Season 2 $CATCH airdrop — All details you need to know
It’s here! After several months, the Season 2 $CATCH airdrop campaign is nearing its end. Today, we will go over all the important details to ensure you’re well-prepared for this event.
Season 2 $CATCH airdrop
The entire second campaign has been running in the form of weekly mini-campaigns on the Galxe platform. We now announce that only the tasks for Week 33 and Week 34 will be available. Afterward, special tasks will open, which you must complete to receive the airdrop.
It’s important to note that the Season 2 $CATCH airdrop will have adjusted mechanics. The size of your airdrop depends on the total number of points you’ve earned in the Galxe campaign. Based on the number of points, you will be able to obtain special NFTs that can be exchanged for $CATCH tokens.
There will be five NFTs available in the rarities: common, uncommon, rare, legendary, and mythical. The conditions to obtain these NFTs are as follows:
- Common NFT: at least 3,000 Galxe Points in the SpaceCatch campaign.
- Uncommon NFT: at least 5,000 Galxe Points in the SpaceCatch campaign.
- Rare NFT: at least 7,000 Galxe Points in the SpaceCatch campaign.
- Legendary NFT: at least 9,000 Galxe Points in the SpaceCatch campaign.
- Mythical NFT: at least 10,000 Galxe Points in the SpaceCatch campaign.
After the end of Week 34, special final tasks will open for seven days, which can be completed based on your total points.
In the screenshot below, you can see an example of the Legendary $CATCH NFT. The requirement is at least 9,000 Galxe Points, as mentioned.
In addition, each task will also include an anti-Sybil task from Galxe Web Score, where you need to have a Humanity Level of at least 1. You can achieve this by minting a Galxe ID, which costs 5 USD.
Token Allocation
After the seven-day period for completing the final tasks, it will no longer be possible to obtain these NFTs. Afterward, a claim for these NFTs will be available on the SpaceCatch website, based on what you are entitled to.
Please note that if you have, for example, 9,350 points, you can complete the Legendary, Rare, Uncommon, and Common tasks, earning all these NFTs!
For Season 2, 1,000,000 $CATCH tokens are allocated and distributed as follows:
- Common NFT: 200,000 $CATCH pool.
- Uncommon NFT: 200,000 $CATCH pool.
- Rare NFT: 200,000 $CATCH pool.
- Legendary NFT: 200,000 $CATCH pool.
- Mythical NFT: 150,000 $CATCH pool.
- For all participants: 50,000 $CATCH pool.
Rewards per NFT
- Common: 213,22 $CATCH per NFT
- Uncommon: 246,6 $CATCH per NFT
- Rare: 310,56 $CATCH per NFT
- Legendary: 495,05 $CATCH per NFT
- Mythical: 1327,43 $CATCH per NFT
NFT & Vesting Mechanics
Season 2 airdropped tokens will have a special vesting system. This vesting form was designed to give holders multiple options for handling this airdrop allocation.
Unlike traditional token vesting, where you must wait for everything to unlock, this system will be different! Each NFT you receive in the various categories will be assigned a specific number of $CATCH tokens, which you can claim on the SpaceCatch website by exchanging your Airdrop NFT.
The vesting schedule is as follows:
- 25% of $CATCH tokens available immediately after claiming the NFT (25% total unlock).
- 25% of $CATCH tokens available after two months (50% total unlock).
- 25% of $CATCH tokens available after four months (75% total unlock).
- 25% of $CATCH tokens available after six months (100% total unlock).
Please note that you can exchange your NFT for tokens at any time. The process involves sending the NFT to our website, and in exchange, you will receive tokens. In this process, the NFT will be permanently burned.
In practice, this means that if you have 25% of $CATCH tokens unlocked and decide to claim them, you will immediately receive that 25%, but the remaining 75% of the unclaimed allocation will also be burned! This will introduce the first deflationary element into the $CATCH tokenomics.
A significant benefit is that these NFTs can be sold on NFT marketplaces like OpenSea. These NFTs are not tied to specific accounts, so you are free to trade them. You might decide to sell the NFT on the market, earning ETH or USDC from the sale. The buyer will then be able to claim $CATCH tokens from the NFT. It acts as a kind of simple futures contract. If you are a fan of SpaceCatch and expect $CATCH tokens to rise in value over the coming months, buying NFTs may be a good option, as locked allocation tokens will be cheaper than available unlocked tokens.
The third option is simply to hold these NFTs for six months, after which you will receive 100% of your airdrop allocation.
Anticheat Mechanics
Lastly, completing the final airdrop tasks does not automatically guarantee an airdrop. After these tasks are completed, there will be an internal scan of all users, and suspicious multi-accounts will be disqualified from the campaign.
Season 3 Airdrop This November!
ALPHA! The Season 3 $CATCH airdrop campaign will start this November, and this campaign will return to Zealy! Once again, our Discord roles, tokens, and NFTs will play a crucial role, so if you don’t have them yet, be sure to get ready! The airdrop campaign will start alongside a massive marketing push, and we expect a big influx of new users.
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