Based on the Cosmos SDK network, Soarchain is a Layer 1 that provides token-incentivized data and communication infrastructure for mobility. It offers developers a platform to create personalized dApps and smart contracts tailored to the transportation sector, encouraging creativity and teamwork.
With its genesis airdrop, Soarchain is awarding its native SOAR coin. 51,300,000 SOAR, or 2.7% of the total supply, will be used for this airdrop.
Stakeholders in ATOM, TIA, and AKT as well as early community and Zealy members, testnet users, and validators are among the groups that will receive the airdrop. On January 5, 2024, the airdrop’s snapshot date occurred.
Step-by-Step Guide:
- An airdrop of 51.4 million SOAR Genesis has been announced by Soarchain.
- Stakeholders in ATOM, TIA, and AKT as well as early community and Zealy members, testnet users, and validators are among the groups that will receive the airdrop.
- The following is the allocation for the airdrop:
| Category | Candidates | Allocation |
|---|---|---|
| Foundation | Atom | 11.1% (5,700,000) |
| Modularization | Celestia & MilkyWay | 11.1% (5,700,000) |
| DePIN | Akash | 14.8% (7,600,000) |
| Early Community | Soarchain OGs & Zealy | 1.85% (950,000) |
| Mobility | OEM Connections | 11.1% (5,700,000) |
| Testnet Users | Soarchain Mini | 37% (19,000,000) |
| Validators | Testnet Validators | 1.85% (950,000) |
| Surprise Network | TBA | 11.1% (5,700,000) |
- The airdrop will be given to ATOM, TIA, and AKT stakers under the following eligibility requirements:.
- Stakeholders of ATOM
- Participants must stake at least 40 ATOM.
- particular distribution determined by a participation score.
- MilkyWay and Celestia stakers
- A minimum of 40 TIA or 20 milkTIA must be staked.
- The formula for the participation score also determines allocation.
- Stakeholders in ash
- Stakes must be made with at least 50 AKT.
- The participation score is used to determine the SOAR allocation once again.
- 37%, or 19,000,000 SOAR, of the total goes to users of the Soarchain Mini testnet. Ten million of these are base incentives for Mini purchases, and nine million SOAR are awarded dependent on testnet earnings.
- Soarchain original developers who claimed a unique Discord role receive 1.85% (950,000 SOAR), and Zealy quest participants receive SOAR in accordance with their testnet prizes.
- Testnet validators will receive an additional 1.85% of the supply in exchange for their uptime, node operation, and governance engagement scores.
- With 950,000 SOAR in incentives for Tesla Proof-of-Availability and 4,750,000 in base awards for pre-integrated OEMs, the mobility industry receives 11.1% of the total.
- 11.1% is lastly set aside for a “Surprise Network” that will be disclosed later. The strategic reserves of Soarchain will get any leftover tokens from the community and Tesla categories.
- Your wallets will receive the benefits straight away.
Disclaimer: We are not financial advisors. The airdrop content on this page is for educational purposes only and merely cites personal opinions. While we strive to provide quality airdrops, we advise you to conduct your research and make smart decisions.
This post does not serve as an endorsement or reason to invest in a project. Finally, there is no guarantee that you will be making a profit or loss from this project and we'll not be liable for any loss.
This post does not serve as an endorsement or reason to invest in a project. Finally, there is no guarantee that you will be making a profit or loss from this project and we'll not be liable for any loss.
