STAKD Distribution event update

Axel Rodley
STAKD Tech
Published in
4 min readAug 24, 2019

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In this article, you will find information about when and how you will be able to receive your tokens, staking guide, telegram competition winners and how to successfully confirm and verify your airdrop, bounty and weekly tasks entries. Happy reading!

Dear STAKD community,

your support over the distribution period was overwhelming. We heard your requests and delivered even more exciting updates. Airdrop and bounty have officially ended and we are now in the process of going through the results. You can still participate in our weekly tasks event which is the last part of our 3 part distribution event. We aim to close the weekly tasks by Wednesday — August the 28th so make sure to grab the opportunity while its there ($20 in STAKD as a reward for completing these tasks)

To be eligible to receive the airdrop and bounty rewards we asked the participants to fill out our google form and to talk to our verification bot — HOLMES.

Holmes our verification bot

1. When will I get my tokens?

We are still going through all of the data and expect to have the final numbers a couple of days after our weekly tasks event concludes.

Instructions on how to get your tokens

If you have successfully verified your airdrop and bounty entry and your data has been checked and approved by our team, then you can claim your tokens. For simplicity, we recommend using the METAMASK extension for chrome. If you have any other wallets, you can import your wallet to metamask and use it to claim the tokens.

If you are using any other wallet, then the instructions on how to claim will appear. To claim the tokens, you will need to:

  1. Wait for the distribution to start (check Telegram ANN channel or Telegram group for announcements on the exact date)
  2. When the distribution starts, Visit the Airdrop page.
  3. Input your Ethereum address in the input field and click Load Info.

4. If you are eligible to receive STAKD tokens, you will see the amount you are entitled to under the load info button.

5.1. IF you are using metamask then click the button “Redeem tokens” which will redirect you to a new page, where you need to click the “Redeem Tokens” button again.

5.2. IF you are not using metamask, then the instructions where to send the transaction with 0 ETH and Transaction DATA will display.

Supported wallets:

2. Staking Guide — Dashboard

After the token distribution, our dashboard will only be supporting Metamask users, But don’t worry, you can still claim staking rewards even if you are not using metamask! The dashboard will show your wallet address, your SKD token balance and the “Reward to claim”. When the tokens are in your wallet for 2 days, the “Reward to claim” will show the amount of STAKD that you can claim and a button “Mint” will appear. Clicking the button “Mint” will claim the staking rewards.

IMPORTANT!

● Coin age = Amount of time the token has spent UNMOVED in your wallet.

● Tokens must be in the wallet for a minimum of 2 days (48 hours).

● If at any point you RECEIVE or SEND the tokens, the age of your coins will go back to 0, meaning you will have to wait for another 2 days to be able to claim!

● The maximum amount of days, before the reward reaches its maximum potential is 90 days, MEANING if you hold for 90 days you can CLAIM the maximum amount of staking rewards.

● After claiming the rewards, your coin’s age goes back to 0.

Claim STAKD staked tokens without the use of the dashboard

For users that don’t have metamask or will be using a different wallet, you can claim your staked rewards by sending a 0 ETH transaction to YOURSELF. A similar dashboard to calculate non metamask users rewards will be coming VERY SOON after the launch. If you have any other questions, please ask us in our telegram group https://t.me/stakdtech !

3. Telegram winners!

We would also like to take this opportunity to announce the winners of our telegram competition. The most active and helpful chatters get rewarded for their contributions to our community.

The STAKD Team would like to thank everyone that participated in this event and made our project possible. Remember, this isn't the end, it's just the beginning.

New partnerships, bigger rewards, exchange listings, master nodes, better & faster system for completing tasks and getting rewarded, payment processor and a lot more coming out in the future!

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