XENIFY: Genesis Airdrop Event
Prepare for an exclusive airdrop of 1,500,000 bXNF on BNB Chain ✨
XENIFY — The Nexus of Innovation & Reward, Effortless Cross-Chain Swapping, and Community-Driven Expansion!
Welcome to this 5-minute guide, where we unveil everything you need to know about Xenify’s Genesis Airdrop event. This rare opportunity opens the door for you to become a part of our revolutionary protocol that’s set on transforming the DeFi landscape by combining exceptional cross-chain swapping capabilities and significant earning potential into one powerful package. Are you ready? Let’s dive in!
1️⃣ What Is The Genesis Airdrop Event?
As a precursor to the much-anticipated Genesis launch of XNF, we’re hosting a 60-day “Swap-to-Earn” event that offers a generous airdrop of 1,500,000 bXNF for swaps made through Xenify. This is not only an incredible opportunity to secure a significant portion of the limited 22.6 million supply but also to benefit from Xenify’s long-term growth and be rewarded for your active participation.
💡 Wondering what bXNF is? It’s the ticker symbol for XNF on BNB Chain.
The event kicks off on the 21st Friday at 2:00 pm UTC ⏰ and will last for 60 days. As you swap tokens, you’ll qualify for a sizable allocation of up to 25,000 bXNF each day during the event.
Remember, the airdrop tokens will be apportioned among swap participants based on how actively they contribute to the daily swap volumes. The more you swap, the greater your share of the 25,000 bXNF allocated to each day. In this way, the airdrop can be viewed as a silent auction for bXNF, with a finite amount of 25,000 available daily and “bids” coming in the form of swaps.
2️⃣ How Do I Participate & Are There Any Restrictions?
Participation is a breeze — head to xenify.io/swap, connect your wallet, and carry out any swap from an EVM-compatible chain. Whether it’s swapping your MATIC into bXEN or BNB into XEN, you’re good to go as long as the swap happens from Ethereum or EVM-compatible chains like BNB Chain, Avalanche, Fantom, Polygon, etc.
The best part is, there’s no minimum limits — whether you swap $1 or $10,000, you can earn bXNF. Even if you’re the only participant on a specific day, you’ll still secure 25,000 bXNF. There’s no minimum swap amount required for this extraordinary opportunity! 🤩
Imagine you’re the lone platform user to conduct a swap on a particular day — you’re guaranteed to secure 25,000 bXNF from the airdrop 👀
3️⃣ What Happens To The Swap Fees?
At Xenify, we’ve created a reciprocal environment that not only rewards swap participants, but also stakers of our native token. For chains where XNF has been deployed, our built-in swap fee mechanism ensures swap participants receive XNF as part of the daily mint cycle, and veXNF holders get 100% of the native tokens acquired from the platform’s swap fees 🤝 creating a win-win scenario for all!
As we continue to expand our horizons, the swap fees generated on yet-to-be-deployed chains will play a strategic role in supporting Xenify’s ongoing development, marketing, and outreach initiatives 🚀 This approach enables us to enhance visibility, drive adoption, and champion sustainable growth — all for the benefit of our users and the protocol itself.
In simpler terms, during the pre-deployment phase and while the Genesis airdrop event is live, the swap fees generated on BNB Chain will be utilised by the team to promote and enhance the Xenify platform. But once bXNF is deployed, 100% of the swap fees generated on BNB Chain will be distributed as native chain rewards to veXNF holders 💯
4️⃣ How Do I Track My XNF Airdrop?
Tracking your bXNF airdrop allocation is straightforward. Simply connect your wallet, head to the top of the page, click on the “More” tab, and select “Airdrop”. There, you’ll find a panel displaying your allocation, updated daily at 2:00 pm UTC when the protocol takes a snapshot of the swap volume.
Your share of the 25,000 bXNF allocated to each day will be based on your contribution to the daily swap volume. For instance, let’s say the total swap volume for the day was $100,000 and you contributed $10,000, this means you’d have secured 10% ($10,000/$100,000) of the 25,000 allocated for that day, equivalent to 2,500 bXNF!
