Impossible Airdrop #3 Amara Finance — Stake & Earn

Impossible Finance
Impossible Finance
Published in
5 min readJan 11, 2022

Updated on 04/03/2022: Amara Tokens have been split on a ratio of 1:10

Campaign period: 11/01/2022–22/02/2022 12:00 PM (UTC)

Hey Bulls,

We are thrilled to announce the third Impossible Airdrop which is with Amara Finance (MARA)! Users will be eligible for a free MARA (MARA) giveaway, worth 2,150,000 MARA tokens through our Stake and Earn Campaign which will be held on the Moonriver network.

Amara Finance is a cross-chain financial aggregator for NextDeFi aiming to be the DeFi collaboration center to bridge Polkadot and the off-DOT world. Excited to learn more about Amara Finance? Check it out here!

Users may obtain MARA in 2 ways. Details below:

  1. STAKEDROP: Participate in the MARA StakeDrop by staking MOVR IDIA via the Impossible Launchpad (Total giveaway 2,000,000 MARA tokens)
  2. EARNDROP: Complete tasks via Gleam to enter into a lucky draw or participate on our AMA with Amara Finance (Total Giveaway 150,000 MARA tokens)

GIVEAWAY #1: STAKEDROP

How to Participate:

Subscription Timeline:

  • KYC Period: Rolling ongoing basis — users can submit their information and pass KYC anytime.
  • Staking Period: 11/01/2022 12:00 PM (UTC) to 21/02/2022 12:00 PM (UTC). After completing KYC, stake MOVR IDIA into Impossible’s Launchpad staking contract, which will record users’ staked IDIA balances. A user’s IDIA balance will be captured on-chain, and airdrop allocation is calculated based on the amount staked and the length of time staked relative to all participating users.
  • Claiming Period: MARA tokens will be airdropped directly to your MOVR wallet address per below vesting schedule (no action required)

StakeDrop Details:

  • Token Ticker: MARA
  • Launchpad Token Standard Pool Reward Amount: 2,000,000 MARA (~0.13% of Total Token Supply)
  • Token Vesting
    - 07/03/2022–50% unlocked
    - 07/06/2022–50% unlocked 3 months later
  • Token Distribution: Airdropped directly to your submitted MOVR wallet address (no action required)
  • Token Reference Price before listing: US $0.5 per MARA token
  • Total Token Supply: 1,500,000,000 MARA
  • Sector: DeFi
  • Supported Staking Tracks: MOVR IDIA staking only
  • More details on Amara Finance.

MARA Standard Pool
Stake Limit:
Users can stake a maximum of 50,000 MOVR IDIA tokens to obtain allocation. The maximum MARA tokens a user is able to claim is capped at the user’s allocation which is calculated after the staking period.

Token Allocation Calculation
The StakeDrop for MARA will follow the standard Impossible Launchpad staking subscription format whereby users’ stakeWeight is calculated based on the proportional amount of IDIA they stake and the duration they stake relative to the total amount and staking duration of the entire pool, with users’ staked IDIA balances recorded at the start of the stake period.

GIVEAWAY #2: EARNDROP CAMPAIGN

All gleam entries will be entered into a lucky draw where winners will be randomly selected at the end of the campaign and notified via Twitter and email. Participants can increase their chance of winning by completing more tasks. Each task is worth a number of gleam entries. The more entries you have, the greater the chance of winning!

How to participate:

  • Step 1: Register via this Gleam link
  • Step 2: Complete as many tasks as possible to earn entries

EarnDrop (Gleam) Details:

  • Gleam Period: 11/01/2022–18/02/2022 01:00 PM UTC
  • Total Token Reward Amount: 130,000 (0.1% of Total Token Supply)
  • Total Winners: 260 participants
  • Reward Per Winning Entry: 500 MARA
  • Token Distribution: Airdropped directly to your submitted MOVR wallet address (no action required)

EarnDrop (AMA) Details:

  • AMA Period: 17/02/2022 02:00 PM UTC
  • Total Token Reward Amount: 20,000
  • Total Winners: 20 participants
  • Reward Per Winning Entry: 1000 MARA
  • Token Distribution: Airdropped directly to your submitted MOVR wallet address (no action required)

OTHER DETAILS

If you have further questions, we have created a few guides to help you through this process:

KYC Details
KYC Preparation Period: Rolling ongoing basis. We require 50 IDIA or 25 IF tokens to start KYC to prevent bots from spamming our KYC service provider. Users can KYC anytime during the entire campaign period, but will not be able to stake or receive MARA until their KYC is completed. To maximize the staking utility of users’ IDIA, users have to pass KYC before the staking period begins. In other words:

  • If users pass KYC after the end of the staking period, they will miss the opportunity to participate
  • If users pass KYC during staking period, they will only be able to stake for the remaining staking period and receive a lesser allocation than if they were to start staking from the beginning of the staking period
  • KYC requirements: Residents from countries or regions such as US, Mainland China, and sanctioned countries are excluded from participating.

About Amara Finance
Amara Finance is a cross-chain financial aggregator for NextDeFi aiming to be the DeFi collaboration center to bridge Polkadot and the off-DOT world. Their core products include AmaraLend, a multi-chain deployed lending protocol; AmaraLink, a multisig cross-chain bridge connecting Polkadot and off-DOT world; and AmaraPay, an aggregated payment gateway protocol responding swiftly across the world.
Website | Twitter | Telegram | Discord | Medium

About Impossible Finance
Impossible Finance is a multi-chain incubator, launchpad, and swap platform led by Ex-Binance & DeFi veterans. It offers a robust product-first ecosystem that supports top-tier blockchain projects to targeted user audiences. With extensive support from key leaders in the crypto industry, Impossible Finance simplifies DeFi for users to enjoy fairer investing, cheaper trading and better yields.

Website | Twitter | Discord | Telegram | Medium

Terms & Conditions:

  • DISCLAIMERS, TERMS, and RISKS
  • Use a self-custodied (Metamask, etc.) BSC wallet address that has been KYCed on the Impossible Launchpad. Do NOT use an exchange wallet to participate
  • This airdrop is for MARA tokens only
  • Impossible Finance reserves the right to disqualify bots or fake users prior to a randomized drawing of eligible users participating in the Gleam Campaign airdrop
  • Impossible Finance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice
  • This campaign is open internationally, but restrictions due to compliance regulations for different jurisdictions apply. Residents from the United States, China and sanctioned countries are not permitted to join this contest. The team is not responsible for any legal repercussions incurred due to non-compliance of participants. Please consult the respective laws governing your region for the most accurate information
  • Risk Warning: Trading and/or generally investing in any cryptocurrency involve significant risks and can result in the complete loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before investing, please consider your level of experience, objectives, and risk tolerance, and seek independent financial and legal advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Impossible Finance based on the legal and regulatory requirements of your country of residence and/or applicable jurisdiction(s)
  • Full disclaimers and legal notices: Please access this link for the legal and compliance notices applicable to this document, its content, and the relevant risks

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