3rd Claimdrop: Rewards for BLACK and INJ Stakers

Black Panther Finance
3 min readJun 24, 2024

--

https://blackpanther.fi/

The much-anticipated 3rd Claimdrop is here, bringing exciting rewards for both BLACK and INJ stakers. As part of our commitment to fostering a thriving and engaged community, we are thrilled to announce this claimdrop event, designed to reward our loyal stakers.

We are thrilled to announce that a total of 80M BLACK tokens (10% of our token supply) will be distributed to our community.

Whether you’re staking BLACK or INJ, this claimdrop offers you an excellent opportunity to earn more tokens and maximize your participation in our ecosystem.

Claimdrop Details for BLACK Stakers

BLACK stakers play a crucial role in protocol governance and shaping the future of Black Panther. To show our appreciation, we have structured the claimdrop to provide substantial rewards to those who have been actively staking BLACK tokens. Here are the key details:

  • Eligibility: All users who have been staking at least 10 BLACK tokens.
  • Snapshot Date: The snapshot of eligible stakers will be taken on 26th June 2024.
  • Distribution Amount: A total of 48M BLACK tokens will be distributed among eligible stakers.
  • Calculation Method: The rewards will be distributed proportionally based on the daily average amount of BLACK tokens staked by each participant.
  • Claim Period: Eligible participants will have a 3 month window to claim their rewards, starting from 28th June to 30th September 2024.

Claimdrop Details for INJ Stakers (Validator & Hyper Staking)

To thank everyone who have staked INJ with our validator directly or through our hyper staking vault, INJ stakers will also be rewarded in this claimdrop event. Here’s how it works:

  • Eligibility: All users who have been staking at least 10 INJ tokens with Black Panther’s validator or deposited at least 10 INJ into our Hyper Staking vault. Note that for hyper staking, users need to have staked their blackINJ tokens in the incentive contract to be considered for the claimdrop.
  • Snapshot Date: The snapshot of eligible stakers will be taken on 26th June 2024.
  • Distribution Amount: A total of 32M BLACK tokens will be distributed among eligible INJ stakers.
  • Calculation Method: Stakers will be divided into 5 tiers based on daily average amount of INJ staked.
  • Claim Period: Eligible participants will have a 3 month window to claim their rewards, starting from 28th June to 30th September 2024.

After users have claimed their BLACK, the BLACK tokens will be automatically staked so they start earning staking rewards immediately.

Conclusion

The 3rd Claimdrop is a testament to our ongoing efforts to reward our dedicated community members. Whether you are staking BLACK or INJ, this claimdrop offers a unique opportunity to earn additional tokens and enhance your participation in our growing ecosystem. Don’t miss out on your chance to claim your rewards and continue supporting our protocol.

Stay tuned for future updates and claimdrop events. Thank you for being a part of our journey and contributing to the success of Black Panther.

--

--

Black Panther Finance

The asset management protocol that helps you achieve superior returns.