Phase 2 of the Plow Airdrop
The airdrop submission period had ended.
The airdrop distribution period has begun.
Thanks to everyone who participated in the airdrop. We’re working hard to clean up the results. Our airdrop bot partners have already cleaned thousands of duplicates and fake submissions from the 3 bots. We’re working tirelessly to go through the rest of the 20,000+ submissions to make sure we have an honest representation of real people and not fake accounts trying to take advantage of the airdrop. We have two data analysts going through every individual submission searching for duplicates and cheaters. It’s a strenuous process but necessary. Cheaters only decrease the value of PLOW and that’s bad for everyone besides the cheaters.
The bots are no longer running because they don’t need to. We’ve collected all of the data. Nothing new (like a new referral) that could come in at this point would count towards your totals because the airdrop submission period is over.
This is a free airdrop. We’d like everyone to do well with this. However, our priority is always to our Liquidity Providers. We’ll never do anything to jeopardize them. So as we roll this out, we’ll always do it first thinking about protecting our LPs.
A couple of important things:
This is a free airdrop. We’ll never ask you to send anything to a wallet nor will we require that you purchase any PLOW to get your airdrop.
The overall payout cap was $50,000 in PLOW tokens. However, we know we’ve gone well beyond that in terms of the number of people who have submitted and what they’ve get based in rewards. We’re not going to give 10,000 people $5 in tokens. We’re gonna do our best to get everyone everything they’ve qualified for. That’s going to take us well over our cap. Our idea is to lock up the tokens for 6–8 months in a PLOW wallet but also stake them with PLOW rewards so that you can earn while you’re waiting for the tokens to be unlocked. I think that’s the best-case scenario for everyone.
We’re going to release a redacted spreadsheet next week so that people can go through it and find their accounts so that you’ll know whether your submission was cleared or not. We’ll likely date them too so that you’ll know when you’ll get your airdrop.
We’re considering the above scenario (locked and staked) so that everyone can be accommodated. And we’ll grow our liquidity and trading volume in the meanwhile.
Next week, we’ll do another post with the spreadsheet. We also have lots of new things to release next week. Stay tuned.
