay a 40J summon fee and was planning to do so already.
4. Airdrops for Bridged JEWEL holders on Avalanche
Holders of Bridged Avalanche JEWELs will receive a collective 100k CRYSTAL tokens shortly after the launch of Crystalvale, according to their average Avalanche JEWEL holdings between Jan 3, 2022 and Jan 24, 2022.
^Samichpunch Notes: This one is also pretty simple, but you simply need to have Jewel in an AVAX wallet that has been bridged over from Serendale.
Check out the guide made by Albus for details on how to bridge from Harmony to Avalanche.
For purposes of what will count, its any bridged Jewel held in an Avalanche wallet, AS WELL AS any Jewel in the Pangolin Jewel-AVAX pool.
5. Airdrops for JEWEL LP holders in the Serendale Gardens
Staking just became even more rewarding! We’ve gotten many requests to include JEWEL LP stakers in some Crystalvale Airdrops. As such, we will be airdropping a collective 300k CRYSTAL tokens to our liquidity providers who have staked in our gardens, according to their average staked LP holdings between Jan 3, 2022 and Jan 31, 2022.
^Samichpunch Notes: This is an interesting one, because normally the gardens haven’t been eligible for any types of airdrops, its always been just for xJewel holders, and that’s partly because of the way defi/governance work. That being said, this time the LP stakers will qualify for Crystal airdrops!
A couple of questions that will need to be clarified by the Dev team are whether this will be ANY incentivized (i.e. receiving Jewel emissions) LP pool on Serendale or if it will only be ones that have a Jewel pairing (i.e. unclear whether a ONE/ETH pool would qualify). Another question is whether it will be based off of Jewel held in the LP token or based on dollar value compared to the rest of the pool.
Lastly one clarification, Bolon Soron noted in Discord that stakers in the Jewel/AVAX pool an Pangolin dex will qualify as part of the “bridged Jewel” bucket it seems.
January 24— February 14, 2022 Snapshots:
1. Secret Snapshots for xJewel Holders
Back in September, we had a week of daily snapshots that rewarded holders of xJEWELs with various in-game items such as potions, gold, runes, and more. We’re going to be doing another 10 snapshots similar to that format over the next couple of weeks.
Prizes will be announced after the snapshots (making them a sort of secret snapshot). These snapshots are exciting because they reward anyone who holds over a set amount of xJEWELs with items, meaning lots more winners.
That round of secret snapshots will begin on Jan 24, 2022, and we will be announcing the details of each of those as they are taken.
^Samichpunch Notes: Not much to say here — this is just a little extra cheddar on top if you are on the fence between maybe allocating funds to xJewel or one of the other methods for Crystal airdrops. Keep an eye on the xJewel holder list and my whale watch reports to see how big the xJewel top wallet holdings are.
2. JEWEL/CRYSTAL and Gen 0 Airdrops for xJEWEL Holders
We are allocating an additional 600k CRYSTAL and 400k JEWELs to be awarded to xJEWEL holders according to their average holdings between Jan 24, 2022 and Feb 14, 2022.
In addition, we will be giving away an additional 25 Shiny Crystalvale Gen 0 Heroes in a raffle for these xJEWEL holders. Players will receive 1 entry for 100 xJEWELs, and 2 additional entries for every additional 100 xJEWELs.
^Samichpunch Notes: Surprisingly, they added a Jewel airdrop to this as well, so the rewards just went up even more, otherwise, its pretty much the same as the Jan 1 — Jan 24 snapshot.
3. JEWEL/CRYSTAL and Gen 0 Airdrops for Hero Levelers
Hero levelers rejoice! We are going to be airdropping 5 Shiny Gen 0s to the top 5 highest level heroes at a snapshot point on Feb 14, 2022. We will be giving 100 CRYSTALS and 100 JEWELs to the next 5 runner ups, and 50 to the following 10.
We will also be awarding 1 CRYSTAL AND 1 JEWEL to players for each Hero level above 1 amongst heroes that they own. So if you have a level 3 Hero and 4 level 2 Heroes, you would get 2 + 4 = 6 CRYSTALs and JEWELs. We want to incentivize people to level those heroes up and get ready for the higher level quests and combat that are coming.
^Samichpunch Notes: Finally, an airdrop for those that have been leveling up their heroes! I’m pretty excited about this one. I estimated that about 133k Crystal will be airdropped through this method, which is about 100k less than I expect to be airdropped via the Jan. 21, 2022 Hero holding snapshot. However, this will be 133k Crystal AND 133k Jewel, and my hypothesis (and the Team’s indications of what they expect to eventually happen) is that the price of Jewel and Crystal ultimately gravitate towards each other (see my article on the AVAX expansion here for more details), so I almost view this as a 2x crystal airdrop (not really, but you get the point). With schvas runes currently hovering around 1J, and the fact you get 1 Crystal and 1 Jewel for every level after lvl 1, the airdrop alone will cover the costs of your runes (for the most part).
4. JEWEL/CRYSTAL Jackpot for Hero Summoners
Each new Hero summoned from Jan 21, 2022 until Feb 11, 2022 (EST) will result in 1 raffle entry for the summoner (player) to win a cache of CRYSTALs and JEWELs. There will be 100 drawings and each winner will receive 100 JEWELs and 100 CRYSTALs.
^Samichpunch Notes: This is similar tot he prior one, however instead of a getting raffle tickets for 10 Gen0’s they’ll be 100 drawings for 100 Jewel and 100 Crystal. Much better odds on this one, but I wouldn’t go out of my way to do expensive summons (ie late generations) JUST to get tickets for this raffle.
On January 28, 2022 — Frisky announced a raffle for 10 more Crystalvale Gen0’s for people who level up their heroes to lvl 10 by the end of the snapshot period. The only thing i’ll say on this is that YOU HAVE TO BE THE OWNER OF THE SUMMONED HERO AT THE END OF THE SNAPSHOT PERIOD TO GET CREDIT FOR THE SUMMON! IF YOU SELL A SUMMONED HERO, THE PURCHASER OF THE SUMMON (IF THEY HOLD IT AT THE END OF THE SNAPSHOT PERIOD) WILL BE THE PERSON WHO GETS CREDIT FOR IT.
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Please give this a clap and drop a comment if you have any thoughts or view things differently. I love to hear other people’s views, especially when they aren’t the same as my own.
Check out my Index of Samichpunch DeFi Kingdoms Articles for a list of all of my other articles. You should definitely bookmark this index. Follow my medium account to get updates when they go live!
