The Wisedrop Breakdown
OLLO aims to create a tight-knit and purpose-driven community.
Originally, the Wisedrop Airdrop was broken into 2 parts. To provide an encompassing comprehensively rewarding launch event, the OLLO Core team has decided to update the Wisedrop with some exciting changes!
Here are the changes:
- The entire airdrop (45,000,000 OLLO — 45% of Genesis Supply) will be available as airdrop rewards at launch.
- In addition to rewarding ATOM, OSMO, and JUNO stakers, the Wisedrop will also reward OLLO stakers, early liquidity providers, LBP (Liquidity Boostrapping Pool) & liquidity providers locking their LP.
All the changes listed above are thoroughly explained in this article.
Wisedrop Key Details
OLLO Station’s approach to the airdrop was to use highly successful elements from previous noteworthy launches and combine them to form OLLO Station’s Countdown to Liquidity Launch Event.
In addition to rewarding the ATOM, OSMO, and JUNO communities, the Wisedrop is designed to also reward newcomers bringing liquidity to OLLO Station, and educated traders who want a safe opportunity using OLLO Station’s feature which allows users to unlock their Lockdrop.
Find the Wisedrop OLLO allocation breakdown below:
- Total Wisedrop Amount: 45% of Genesis Supply (45 Million OLLO)
- Wisedrop Airdrop: ATOM, OSMO, and JUNO stakers (20 Million OLLO)
- Countdown to Liquidity: Participation Rewards (25 Million OLLO)
WiseDrop Airdrop Breakdown
The development of OLLO Station has humbled the OLLO Core team with the amount of work required to deliver the kind of platform that OLLO Station promises. Since the project has been in the works for an entire year now, the airdrop dates initially chosen are a tad older than planned.
To remedy this, the Wisedrop has an exciting new element. A third snapshot! Long-term ATOM, OSMO, and JUNO stakers now get an extra bonus. To accommodate Cosmos Ecosystem newcomers, now any snapshot qualifies a staker for the Wisedrop Airdrop!
General Rules (applying to all 3 snapshots)
- Eligible Chains: ATOM, OSMO, & JUNO
- ATOM Minimum Stake: 12
- OSMO Minimum Stake: 50
- JUNO Minimum Stake: 16
- At least 2 IBC TXs, and 2 Native TXs per eligible chain
- Excludes Exchange Validators: Coinbase, Crypto.com, Binance, etc.
- Excludes Known Bad Actors and Airdrop Gamers
- Delegated to a Decentralized Wallet: Keplr, Cosmostation, and others
Snapshot 1:
Initial snapshot rewarding the valuable, active, and purpose-driven communities of Cosmos Hub, Osmosis, and Juno (ATOM, OSMO, JUNO).
- Eligibility Snapshot: April 12th, 2022
Snapshot 2:
Loyal Cosmonauts who served the Cosmos communities (ATOM, JUNO, OSMO) during the depths of the bear market receive an allocation.
- Eligibility Snapshot: June 18th, 2022
Snapshot 3:
Loyal Cosmonauts who have continued to stake and serve the Cosmos communities (ATOM, JUNO, OSMO) during the worse year in crypto (2022).
- Eligibility Snapshot: December 31st, 2022
Bonuses:
OLLO Station has allocated extra rewards to those who have either staked for longed (progressive staking), participated in the incentivized testnet, or delegated with Station 8 Validators.
Testnet Participants
The OLLO Team hasn’t forgotten about you.
- All eligible testnet participants that have staked on or before January 5th, 2023 will receive a bonus on their airdrop.
- Eligible users that created a validator on the ollo-testnet-0 chain will receive a bonus on their airdrop.
- All users who created a validator on the ollo-testnet-1 chain will receive a bonus airdrop.
Distribution Mechanism
Snapshot 1 (April 12th) 5,000,000 Million OLLO
- ATOM Stakers: 2M OLLO
- OSMO Stakers: 1.5M OLLO
- JUNO Stakers: 1.5M OLLO
Snapshot 2 (June 18th) 5,000,000 Million OLLO
- ATOM Stakers: 2M OLLO
- OSMO Stakers: 1.5M OLLO
- JUNO Stakers: 1.5M OLLO
Snapshot 3 (December 31st) 5,000,000 Million OLLO
- ATOM Stakers: 2M OLLO
- OSMO Stakers: 1.5M OLLO
- JUNO Stakers: 1.5M OLLO
Bonuses (5,000,000 Million OLLO)
- Progressive Stake Bonuses: To reward Cosmonauts’ loyalty to the Cosmos Ecosystem, those that have staked for longer get more rewards. For instance, those that staked in all 3 snapshots will get a bonus on the airdrop. Details are to be announced.
- Testnet Participants: Eligible Testnet Participants will be rewarded accordingly. Details are to be announced.
- Station 8 Delegators: As promised, Station 8 Delegators will get a bonus on top of their existing airdrop. Details are to be announced.
Countdown to Liquidity Rewards Breakdown
OLLO Station’s official launch event (Countdown to Liquidity) rewards participants with 25,000,000 OLLO tokens. Stay tuned to our social media handles for more information on the Countdown to Liquidity event.
The event is broken down into 3 phases:
- Wisedrop Airdrop: 5 Million OLLO in rewards (eligibility for airdrop recipients)
- OLLO’s LBP: 7.5 Million OLLO in rewards
- Wisedrop LockDrop: 12.5 Million OLLO in rewards
Date and Instructions
The OLLO Core Team is planning the Countdown to Liquidity Launch Event, including the Wisedrop Airdrop, in early Q1 of 2023. Before the airdrop claim is live, the OLLO Core Team will share a detailed step-by-step guide on how to claim the Wisedrop throughout the official OLLO Station social media channels — Twitter, Discord, and Telegram.
The Wisedrop allocations will be stored in a Multisig Wallet until the planned distribution date. Unclaimed Wisedrop supply will be split between the Community Pool and Strategic Reserves at the designated end of the event.
About OLLO Station
OLLO Station is a next-generation all-in-one DeFi Hub built utilizing the Cosmos SDK, Cosmwasm, Interchain Accounts, AuthZ, and other unique in-house custom modules. OLLO Station will provide users with a complete suite of tools to trade, stake, bond, borrow, manage and automate their cryptocurrency portfolio without ever leaving the station.
Twitter: https://twitter.com/OLLOStation
Discord: https://discord.gg/GxBqZ9mSSm
Telegram: https://t.me/+s8i4AKk0Tt44Yzgx
