Air Drop Proposal

[Split61]

This seams fair, would it be a single pool?

[Juapatero]

Maybe a distribution through DripDrop. You have to hold x amount (with a cap obviously to avoid it being hogged by a few) to receive x amount of INDY in x amount of Epoches.

[Joshthegoodman]

I’m relatively new to all of this, but is the threat of individuals getting in on the airdrop and then selling off tokens really that prevalent?

Also, there as been a number of comments referencing tests or confirmation that airdrop recipients are knowledgeable enough to participate (as a means to prevent short term investors), but that feels counter intuitive. Speaking for myself, I see this a long term opportunity to be involved in creating new and exciting things, and I can’t imagine there are a lot people with less experience in the crypto world putting the effort in to “earn” participation in the airdrop only to sell immediately.

Maybe this is my lack of experience showing, but if the goal is to increase the community and incentivize engagement, then putting up roadblocks to enter feels counterproductive.

[A1Smokey]

@fchimaobi

I have some thoughts on this airdrop and how it could flow better:
1 Those that qualify for an airdrop would provide their wallets & wallet addresses cannot change
2 They would get a percentage of their allocated INDY
3 To receive the rest of the INDY they would need to stake their first batch of INDY into SS via the pool Indigo would initially create/this can also help set INDYs price
4 The same wallet collected prior must contain the LP token
5 Must stake LP token for a specific period of time (up for discretion)
6 will receive the rest of their airdrop after time period ends- must be same wallet addresses

This is just a rough draft and me jotting down ideas as they come to me feel free to discuss/critique

The idea isn’t bad, but granted the airdropped community would be educated on the use cases. Before the airdrop distribution, maybe one of the mods could create a thread incentivizing the airdropped holders where and how to allocate their tokens for more rewards. Spreading awareness of their options rather than implementing forced restrictions will create long term holders. IMO

[Ulthurian]

Very solid idea with a lot of characteristics. A “vesting” period to avoid initial dumps is also important.

[bcrypto1988]

I like the proposal but think we have to think of something better for part 3. As several people start LP’ing their tokens, $indy will rise in value. Some will add their ada to their airdrop indy for say 200 ADA, while other will have to add 500 or 1000, while all will have received the same airdropped indy tokens. It will create an unfair situation, stress on the blockchain and a stressful race to be amongst the first to lp.

[Dell346]

Yeah, impermanent loss is a factor that we can’t ignore. Holders probably don’t want to lose their token holdings due to it.

[Conan.J]

Yeah, browsing several threads here makes me really confused since I saw a lot of proposals of “how to make it difficult to be eligible for the token airdrop”. That’s not really community friendly I think. I do understand that we want a strong community but there should be some other ways to build it without those unencouraging methods.

[Shrooms805]

Hey that’s not bad, new ideas new project.This as well would would work for future collaborations, I think .

[MaccaJane]

Some people may not have enough ADA to provide LP together with the INDY token they have and they may want to sell some. In addition, impermanent loss is an issue, I don’t want to lose my INDY token at all. I believe this project will be a great one in the future and of course its token price will increase a lot. Providing LP is not my best choice to hold a token.

[MaccaJane]

I second that. The airdrop should be a mean to get more community members or have them involved more, not pushing people away like this.

[GogoATH]

I do agree. And I don’t understand why we need to force them do this and do that with the token they get from an airdrop. Let them decide what to do with the token they get. It’s better to offer more attractive incentives to token holders I guess.

[GogoATH]

This idea is a better one I think. We can have many other way to keep them not selling by their own decision, not being forced.

[cattledog]

I understand your point on making sure people don’t get the airdrop and bail. I’m for that as well but we have to remember the Indigo community is a diverse community which gives it strength but everyone has differing financial situations. We need to make sure we minimize those people who do not HODL but do it so we don’t force folks to invest money that they may or may not have.

[fealtort]

There are flaws in this proposal. It is advantageous only to those who have more. It is recommended to reconsider the reason for not doing ISO.

[sh4rk]

I agree about solutions that prevent selling pressure from the airdrop receivers, but this expose all of them to impermanent loss, a single asset staking option (also a locked one) would be much better, at least for me

[lazy]

and how we are gonna make sure the airdrop is not rigged?
what if one person manages to claim two or more airdrops?

[Rafa]

i would like to take on this and combine with another proposal where you give your liquidity tokens to DEX’s and the ada locked in those contracts are delegated to single SPO’s to incentivize decentralization

[insuanach]

This definetely will help to prevent cash grabers

[SunDragon]

Honestly not a bad idea but should be interesting to see which route goes by the devs.