SuperFarm Claim Portal Announced
On Monday May 3 at 12PM PST the SuperFarm claim portal goes live and the vesting period begins. Unlocking new tokens for the SuperFarm community will happen via a decentralized claim portal. The process is very different from what other projects have done, due in large part to the use of block-by-block vesting mechanism.
The claim portal will allow participants in the presale, as well as winners from the community round and holders of SuperFarm NFTs to start claiming their unlocked SUPER tokens. Users can choose to claim their tokens at any time.
Block-By-Block Vesting Explained
Block-by-block vesting means that small amounts of coins will come into circulation with each Ethereum block. The smart contract will divide the total amount of coins set to come into circulation by the amount of (estimated) blocks that will occur during the time period. The result will be a specific number of coins that will be unlocked each block. Users have the choice to claim tokens at any time, yet they are not forced to do so until they desire.
This means that there will be no sudden release of tokens into the market.
This is a huge improvement over a typical “unlock day” vesting in which massive amounts of tokens are distributed at once to all participants. The reason this is preferable is that holders will have a much more natural distribution of claims, as it must be initiated manually by each wallet.
Each wallet will be able to view the total coins they are entitled to via the claim portal, and get visibility on when their tokens will be unlocked.
NFT Airdrop Updated
All NFT Airdrops will now be converted to a block-by-block claim system that will match the overall token delivery mechanism for the project. Whichever wallet holds the NFT that is entitled to SUPER airdrops will be able to claim the available portion of tokens through the claim portal. NFTs that are transferred to other wallets will still be entitled to any unclaimed tokens allocated to that asset. The claim is tied to the unique NFT token, and not the wallet. Again, this is a huge improvement over the initial proposed mechanism for NFT holder airdrops.
Stay tuned
SuperFarm has already announced some of the highest quality partnerships in the blockchain industry, and the coming weeks will see the release of a wide array of functionality and tools that will empower the success of such partners, NFT issuers, new disruptive ecosystems and more.
Please ensure that you are following the SuperFarm socials closely so that you never miss an update or opportunity to participate in platform events.
Twitter: https://twitter.com/SuperFarmDao
Telegram: https://t.me/SuperFarmDAO
Website: https://superfarm.com
Telegram ANN: https://t.me/SuperFarmANN
