Drops6: Shogun — ‘SHO’

Meshswap

Published in

Meshswap

3 min readJan 4, 2023

Dear MESH stakers,

We are proud to announce the sixth Drops with ‘SHO’ of Shogun!

Drops is a Meshswap platform that enables various Polygon-based projects to effectively distribute their initial token resources and successfully perform the entire process from distribution, implementation, and liquidity activation plan. Only MESH stakers are eligible for new token project airdrops.

1. SHO Drops for MESH Stakers

Total Tokens: 40,000 SHO
Snapshot duration: Jan 6th, 2023 ~ Jan 12th, 2023 (7 days)
Claim date: 00:00 a.m (UTC), Jan 16th, 2023

2. How to participate

Exclusive for MESH Stakers. Stake MESH to earn SHO tokens.

The airdrop will be distributed based on the snapshot of the vMESH amount held by users after MESH staking, and the snapshot will be held once a day at 00:00 AM (UTC). To receive the airdrop, users must have staked MESH and obtained vMESH before the snapshot.

① Go to the “Staking and voting” section on Meshswap and stake MESH.

Link to stake MESH: https://meshswap.fi/staking

② Users can check the expected amount of airdrops in the Upcoming status Drop card. (*)

③ The airdrop quantity is determined according to users’ vMESH stake at the time of one snapshot every day.

④ Users can claim the final airdrop quantity with their wallet on the claim date.

(*) Drops under “Upcoming” status, “My Airdrop Amount” is a real-time estimation of how much users will be receiving.

The actual amount received will be based on snapshots that occur every 00:00 am (UTC)

How to Stake MESH

3. Shogun & SHO allocation

About Shogun

Shogun — a Convex Finance upgraded version — rewards Meshswap (MESH) stakers and lockers with additional DeFi yields. Shogun presents a capital-efficient solution with shoMESH token, which affords users to earn the maximum boosted rewards from staking without having to lock their tokens. Shogun is 100% operated by Sigma team, who have been operating the same protocol stably on the Klaytn mainnet for over six months.

Token Allocation

Total Supply: 100,000,000 SHO

2. Token Distribution

6.5% — Shogun Mint(6,500,000)
2.5% — Lockdrop(2,500,000)
0.5% — Liquidity(500,000)
0.25% — MESHSwap Drops, Airdrop(250,000)
10.5% — SHO-USDC LP Incentives(10,500,000)
7% — shoMESH-MESH LP Incentives(7,000,000)
10% — shoMESH Farm(10,000,000)
15% — Core Contributors and Service Providers(15,000,000)
10.5% — Strategic Partners, Advisors, Contributors, and Collaborator(10,500,000)
0.5% — Airdrop to early adopters(500,000)
5.5% — Sigma Incentives(5,500,000)
1% — Future Multi-chain Incentive(1,000,000)
30.25% — Protocol Treasury(30,250,000)