New Airdrop Unveiled

Tyche Protocol
Tyche Protocol
Published in
4 min readAug 20, 2023

Hello dear Tychers,

It’s time to talk about the changes regarding the airdrop.

As you may have noticed, we have changed direction a few months ago.
The airdrop we had envisioned was designed to reward the ecosystems where we were building.

Previously, we had planned to build on Cosmos and Zksync.
Since we decided to embrace the future of Ethereum through Layer 2 solutions, certain aspects of our airdrop have been reworked to better align with this new vision.

Some important aspects we wanted to absolutely adhere to:

  • Community members who have been with us from the start should be rewarded.
  • The active Cosmos community who participated in the Evmos and other testnets should be rewarded.
  • TYCHE NFT holders should be rewarded much more significantly.

Our community is vital, and it’s the active members who should be rewarded.

The aim of this change is that if you’ve been active from the start, you’ll receive exactly the rewards we’ve promised, and even more (if you are TYCHE NFT owners).

Testnet Category:

  • It’s an average of $TYCHE per user, as the first in the leaderboard will receive more tokens than the later ones. For example, in Evmos: 1st -> 267 $TYCHE / 2855th -> 145 $TYCHE

Staking Dapp Category:

  • Celebration NFTs will represent 7% of the overall Airdrop allocation, BUT this allocation is not limited to BASE NFTs since we will launch different Celebration NFTs on different network each time we will deploy on a new Network. We will make sure that the amount you will receive from the pool will be at least 2x more than the amount spent (at listing price). For exemple : If you bought 10 Tyche Celebration NFTs for 2 $USD (premium) then you will receive at least 4 $USD from the pool (at listing price) and you will continue to earn some rewards overtime.The right amount will be communicated on a later stage.
  • TYCHE NFTs (on Zksync) will represent 5% of the overall Airdrop allocation, BUT this allocation is limited to Zksync NFT and will be distributed completely at TGE. Meaning that you will earn at least 30 $USD at listing price from the staking Dapp. After TGE this reward will be switch for real $TYCHE as part of the daily emission.
  • New projects will receive a fair share of $TYCHE when they will launch with us on the staking Dapp BUT as they will be launched overtime, this part of the supply won’t be well represented at TGE.

You must understand the difference between TYCHE NFTs on Zksync and Celebration NFTs on Base:

- The airdrop amount allocated to TYCHE NFTs is fixed and will be distributed before the TGE.
- The airdrop amount allocated to Celebration NFTs is not fixed, and a minimum of 2x the investment will be distributed before the TGE.
- Celebration NFTs will have a longer duration pool, thus continuing to earn rewards after the TGE (albeit at a lower rate).
- TYCHE NFTs will directly earn $TYCHE from emissions, in addition to all partner tokens and the airdrop, as well as fees from our various platforms.

It is, therefore, much more advantageous to own a TYCHE NFT.

The distribution method :

Almost every airdrop allocation will follow the same rule :

  • 10% at TGE + 1% Daily over 3 months

Significant changes :

After reviewing these table, here are the changes that have been made:

  • We no longer provide an airdrop to the Cosmos ecosystem, as it wouldn’t align with the direction our project is taking. We also know that individuals from the Cosmos ecosystem who participated fall under the Testnet & Tyche NFT Holders categories.
  • We have significantly increased the airdrop allocation for Tyche NFT holders, from 7.5% to 20%.
  • We have introduced the Staking Dapp category, where each new project will receive 0.5% of the airdrop for their token holders, which will be distributed through our staking dapp.
  • We have introduced the Staking of TYCHE NFTs on Zksync and the celebration NFTs on Base.

These changes align with our new vision, even if they may not align with everyone. One thing is certain: they align with those who have been with us from the beginning.

We have always aimed to reward active members, whether they can purchase an NFT or not.

We stand by this guiding principle.

NOTA : Remember that the price always correlates with the listing price in our articles, but as the market can fluctuate over time, do your own research and make your own choices based on your confidence in the project.The tyche team can not be held responsible for any market related forces and movements.

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