LibFi Airdrop Complementary Incentive Program

Liberty Finance DEX
3 min readApr 7, 2023

In this week’s article, we’ll be showcasing a new program that’s aimed at non-exchange users. The program is based on various eligibility factors. The table below outlines these factors and the percentage of eligibility based on activity through snapshots.

The program has a total allocation of 11,000,000 $LIBX tokens, which will be distributed among eligible participants. It’s worth noting that this new program will not affect any of the existing programs and is only applicable to non-exchange users.

The following table illustrates the figures and details, expanded on below it:

Let’s take a closer look at each of the eligibility factors and what they entail:

  1. Just holding GTH:

If you own $GTH and have not sold, you’ll be eligible. If you’ve held your GTH from snapshot 2–9 you will be 100% eligible, and from 5–9, 50%. Total allocation for this factor will be 1,000,000 $LIBX.

2. Liquidity Pool:

If you’ve provided $GTH to LP’s, you’ll be eligible. If you’ve provided $GTH from snapshot 2–9 you will be 100% eligible, and from 5–9, 50%. Total allocation for this factor will be 3,500,000 $LIBX.

3. Trading volume On-Chain (Uniswap + Pancakeswap):

Based on the amount of $GTH bought per transaction (Nett). If you’ve bought $GTH from snapshot 2–9 you will be 100% eligible, and from 5–9, 50%. Total allocation for this factor will be 250,000 $LIBX.

4. Masternodes:

Based on the total $GTH amount held in masternodes. If you’ve held $GTH in a masternode from snapshot 2–9 you will be 100% eligible, and from 5–9, 50%. Total allocation for this factor will be 1,750,000 $LIBX.

5. Staking:

Based on the total $GTH amount staked. If you’ve staked $GTH from snapshot 2–9 you will be 100% eligible, and from 5–9, 50%. Total allocation for this factor will be 2,500,000 $LIBX.

6. Governance Participation:

Based on the total number of participations per wallet. If you’ve participated from snapshot 2–9 you will be 100% eligible, and from 5–9, 50%. Total allocation for this factor will be 1,000,000 $LIBX.

7. Bridging Volume:

Based on the total volume bridged on the Gather network (Nett). If you’ve bridging volume from snapshot 2–9 you will be 100% eligible, and from 5–9, 50%. Total allocation for this factor will be 250,000 $LIBX.

8. Social Gamification:

Based on Follower Count times Number of Tweets. If you’ve been active from snapshot 2–9 you will be 100% eligible, and from 5–9, 50%. Total allocation for this factor will be 750,000 $LIBX. Fill in this Form so that we can track your activity!

It’s important to note that these eligibility factors are based on activity through snapshots. This means that the amount of tokens you’re eligible for will be calculated based on a snapshot taken at a specific time.

To summarize, the new program introduced is aimed at non-exchange users, and eligibility is based on various factors such as holding $GTH, LP, trading volume, masternodes, staking, governance participation, bridging volume, and social gamification. The total allocation is 11,000,000 $LIBX tokens, which will be distributed among eligible participants.

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