$CVG Airdrop Reveal
Gm Converger,
As the Convergence launch is planned in January, it might be the appropriate time to reveal more information about the upcoming airdrop.
Please note that in this article, we won’t get into the details of every section. More specific info will be released along the way.
That being said, let’s get into it!
I. Distribution
A total amount of 1,683,000 CVG will be airdropped (1.12% of the total supply). We’ve added some unsold IBO tokens to the 1,500,000 CVG initial airdrop allocation to expand our airdrop and involve more people.
Tokens are distributed as follows:
Zealy leaderboard: 32,000 CVG;
Llama DAO: 50,000 CVG;
Llama holders: 200,000 CVG;
veSDT holders: 300,000 CVG;
cvgPepe holders: 351,000 CVG;
On-chain quests: 750,000 CVG.
II. Zealy
The top 103 -yes, 103- will receive an airdrop. The top 25 will have the opportunity to claim 500 liquid CVG after launch, while the others will be eligible to claim 250 liquid CVG.
III. Llamas
As the Llama community represents the Curve ecosystem in all its magnificence, we decided that a total amount of 250,000 CVG will be allocated to both the DAO and Llamas NFT holders.
The DAO will receive 50,000 locked CVG tokens. The locked tokens will be divided equally between veCVG and ysCVG. This will enable the Llamas DAO to participate in Convergence's governance and claim treasury rewards.
Each NFT holder will be able to claim 1,000 locked CVG, fully allocated to veCVG. 200 spots will be available, on a FCFS basis.
IV. veSDT holders
300,000 CVG are allocated to veSDT holders, to onboard Stake DAO’s governance participants into the governance of Convergence.
Each veSDT holder that owns more than 1,000 veSDT will be eligible to claim 3,000 locked CVG, fully allocated to veCVG. 100 spots will be available, on a FCFS basis.
V. cvgPepe holders
cvgPepe holders will be eligible for a total amount of 351,000 CVG. The following article gives all the details: https://medium.com/cvgfinance/cvgpepe-airdrop-9ea3066d9fb3
VI. On-chain quests
750,000 CVG are reserved for users that will accomplish a variety of on-chain tasks, such as locking CVG, converting SDT to cvgSDT, or staking sdTKNs. A point system will be used, and the campaigns will start post-launch through a custom Dapp.
CVG tokens earned via these quests will be linearly available, with a penalty fee for early exits.
We’ll share more details soon about on-chain quests. Stay tuned!
That’s it for now, thanks for reading, anon!
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Website: https://cvg.finance/
Twitter: https://twitter.com/Convergence_fi
Discord: https://discord.gg/convergencefinance
