Phase 1 of Bucket Leaderboard Concludes, Airdrop-Eligible Addresses Revealed
TL ; DR
- The Bucket Leaderboard, which has been active for 57 days, has gathered nearly $1 million in total value locked (TVL). The initial phase is now wrapping up, scores will stop accumulating since 25 Aug.
- A total of 414 addresses have achieved scores exceeding 100. These addresses will receive NFT Pass and gain direct eligibility for the upcoming Leaderboard phase. Those not included in this list will not be eligible for future airdrop opportunities.
- Bucket is advancing to its next stage, which involves incorporating additional protocols, introducing Sui liquidity, and laying out preparations for the forthcoming phase of the leaderboard.
What is the plan for the accumulated scores ?
The purpose of the Leaderboard is to record those who participated early in the protocol and to provide a basis for future airdrop rewards.
Since August, on-chain data reveals that around 60,000 addresses have deposited minuscule amounts, as low as $0.01, into the Tank, engaging in what are known as Dusting Attacks.
This conduct not only failed to contribute positively to the protocol but also led to the consumption of network resources, contradicting the intended purpose of the leaderboard.
Hence, during the filtering process, we will rigorously exclude addresses showing any signs of score manipulation.
Prior to formalizing the new regulations, the team has opted to assess addresses that have engaged with the protocol within the last 56 days. Following this initial evaluation, 414 addresses have met the criteria and are set to receive an NFT certificate.
Settlement List and Method
- To join the first phase airdrop, your address score must exceed 100.
- Following an initial screening process, 414 addresses have met the criteria and will be eligible for the future airdrop token.
- Leaderboard will stop accumulating from 25 Aug.
- Your present score doesn’t directly determine future airdrop amounts. Instead, it reflects your historical contributions.
- Wondering if you made the cut? Verify your eligibility and accumulated score on Leaderboard Phase 1.
Summary
Bucket has come a long way in a short time, thanks to the support of its community, Sui ecosystem partners, and the Sui foundation. In just 56 days, it’s evolved into a million-dollar protocol, and there’s no stopping here.
Bucket is gearing up for the next phase, set to kick off in the new quarter. The plan? To integrate more protocols, release Sui liquidity, and open doors to exciting possibilities within the Move ecosystem, including DeFi and NFTs.
Future Focus
As Bucket enters this new phase, some adjustments are in store for the scoring rules (Leaderboard). These changes aim to align with the project’s evolving direction and goals.
- Bucket values its early contributors. To show appreciation and recognition, they’re preparing a list of these dedicated individuals who’ve been part of the journey from the start.
- The first phase of statistics and screening will place added weight on these early participants.
- Looking ahead, as the protocol advances and Sui liquidity incentives come into play, the focus will shift towards rewarding long-term, consistent participants who actively contribute liquidity to Bucket.
FAQ | Why Am I Not on the List?
First, review whether your address has deposited assets totaling more than $10 USD for over 10 days. If not, your score likely won’t exceed 100, and you won’t meet the criteria for the phased reward list.
If you’re sure that your deposits exceed $100 USD for more than 2 days, reach out to the official staff via Discord. Provide your address and a screenshot of your Bucket transaction ID, and they’ll promptly assist you in confirming your eligibility.
When will the phase start? What are the rules?
Finally, what everyone’s been waiting for — when does the next phase begin, and what are the rules? The new scoring scheme is expected to be officially unveiled between September and October.
Brace yourself for support for new collateral, increased Sui incentives for liquidity providers, and the continued importance of creating positions and staking LP.
Stay tuned for more updates on the exciting journey of Bucket!
