Uniwhale Mainnet Launch — Stage 2, of Season 1

Four hours into launching on the BNB Mainnet, our protocol liquidity reached $1.3 million. Four hours! And that, as we said in our last article, concludes the Liquidity Bootstrapping part of our Airdrop Stage 1.

But it is not too late to be part of our Airdrop Stage 1, because the Trader Bootstrapping is still running!

Let’s unlock Stage 2!

• Airdrop Stage 2 runs from the Stage 1 Snapshot Block to the TGE (after we reach $ 5million protocol liquidity).
• The Stage 1 Snapshot Blocks for Liquidity Bootstrapping and Trader Bootstrapping are determined when the respective Stage 1 targets are reached.

For LPs:

• When we reach $5 million protocol liquidity, the TGE countdown starts.
• Random snapshots (backward-looking) will be taken and wallets that meet the criteria will be announced.
• 3,500,000 esUNW are shared among those wallets, proportional to their ULP holdings.

For Traders:

• When we reach $5 million protocol liquidity, the TGE countdown starts.
• Random snapshots (backward-looking) will be taken and wallets that meet the criteria will be announced.
• 1,500,000 esUNW are shared among those wallets, proportional to their trading volume.

What is esUNW?

As we explained in our Tokenomics, esUNW is our governance token. Only the holders of esUNW can participate in the governance of Uniwhale. It is a non-tradeable and non-transferrable token, that can be staked to participate in the distribution of the value accrued as well as in the token emission. Given its nature, its holders are eligible for a higher percentage of the value accrued and the token emission, compared to UNW. The token emission is also in form of esUNW. esUNW holders can convert esUNW into UNW by locking up esUNW over certain period of time, over which esUNW will be converted into UNW linearly. Locked esUNW (for vesting) may be unlocked anytime. Locked esUNW also ceases to be eligible for any distribution of the value accrued and the token emission.

A quick recap on our token distribution

The maximum supply of UNW (and esUNW) is 100 million.

• Out of the maximum supply, 40 million (i.e. 40%) is allocated to emission in form of esUNW.
• 20 million is allocated to bootstrap the initial liquidity at the reserve fund.
• 10 million is allocated to the token airdrops to early users of Uniwhale, Uniwhale Genesis Pass holders and targeted DeFi users.
• Further 20 million is allocated to the community development (including marketing, partnership and contributors). This 30 million (includes 10 million for airdrops) may be subject to milestone-based vesting.
• Finally, 10 million is allocated to provide initial liquidity of UNW as and when it is listed on other trading exchanges.

You can read all about our tokens on our Tokenomics article!

Wen TGE?

We are extremely heartened by the successful conclusion of Liquidity Bootstrapping of our Airdrop Stage 1, and look forward to continuing our journey to TGE with our community.

A BIG THANK YOU again to our community for helping bootstrapping Uniwhale and, with your help, TGE may be just around the corner!

Until then, to get involved and stay updated on all Uniwhale-related matters:

• Visit us on uniwhale.co
• Find our codes on GitHub
• Follow Uniwhale on Twitter
• Subscribe to the Uniwhale Medium
• Join the Uniwhale community on Discord