This article will discuss Part II of our Tokenomics along with more details on Delegator Airdrops. The rest of this article will explore what to expect, and how to get involved with our community!
Introduction
Over the past week, we have released our Liquidity ISO, and since then, over 2,500 delegators have staked more than 14,000,000 ADA to our pools: NETA1 and NETA2.
So far, there have been two surprise airdrops announced for our delegators.
We revealed that for the 1st Surprise we took a snapshot of all delegators at the end of epoch 318, and announced we will airdrop an equivalent amount of cNETA to the ADA they had staked.
For example, if you were one of the delegators from epoch 318 and staked, say, 5,000 ADA, you will be airdropped 5,000 cNETA.
For our 2nd Surprise, which was announced last Monday, we will airdrop cNETA to our delegators an amount equal to 50% of the total amount of ADA staked for a period of at least 2 months.
For example, if a delegator stakes 5,000 ADA, and continues to stake this amount for at least 2 months, 2,500 cNETA will be airdropped.
Current delegators to NETA1 or NETA2 will be registered automatically for the 2nd Surprise airdrop from the date they first delegated.
Those who qualified for the 1st Surprise (100% cNETA airdrop) by delegating in epoch 318 will be able to qualify for our 2nd Surprise (50% cNETA airdrop).
We may discontinue this 2nd Surprise in the coming days, weeks, or months, depending on the amount of delegation in our pools. However, until an announcement is made by us, all new delegators to our pools are eligible for this 2nd Surprise airdrop of 50% of total ADA staked.
There will be additional delegator airdrops for those who remain staked for longer than a 2 month period. Details on additional airdrops for staking at least 4 months, 6 months, and one year, will be announced soon.
To calculate cNETA airdrops for each delegator, we will average the amount of ADA staked by each delegator from the day delegation was first made, and we will airdrop cNETA based on that average.
70% Public Distribution
In our original Tokenomics breakdown, we announced 70% of the total NETA/cNETA supply is allocated for Public Distribution.
This 70% Public Distribution will consist of:
- Liquidity ISO (LISO) → 300 million (15% of total NETA/cNETA supply)
- Long-term Delegator Airdrops → 300 million (15%)
- Aneta Wallet Incentives → 200 million (10%)
- Ergo Development DAO → 100 million (5%)
- NETA Liquidity Fund → 100 million (5%)
- Community Airdrop Fund → 100 million (5%)
- Community Team Fund → 20 million (1%)
- To Be Announced → 280 million (14%)
Combined, the above categories compose the total amount allocated for Public Distribution, which is 70% of the total NETA/cNETA capped supply in existence. The remaining 30% is allocated for the core team, advisors, Angel Investors, and Aneta Foundation.
The chart below explains the entire NETA/cNETA token allocation.
NETA Pool Delegator Airdrops
15% of the total NETA/cNETA supply will be allocated specifically for long-term delegators to NETA Pools. This is a total of 300,000,000 NETA/cNETA tokens.
The 1st Surprise and 2nd Surprise, described in the above introduction, are the only Delegator Airdrops announced thus far.
We will announce details of future airdrops to our long-term delegators in the coming weeks and months.
Aneta Wallet
We have allocated 10% of the total NETA/cNETA supply to incentivize early adopters of our soon-to-be-released Aneta Wallet. This is a total of 200,000,000 NETA/cNETA tokens.
NETA Liquidity Fund
5% of the total NETA/cNETA allocations will be injected into the NETA Liquidity Fund.
In the next week, our team will place 50,000,000 NETA and 50,000,000 cNETA into the NETA Liquidity Fund.
The first assets of the 100% community-owned NETA Liquidity Fund is a combined 100,000,000 NETA/cNETA.
At the time of this writing, the combined value of this contribution by anetaBTC into the NETA Liquidity Fund is over $6 million — a value collectively owned by all cNETA and NETA holders.
Final Remarks
We look forward to continuing the development of our core protocol and growing our global community that is fast approaching over 50,000 active members from around the world.
We at anetaBTC are committed to making this world a better place not just for our community but for everyone. Thank you to everyone who has supported us thus far.
More updates will be announced soon.
As each one has received a gift, minister it to one another, as good stewards of the manifold grace of God.
Peter 4:10
