Archway, built using the Cosmos SDK, will be airdropping ARCH tokens to ATOM stakers, Axelar bridge users, Terra devs, and testnet users.
According to Archway, 141,614 ATOM addresses are eligible for a 1:1 ratio with 29,412,980 ARCH tokens claimable to those who staked at least 25 ATOM –with a 2000 ATOM cap– on Jan. 16, 2023. Anyone staking to Coinbase, Kraken or Binance validators will not receive an airdrop.
An eligibility checker is live at https://airdrop.archway.io/ and United States users will be greeted with a “Airdrop is not available in your country” message along with a finer text alerting them: “ARCH tokens will not be offered in the United States or to residents of other prohibited jurisdictions.”
Upon entering a Cosmos Hub address into the form, the number of tokens to be airdropped is not shown. The actual airdrop depends on “the amount of challenges you successfully complete.”
CHECK AIRDROP (USE VPN IN U.S.)
The airdrop will also include 7,250 addresses who bridged a minimum of 5000 Euro using Axelar. These wallets are eligible for 2,900,000 tokens, getting an equal allocation of 400 ARCH each.
Developers who contributed to the Terra ecosystem, 6,416 wallet addresses, can claim up to 2,566,400 tokens with 400 ARCH allotted to each address.
Testnet users for Constantine-2 or Torii will be doled out 901,525 ARCH.
Total ARCH tokens set to be dropped is 35,753,330 to 191,342 addresses. This leaves 14,246,670 tokens left for future airdrops, and a clawback of unclaimed airdrop tokens is also possible.
Looking at Archway’s tokenomics, 50 million ARCH has been set aside for airdrops, which makes up five percent of the token distribution. “Ecosystem Grants” comes in at the top of the list with 27 percent of all tokens, or 270 million.
Two private sales totaling 145 million ARCH, or 14.50 percent of the supply takes place today, June 15, on CoinList to non-U.S. persons for $0.20 each. Sale goes live at 17:00 UTC or 10 a.m. PST in the U.S.
The airdrop should happen in July around the launch of Archway Mainnet.
