$VARCH AIRDROP UPDATE
The distribution of the $VARCH airdrop starts tomorrow, and we have some thrilling updates to share about the airdrop amounts, vesting, and the distribution schedule.
Increased Airdrop!
The $VARCH airdrop has been boosted to 50,000,000 tokens, which includes a 20% bonus! This means 25 million VARCH each for both the relay staking track and parachain activities track.
No Vesting Schedule!
How does no vesting sound? That’s right, all $VARCH tokens received through the airdrop will be completely unlocked from the start.
Fairer Distribution!
We’ve adjusted the cap for the linear distribution of $VARCH to relay stakers, reducing it from 100k $DOT to 50k $DOT to enhance the experience for the majority of participants.
Distribution Details:
$VARCH distributions for $DOT staked on the relay will commence first.
Distributions for qualifying activities across parachains & dApps will begin this Monday.
Our goal is to have fully distributed 50,000,000 $VARCH to between 50,000 to 100,000 accounts across the @Polkadot ecosystem by this Tuesday.
This airdrop involves complex calculations, and we sincerely appreciate the community's patience and support throughout this process.
Please show us some love by spreading the word and retweeting our initial announcement!
https://twitter.com/InvArchNetwork/status/1778661112856359268