For a broader perspective, you can view the entire swap volume and see where you stand by clicking “View Snapshot.” This will grant you access to a leaderboard showcasing all addresses included in the snapshot, with those securing the largest airdrop allocations positioned at the top 📊
5️⃣ When Do I Get My XNF Airdrop?
You’ll receive your share of the 1,500,000 bXNF airdrop at the conclusion of the first daily cycle, following the deployment of the bXNF contract on BNB Chain. While the exact date depends on some external dependencies, such as our PeckShield audit completion, rest assured, we’ll announce the date before the event concludes. Exciting times await!
6️⃣ Will My XNF Airdrop Tokens Be Locked?
Yes, initially, your airdrop tokens will be distributed to you as locked tokens. But don’t fret! Over the course of 730 days, these tokens will gradually unlock in your wallet with each new block 🔓
For instance, if you secured 25,000 bXNF from the airdrop, you can expect 25,000 locked bXNF distributed to your wallet at the end of the first daily cycle, with approximately 34.25 bXNF unlocking in your wallet each day. You can then stake these unlocked tokens to earn BNB generated from the platform’s swap fees and burn fees!
7️⃣ What Happens After The Airdrop Event?
Once bXNF is live on the BNB Chain, the protocol will kick off its default rewards distribution. This means 100% of the daily auction fees generated on BNB Chain will be distributed as BNB rewards to veXNF holders at the end of each daily cycle.
In addition to this at the end of each cycle, a daily allocation of bXNF will be minted for swap participants and those that participate in the daily burn auction. These bXNF tokens will be unlocked, which means they will have the ability to be staked to earn BNB rewards. But that’s not all! Xenify boasts a unique Recycling mechanism ♻️ that will enter you into the daily burn auction and take your earnings to new heights!
When you recycle your rewards during the first hour of a cycle, not only do you receive bXNF at the end of the cycle based on your burn contribution, but you also benefit from an exclusive distribution of BNB generated through the Claim Fee! It’s like catching a tidal wave of earnings 🌊
💫 And there you have it — a concise overview of the Genesis Airdrop Event!
Are you excited? We sure are! With unique tokenomics, powerful cross-chain swapping capabilities, and an equitable, community-driven approach, Xenify is the ultimate choice for anyone looking to simplify the cross-chain swapping process while maximising their earning potential.
Keep in mind, this is merely a bite-sized guide for the airdrop event, there’s so much more to explore, so don’t forget to dive deeper into the Xenify Litepaper for a 360-degree grasp of how everything falls into place!
Bonus Tips & Tricks
💡 Airdrop bXNF vs. Daily Minted bXNF: Unravelling the Difference!
- During the airdrop event, no bXNF tokens will be minted. Why? Because the bXNF token contract will only be deployed after the event concludes. Let’s break it down:
- 🔒 Airdrop bXNF: The 1,500,000 bXNF airdrop tokens will be distributed as locked tokens at the end of the event. These airdrop tokens are entirely separate from the 21,000,000 bXNF allocated for the daily mint.
- 🔄 Daily Minted bXNF: Once the bXNF contract is deployed, participants who perform swaps or burns will be rewarded with bXNF at the end of each cycle. These tokens will be minted from the 21,000,000 allocation and, most importantly, a portion of this will be unlocked! That means you can stake them and earn BNB rewards.
💡 2:00 pm UTC: What does that mean for you?
- Well, it all depends on where in the world you are🌏. If you’re in New York, that means it’s 10:00 am. In Jakarta, it’s 9:00 pm. Not in either of those cities? Here’s a handy time zone converter to figure out what 2:00 pm UTC means for you.
📌 Keep Up With XENIFY
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🤔 Curious to learn more? Check out our Litepaper, it’s a great resource and is packed full of information on everything Xenify!
👋 Can’t find what you’re looking for? Hop into our Telegram channel for help. Don’t be shy — come say hi!
You can find all our helpful links here: info.xenify.io
