Drops 18 : Meshswap — ‘MESH’
Hello! KLAYswap Community!
Today, we are very excited to introduce the 18th KLAYswapDrops event to KLAYswap users — Meshswap’s “MESH”!
1.Combination of KLAYswap and Meshswap ecosystem through ‘MESH’ Token Drops
Polygon-based Meshswap distributes a portion of the initial ‘MESH’ circulation from KLAYswap Drops. Meshswap quickly secures new users and liquidity by distributing initial ‘MESH’ tokens to vKSP holders with extensive experience using DeFi. Also, vKSP holders can obtain opportunities for substantial MESH inflation redistribution rights and explosive yield farming as initial vMESH holders when Meshswap launches.
Both KLAYswap and Meshswap users can easily supply liquidity across both protocols through the Orbit Bridge. In addition, governance tokens (MESH, KSP) acquired from each protocol can be used to obtain additional revenue through liquidity supply. This Drops will promote the interconnection of KLAYswap and Meshswap ecosystems and ultimately play an essential role in the growth of both protocols by building a multi-chain token economy.
2. Benefits that KLAYswap holders will get
In ‘KLAYswap’s NEW Roadmap’ issued in early March, the benefits for vKSP holders from KLAYswap, an autonomous financial protocol, advancing to multi-chain, were delivered in detail. In brief, by entering a new frontier chain, Polygon chain users will flow into KLAYswap, and the protocol’s transaction volume and asset liquidity will expand as new users increase. The increase in users and liquidity leads to the growth of KLAYswap TVL and the ecosystem, which affects the KSP price that vKSP holders receive as rewards.
Next, vKSP holders can be the first to receive the initial amount of Meshswap’s governance token ‘MESH’, so they can get explosive yield farming opportunities within Meshswap and have a significant impact on Meshswap governance. Even after the initial amount is distributed, a portion of MESH inflation is continuously distributed to vKSP holders, so you can continue to earn profits. You can also use the distributed MESH in various DAPPs within the Polygon.
Finally, there is an extension of governance token utility. Governance tokens of KLAYswap and Meshswap can enter the mutual ecosystem and acquire new financial opportunities. As each governance token actively moves into each other’s ecosystem, the demand for KSP and MESH rises together, which can positively affect the token value increase.
3. What is ‘MESH’ of Meshswap?
Meshswap is an autonomous financial trading protocol that comprehensively provides opportunities to generate financial profits using crypto, such as Swap, Lending, Farm & Leverage, and Stake. In return for supplying assets to the protocol in various ways, users earn various tokens, including transaction fees and MESH.
MESH is an incentive boosting the Meshswap ecosystem and a governance token with the core authority of MESH reward redistribution. The total issuance is 126,144,000 MESH, with halvings occurring every year. $MESH is distributed under fair conditions where all market participants acquire only through the liquidity supply of the protocol, without pre-circulation due to private sale or presale.
4. MESH airdrop period and amount distributed at KLAYswap Drop
The MESH airdrop will be held for 7 days from April 26th to May 2nd. The total amount of MESH airdrops from KLAYswap Drops is 399,600 MESH. The amount of airdrop obtained by the user is calculated based on the snapshot of the amount of vKSP held after KSP staking. Claims can be made from May 3rd, the day after the end of the airdrop.
5. How to participate in Drops
Users participating in KSP staking are automatically eligible for airdrops for new projects supported by Drops. The airdrop quantity will be distributed based on the snapshot of the user’s vKSP quantity after KSP staking, and the snapshot will be held once a day at 9:00 am (KST). To receive the airdrop, you must have staked KSP before the snapshot and obtained vKSP.
6. Token Distribution
(1) Total issuance: 126,144,000 MESH
- Farm 80%
- vKSP Holders 5%
- Dev 5%
- Treasury 5%
- Strategic Partner 5%
(2) Initial Supply: 1,500,000 MESH
a. vKSP Holder : 26.67%
b. Polygon On-chain User : 26.67%
c. MATIC On-chain holder : 16.67%
d : LP Incentive : 13.33%
e. Marketing : 13.33%
f. Initial pair liquidity : 3.33%
- Inflation is equal to 1/2 of the previous year’s inflation every year
(4) Distribution quantity per block
- 4 MESH/block , 172,800 MEHS/day (based on first-year distribution)
- Polygon block time = 2 seconds
7. Project Details
You can access Meshswap through the official Website