SingularityDAO (SingDAO) Airdrop
SingularityDAO Airdrop is worth 5,000,000 SingDAO tokens in total, to be distributed as below:
3,000,000 SingDAO tokens go to those who hold AGI tokens either in private wallets or in the Liquidity Pools of DEXs. These SingDAO tokens will be weighted towards those who hold more AGI tokens, and those who hold AGI tokens for longer, as explained below in the section ‘Airdrop for AGI token holders and/or Liquidity Providers’.
2,000,000 SingDAO tokens will go to users who stake at least 1,000 AGI tokens on staking.singularitynet.io. Half of these will be distributed equally to the wallets, and the other half in proportion to the amount of AGI staked, as explained below in the section ‘Airdrop for AGI Stakers’.
The SingDAO airdrop will be managed through the SingularityDAO Airdrop Portal (SAP) that will be launched in the coming weeks.
SingularityDAO, by SingularityNET, is a layer 2 noncustodial DeFi solution that allows members to manage dynamic token sets (called DynaSets) consisting of a bundle of utility tokens. These DynaSets are somewhat parallel to ETFs in traditional finance. Tokens that have limited liquidity on their own become easier to trade when aggregated into sets. On top of these token-sets, SingularityDAO enables yield farming and futures-based hedging features. The core purpose of SingularityDAO is to make it more beneficial and less risky to hold collections of utility tokens that individually have only modest liquidity, opening the flow of capital to innovative projects.
SingularityDAO is designed to leverage AI at multiple levels: AI manages dynamic token-sets, executes predictive market-making strategies to provide liquidity for these token-sets on DEXs, and predictively models hedging strategies.How to join the SingularityDAO Airdrop?
Requirements to earn free crypto coins
Step-by-Step Guide ''SingularityDAO Airdrop''
Airdrop for AGI token holders and/or Liquidity Providers:
- 3,000,000 SingDAO tokens will be distributed through the SingularityDAO Airdrop Portal (SAP) in four tranches. (Coming Soon)
- In month 1 (May 2021), only those addresses with 1000 AGI or more in a private wallet will be entitled to receive the airdrop, and only those that have been holding through month 1 (as proven by random snapshots during the month) will be able to access the airdrop in month 2.
- If you didn’t meet these criteria, don’t worry. You have another window to enter the Airdrop in June 2021. This is done via liquidity pools. The initial plan accidentally incentivized moving AGI out of liquidity pools to private wallets, thus hurting the markets. After this was raised by the community, they have modified the Airdrop to correct this problem, giving due rewards to people providing liquidity. More information on how to qualify will be provided through the SingularityNET Blog in the coming weeks. For more information, check the updated SingDao Airdrop blog.
Airdrop for AGI Stakers:
- 2,000,000 SingDAO tokens will be given to people who stake AGI tokens on staking.singularitynet.io.
- If you are staking AGI on staking.singularitynet.io and wish to avail of the airdrop, you are still required to register for the airdrop prior to each session as described in the “SingDAO Airdrop Schedule. In order to be eligible for the airdrop, stakers, holders and liquidity providers will have to register on the SingularityDAO Airdrop Portal with their wallets for each session without needing to pay any gas fees. Claiming can be done either at the end of month 4 or after each session if you wish. Please note that claiming your SingDAO tokens will cost gas fees. For more information regarding Registration Periods, Claiming Periods, please check the updated Airdrop blog.
Of these 2,000,000:
- -- 1,000,000 will be divided equally among staking wallets (so that if there are 100 staking wallets, each will receive 10,000 SingDAO tokens)
- -- 1,000,000 will be delivered proportionally to the amounts staked (so that if 100,000 AGI total are staked, a user who has staked 2300 AGI (2.3% of the total AGI staked) will receive 2.3% of this reward: 23,000 SingDAO tokens).
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