$Bloom: It’s Here!

Doug Brown
Bloom
Published in
3 min readDec 31, 2021
$Bloom x Drip Dropz

Big News

We’ve been building an application to provide a better staking experience for our users and to offer more financial services. To reward our delegates earlier, we’ve teamed up with the good folks at Drip Dropz to distribute $Bloom as an early incentive.

As tokens of our appreciation for supporting Bloom, this Friday, January 1, 2022 at 12:00 (UTC) over 10,000 delegates will have the opportunity to claim 50 million $Bloom tokens!

Drip Dropz & Bloom

Drip Dropz is a tool that allows any party in the Cardano ecosystem to reward their users with tokens. Along with Drip Dropz founders, Kyle Sullivan and Andrew Westberg and team, you can find Bloom’s founders, Peyton and Anthony!

When the Bloom application is released, users can claim $Bloom tokens from both Drip Dropz (6 month period) and the Bloom application.

$Bloom Rewards For Early Stakers

There are 25 million $Bloom tokens being rewarded to delegates who have supported us for the past year. The amount of $Bloom you will be paid depends on the period you have been delegated to a Bloom pool as well as the amount of ADA staked. These periods are based on four airdrop dates:

1. Shelly +3 = 211

2. Goguen Metadata = 236

3. Mary = 251

4. Alonzo = 290

You have 6 months to claim these rewards. The more snapshot dates you were staked to Bloom the more rewards you will receive! These rewards will be available on your first Drip Drop claim. At the end of the 6 month period, unclaimed rewards will be paid back to Bloom for development.

$Bloom Drip Dropz Rewards (Rewards For Future Stakers)

In addition to the 25 million ADA being rewarded, there will be another 25 million $Bloom tokens rewarded to delegates of any Bloom pool. You will have to claim these tokens each epoch from Drip Dropz to earn the maximum amount of Bloom tokens. The more ADA you stake to any Bloom pool, the more rewards you earn each epoch.

How do I claim $Bloom tokens?

How To Claim Your Drops

You can claim $Bloom using the Drip Dropz app in just 4 steps:

  1. Paste your receive address

2. Click “Check My Dropz”

3. Select up to 10 desired tokens

4. Send ADA payment and await tokens!

Be sure to check ADA cost and change!

See how here: https://youtu.be/J-QzYEW6ihs

Tokenomics?

5% of the total supply will be distributed to delegates during the early rewards program. Look out for the white paper coming later this month with a full breakdown!

2022: Year of the Builder

The year of Cardano is upon us. We’re building an application to provide a better staking experience for our users and to offer more financial services. We’re excited to be on the ride with the community. To all of our supporters, we appreciate and thank you!

Stay up to date, join the community!

Discord: discord.gg/27nPHHk

Twitter: https://twitter.com/cardanobloom

Website: https://bloompool.io/

--

--