CLAY Lockdrop — How to retrieve your TTC from the Lockdrop Contract
Dear Community,
In this article, we will explain in detail how to retrieve your TTC from the Lockdrop Contract, for those who participated in the CLAY Lockdrop last year.
CLAY Lockdrop Recap
The lockdrop is a fairly new concept of token distribution: participants receive CLAY tokens simply by locking up TTC Coins via smart contract for a certain period of time. TTC holders could choose to lock their TTC Coins for either 6 months, 12 months, or both:
6-Month Lockdrop
A total of 16,614,767 TTC was locked in the 6-Month Lockdrop contract, generating 66,459,068 CLAY. Starting Feb 21st 2020, the participants will be able to withdraw the unlocked TTC.
12-Month Lockdrop
A total of 20,000,000 TTC was locked in the 12-Month Lockdrop contract, generating 200,000,000 CLAY. Starting August 21st 2020, the participants will be able to withdraw their TTC in the Lockdrop contract.
How to Retrieve TTC from the Lockdrop Contract
To make things simpler, we launched the Lockdrop Unlock Tool in TTC Connect. Just follow these steps to retrieve your locked TTC safely back to your TTC Connect wallet.
⚠️ The withdrawal will be available 6 months from the first Lockdrop timestamp.
⚠️ You must update TTC Connect to withdraw (iOS|Android)
1. ‘DAPP’ Tab -> “Lockdrop Withdraw”
2. Check the Withdrawal Details
- You can check out how much time is left til your TTC Coins unlock.
- Once the countdown reaches 0 (zero), you can withdraw.
3. Touch the “Withdraw” button and enter the passcode.
4. Done.
- This withdrawal could take up to 60 seconds. It will be shown as “Lockdrop Withdrawal” in your TTC transaction history.
It has not been one year since we announced Tigris Protocol. The main goal that we articulated was to provide a set of open, trusted and stable Decentralized Financial (DeFi) services. We believe that all the funds we secured through the Lockdrop ensured us to build a large enough Tigris Reserve to launch a stable service.
— TTC Foundation
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