Liberty Finance ($LIBX) Token Airdrop for Gather Holders & Testnet Participants
Liberty Finance Announces an Airdrop Worth ~$1,800,000 for Gather Holders and Testnet Participants
Today, we announce two Airdrops where $GTH holders can maximize their earnings:
- Airdrop for $GTH holders, based on snapshots.
- Airdrop for Liberty Finance Testnet Participants, based on usage after Testnet go-live.
Liberty Finance is the world’s first truly ethical and transparent decentralized exchange (DEX) that will support both fiat on-ramp and off-ramp along with a host of centralized exchange based features. Read more about our vision and mission in our Manifesto:
With the launch of our upcoming Testnet release and leading up to our Mainnet release, we will be rewarding $GTH (Gather is our Layer 1 blockchain partner) holders and Testnet users with a $LIBX airdrop.
On March 20, 2023, we will take the first snapshot of the blockchain to determine each user’s wallet holdings of $GTH. We will then take bi-weekly snapshots right up until the token launch in June.
We will calculate each user’s proportional share of the total $GTH:
- Held across all wallets on Ethereum, BSC, and Gather Mainnets.
- Staked in the Gather Layer 1.
- Provided as liquidity in the Uniswap or Pancakeswap pools.
- Owned as a Masternode NFT collateral.
- Held or staked in an Ascendex exchange account.
- It is not guaranteed that the other centralized exchanges will support the airdrop so we recommend having your $GTH in your personal wallet or in other incentive programs by Gather (staking, liquidity, masternodes).
We will then Airdrop $LIBX tokens to each user’s wallet based on their proportional share of $GTH holdings, according to the following sliding scale:
Users who held $GTH tokens from March 20, 2023, will receive a 100% weighted allocation based on their proportional share of $GTH holdings and will be entitled to get the rewards from the latter snapshots. Holders from the first snapshot throughout the end of the snapshot period will maximize their Airdrop amount while they will also have the chance to buy more $GTH during the snapshot period and to participate in the Testnet Airdrop, eventually getting more $LIBX from the Airdrop.
Each week thereafter leading up to the Airdrop date, the reward percentage will decrease by the below increments until the Airdrop date, and wallets that are in the snapshots will also be entitled to get the rewards from the latter snapshots. The sliding scale will be as follows:
- Users who held $GTH tokens on April 1st, 2023 will receive a 90% weighted allocation.
- Users who held $GTH tokens on April 10, 2023 will receive an 80% weighted allocation.
- Users who held $GTH tokens on April 20, 2023 will receive a 70% weighted allocation.
- Users who held $GTH tokens on May 1, 2023 will receive a 60% weighted allocation.
- Users who held $GTH tokens on May 10, 2023 will receive a 50% weighted allocation.
- Users who held $GTH tokens on May 20, 2023 will receive a 40% weighted allocation.
- Users who held $GTH tokens on June 1, 2023 will receive a 30% weighted allocation.
- Users who held $GTH tokens on June 10, 2023 will receive a 20% weighted allocation.
- Users who held $GTH tokens from June 20, 2023 up until Launch will receive a 10% weighted allocation.
$LIBX tokens will be claimable on the Gather Mainnet once the snapshots are complete and the token is live with vesting over 12 months.
The total amount of $LIBX Airdrop for $GTH holders will be 41,187,500 $LIBX.
The total amount of $LIBX Airdrop for Testnet users will be 24,712,500 $LIBX, and it will be shared between the participants based on usage over time, starting from Testnet go-live and ending at Mainnet go-live.
$GTH holders can maximize their earnings by also participating in the Testnet, however, holding $GTH is not a prerequisite to earning from the Testnet Airdrop; anyone using and testing Liberty Finance in the making will be eligible. More details on how we will reward Testnet users will be shared closer to the Testnet launch.
Get ready for the $LIBX token Airdrop! Stack your $GTH and prepare your Testnet wallets!
Don’t forget to join our communities and stay updated in real-time, while also having the opportunity to chat with the team and ask any questions you might have.
