Scallop is proud to share that we are one of the recipients for Pyth Network’s $PYTH Token!
In light of the Festive season, Scallop Team would like to give back to our loyal Scallop community by airdropping 100K $PYTH!
Giveaway Details:
Total Prize Pool: 100K $PYTH
Distribution Method: Random Lottery
Eligibility Criteria: Have a supply value TVL >100 USD
Event Period: 21st Feb to 27th Feb (1x random Snapshot will be taken)
Distribution Amount:
1st Place: 4,888 $PYTH
2nd Place: 2,888 $PYTH
3rd Place: 888 $PYTH
NOTE: Top 3 winners are randomly picked and assigned.
Another 1,497 users will be randomly selected from all users in Snapshot.
Remaining $PYTH will be split equally amongst the rest of the winners.
How Does It Work?
With the event period of 21st Feb to 27th Feb, Scallopers will be able to participate in this CNY airdrop event by ensuring that they have a supply/borrow TVL value of more than 100 USD.
A random snapshot will be taken during the event period to capture wallets that are eligible.
A list of wallets will then be randomly selected from the list of eligible wallets to qualify for the $PYTH airdrop.
Github Repo for Code that randomly picks winner will be made public to ensure a fair selection.
Claiming period will be live 24hours after Event ends.
Claiming of prize will take place here: https://cny.scallop.io/
Lastly, $PYTH Stakers, we see you…
For $SCA tokens, TGE taking place some time in March.
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