We have come to the conclusion of our first Fairdrop. We would like to thank all the partners, community, contributors and everyone for their participation.
Here we drill down into the details and the ending:
The Fairdrop was a portion of the quarter of 100 Million $BRIGHT that made up the initial minted supply (25 million). High level composition of the Initial minted supply consists of allocations for Bright DAO, Past actions, and Initial Incentives.
The Fairdrop consisted particularly of the Past actions allocation (6.85 million).
Starting on September 16, 2021, Fairdrop took place in 8 rounds. Claims could be made on either of the two networks — Main-net or Gnosis Chain (formerly xDAI).
89.4% was successfully claimed. Of the remaining 10.6%, most were allocations to Gitcoin projects(non-individuals) that benefited in trust bonus matching due to BrightID enabled donors. Some of the remaining were those who missed linking their BrightID with the fairdrop DApp in time.
These missed claims will be swept to BrightDAO common pool and will be spent on funding future tasks and projects proposed and passed by the community.
Considering the size of successful claims, the fairdrop was a great success. This is just the beginning and we hope to achieve similar or better success in the future.
Fairdrop DApp
The Fairdrop DApp used in the fairdrop is one of the many strong use cases of BrightID. It had been in development on the side for some time prior to the fairdrop as a generic product for any individual, project, or community to use for their airdrop.
The term fairdrop simply means that an airdrop is per individual rather than per address.
We learnt a lot about improving it through the BrightDAO fairdrop experience and it has been very encouraging to see how well it performed as intended in its earliest form.
Further development of the product will now be in the hands of the BrightDAO community. We heartily welcome any individuals, projects and communities that wish to further develop and utilize it.
Among the possibilities, it would be wonderful if we could make it the portal for perpetual airdrops, and it would be a game changer especially in terms of fair and wide distribution for onboarding new users to web3.
The project is open source on Github:
