Is it a bird? Is it a plane? No, it’s the Orks!
As token launch and OrkSwap are around the corner, it is time to finalize on the mechanics of the KuPay Airdrop.
To prevent that a lot of KPY tokens will be sold in one instant as soon as OrkSwap launches, the KuPay team have decided that the airdrop will take place in 4 installments beginning 30 days after token launch. This way the price of the KuPay token can settle down and the team has time to implement staking options for KPY to increase demand for the token, increasing the value of the airdrop.
Planned staking options are:
- Staking of KuPay in Farms on OrkSwap
- Staking of KPY in a smart contract to facilitate free payment requests for stakers (Payment requests are free of charge until implementation)
- Staking of KPY in a smart contract to facilitate no transaction fees for merchants using KuPay checkout
In the below schedule you will find the details of the airdrop. The airdrop will be dropped in equal amounts. Snapshots of Ork holders will take place 24 hours before the start of the KPY pre-sale.
T = Launch date OrkSwap
- Airdrop 1: T + 30 days
- Airdrop 2 : T + 60 days
- Airdrop 3 : T + 90 days
- Airdrop 4 : T + 120 days
For HDMC holders the airdrop will take place at T + 120 days
The KuPay team has carefully weighted all variables concerning the airdrop. We are convinced that these mechanics serve all parties concerned in the best way in regard to the value of the KuPay token.
If you have any questions, please reach out to one of our community managers in our Telegram chat. We will gather all the questions and wrap them up in a Q&A later.
The KuPay team
