10,000,000 $IQT: AIRDROP SEQUENCE INITIATED

Full Details on Airdrop Season One & Whitelist Program

Published in

QHUB

4 min readNov 17, 2023

With the upcoming launch of the $IQT token, it’s time to reward $PRQ, $MYST, & $NIOX stakers with their share of 10 MILLION $IQT tokens in the first season of the $IQT Airdrop

IQ Protocol is preparing for the anticipated launch of the $IQT token. The token is at the core of the IQ Ecosystem, and the community can discover more on the utility and opportunities which the token brings in our Tokenomics blog post.

$IQT Airdrop Season One

The time is almost here to reward our loyal community members for their participation in the IQ Protocol FT staking program. The PARSIQ community has had the opportunity to stake $PRQ since June 30, 2021 upon the launch of IQ Protocol mainnet. While staking pools for $MYST went live on January 13, 2022, followed by $NIOX on March 7, 2022. The good news? All participants in the staking program are eligible for $IQT rewards 🥳

Note: A snapshot was taken 31 Oct 2023 23:59:59 GMT+0000 to determine the rewards for each wallet address

How will the distribution of $IQT work?

Distribution calculation: The amount of tokens staked and the duration of each staking period will determine the eligibility and distribution of each airdrop wallet. $PRQ stakers will receive 90% of the 10M $IQT reward pool, $MYST stakers 7% and $NIOX stakers 3%.

How will the claim work?

After $IQT TGE, all users will be able to see their individual airdrop allocations & corresponding value on the IQ Wallet Dashboard by connecting their wallet. No further action will be required. Our team will provide the URL once this dashboard is LIVE.

*Please note: There will be a vesting period for all airdrop recipients.

Vesting: Airdrop recipients will have a 6 month cliff immediately following TGE. Unlocks will be linear over the subsequent 12 month period on a block by block basis.

Why is this vesting period necessary?

This vesting period is vital for our launch strategy. With our DEX only launch there will be a limited supply of tokens for the initial period. All private investor and team allocation are locked for 6 months followed by a linear 18–24 month unlocks (depending on the round). No liquid $IQT tokens have been exchanged in any marketing or services.

The good news for airdrop recipients? Airdropped tokens will be fully unlocked before investors, team and advisory allocations 🔥

What happens if I’ve staked after the snapshot was taken?

Unfortunately, you will not be eligible for this airdrop. But, don’t worry there will be more 🤫

For those who staked just prior to the snapshot or staked a low amount, our team has decided upon what we believe is a fair mechanism to reward all stakers. We will be airdropping 10 $IQT to every person in the staking pool if their reward was set to be anywhere from >0 to <10 $IQT.

Questions about the Airdrop? Please ask inside of our Telegram or Discord communities.

$IQT Whitelist program

With our DEX only launch strategy, our team has made the decision to convert all whitelist holders into airdrop recipients.

How does this work?

Initially, we will be rewarding only 100 people with whitelists for $IQT. Approximately 60% of these have already been claimed, which means there will be NEW ways for our community to win whitelists… details soon 🤑

Whitelisters: Will receive 1000 $IQT tokens per wallet via the same airdrop/claim mechanism mentioned above for stakers.

Vesting: Whitelist recipients will have a 6 month cliff immediately following TGE. With the full amount of tokens claimable upon the completion of the 6 months cliff. Whitelist winners will be able to see their 1000 $IQT allocation by visiting the IQ Wallet Dashboard and connecting their wallet. No further action will be required. Our team will provide the URL once this dashboard is LIVE.

How to claim WL: An additional step is required to claim your airdrop. Simply put, we need your wallet address. All Whitelist holders will be required to join the IQ Protocol Discord server and follow our Whitelist Claim process and obtain the IQ300 WL role. Existing IQ300 members will be converted to this new role and granted access to a new private channel. Full details will be provided inside of Discord.

Questions about the Whitelist? Do not have IQ300 role? Please contact our team inside of Telegram or Discord communities.

A time to celebrate for team & community

We made it! 🚀The IQ Labs team would like to take this opportunity to thank our community for their continued support and together, we look forward to making the $IQT launch a success and pushing IQ Protocol to the forefront of the blockchain gaming revolution.

Future Airdrops and Continued Whitelist Opportunities

Going to be dope. Stay tuned for more information 👀

Join the Community

We have some huge news ahead, so dive into the IQ Protocol community to connect, share, and collaborate. There are opportunities for everyone to participate and thrive in the future of gaming.