Airdrop Announcement: 2.000.000 $SIGN tokens to $ENNO Cash stakers
Enno Wallet team is happy to announce a unique way of Airdropping $SIGN tokens to the $ENNO Cash stakers.
As you all know, $ENNO Cash is a governance token of Enno Wallet. Active Enno Wallet users are eligible to receive Enno Cash tokens based on the size of their activities and their shares of total activities by other users.
One of the use-cases of the $ENNO Cash token is Enno Wallet club membership rights: $ENNO Cash holders will enjoy retroactive incentives of Enno Wallet and they will have privilege rights when joining Airdrops.
Here comes the first Airdrop to Enno Wallet users!
What is $SIGN token?
SIGN is a utility token across all Signature Chain products and services, including SIGN Art, SIGN Web App, and all future services.
SIGN Art offers a digital art gallery and certification tools built on the Waves Platform.
SIGN Art allows digital artists to showcase their work in their own SIGN Art portfolio, to certify ownership of their digital pieces and, let them sell their tokenized art in a non-fungible token (NFT) market, also enjoying pleasantly low fees. The platform requires the $SIGN utility token for Artists to manage profiles and creations. Digital creations can be sold in $SIGN, $WAVES, or $USDN.
Why $SIGN airdrop?
Enno Wallet is a non-custodial mobile crypto wallet and a gateway to decentralized finance. Enno Wallet gathers all DeFi apps together and serves with a great user interface and user experience. SignArt is a great NFT marketplace on Waves Blockchain and it’s included in Enno Wallet’s roadmap.
We would like to celebrate the integration of $SIGN tokens into Enno Wallet. Airdrop tokens are provided by the SIGN ART team and we are thankful to them.
$SIGN airdrop terms and conditions!
$ENNO Cash stakers are eligible for 2.000.000 $SIGN token airdrop (~$5.000)
- Airdrop event will start on 2858500th block. (16/11/2021–13:00 CET)
- Airdrop event will end on 2868580th block. (23/11/2021–13:00 CET)
You can always check the current block height from waves explorer.
- $ENNO Cash tokens must be locked on a governance contract until the end of the event to participate in the airdrop.
- $SIGN token airdrop event will last for 1 week.
- ⚠️ IMPORTANT!
Participants will not be able to unlock their $ENNO Cash tokens until the end of the event. - ⚠️ IMPORTANT!
Who joins earlier will get more $SIGN tokens from the event. - Participants will be able to claim their $SIGN tokens after the event.
- $ENNO Cash tokens will be unlocked after the event.
The Airdrop calculation formula is in the following;
Let’s assume if we have only 2 participants for the airdrop;
- User A has 100 $ENNO Cash tokens in staking.
- User B has 700 $ENNO Cash tokens in staking.
- User A joined the airdrop on day 1 and locked 100 $ENNO Cash tokens.
- User B joined the airdrop on day 7 and locked 700 $ENNO Cash tokens.
- User A will have 100 ($ENNO)*7(days) = 700 points.
- User B will have 700 ($ENNO)*1(day) = 700 points.
User A and B will share the airdrop tokens equally, even user A has less $ENNO Cash tokens because user A joined the event 7 days earlier than user B.
What’s next?
We will implement the following step by step after the $SIGN airdrop event:
- $SIGN tokens will be added to Enno Wallet.
- SIGN to USDN or USDN to SIGN swaps will be available,
- SIGN-USDN liquidity pools will be added,
- SIGN-USDN farming will be available.
