Shade Protocol announced an airdrop starting Nov. 7 until Dec. 13 where stakers of ATOM, SCRT and LUNA will be eligible for approx. 1,450,000 SHADE.
Two snapshots will be taken on the above mentioned dates at UTC+0 and the criteria for maximizing the airdrop is as follows:
- You can stake all three coins for max rewards.
- Stake for the full 36 days.
- Don’t stake with exchange validators, such as Binance, Coinbase or Kraken.
- Don’t stake with a zero percent validator in the top-25 nodes.
- Stake outside of the top-ten validators.
- Join the incentivized testnet prior to launch.
SCRT stakers will get the most SHADE as they have the smallest market capitalization, followed by ATOM, then LUNA. This is due to a set amount of SHADE distributed across stakers.
Shade Protocol says the 36-day staking period is to identify and reward devoted participants.
According to the developers, anti-whale snapshots have already been taken.
The airdrop equation will not be released until all snapshots are taken.
DEX liquidity providers will not be getting an airdrop.
Shade Protocol is an array of connected privacy-preserving dApps built on the Secret Network. Featuring Silk, a private burn-based algorithmic global stablecoin.
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