KALM Airdrop and BURN - celebrating the upcoming update.

Kalmar

May 6, 2022 • 4 min read

You're probably familiar with our methods of celebrating new updates or events, but this time is different. We've previously airdropped NFTs and modest quantities of tokens, as well as held contests and giveaways, but this time is different.

Our next update will be a game changer for us, as we will be going multi-chain, introducing KalmySwap, creating protocol-owned liquidity pools, and launching bonds all in one. As a result, we feel that our largest update should be accompanied by our biggest celebration ever.

As a result, we are really pleased to inform you that we will be airdropping 100,000 KALM tokens, as well as burning 100,000 KALM tokens!

How will the airdrop be distributed?

Creating a fair distribution for the airdrop was a critical issue, and we experimented with a plethora of various distribution combinations.

After modeling what we assume to be every possible possibility, we feel that the following categories will result in the most fair distribution:

1) The Diamond Tentacles 💎🦑

Criteria - Must have staked KALM (holding vKALM) and the sum of all KALM sold should not exceed 10% of current vKALM holdings.

This criterion is for our most precious diamond tentacles, who have been with us since the beginning. Initially, the proportion of KALM sold from existing vKALM holdings was considerably smaller, but we didn't want diamond holders who sold only to test things out or because of real-life issues to go unrewarded, so we increased the margin to 10%.

Categories:

0 < Holding <= 9.8 vKALM
9.8 < Holding <= 24.5 vKALM
24.5 < Holding <= 49 vKALM
49 < Holding <= 98 vKALM
98 < Holding <= 245 vKALM
245 < Holding <= 490 vKALM
490 < Holding <= 980 vKALM
980 < Holding <= 2,450 vKALM
2,450 < Holding <= 4,900 vKALM
4,900 < Holding <= 9,800 vKALM
9,800 < Holding <= 24,500vKALM
24,500 < Holding <= 49,000 vKALM
49,000 < Holding

2) The Stakers 🦑

Criteria - Must have KALM staked (holding vKALM). No timeframe or supplementary criterion in place.

Categories:

0 < Holding <= 9.8 vKALM
9.8 < Holding <= 24.5 vKALM
24.5 < Holding <= 49 vKALM
49 < Holding <= 98 vKALM
98 < Holding <= 245 vKALM
245 < Holding <= 490 vKALM
490 < Holding <= 980 vKALM
980 < Holding <= 2,450 vKALM
2,450 < Holding <= 4,900 vKALM
4,900 < Holding <= 9,800 vKALM
9,800 < Holding <= 24,500vKALM
24,500 < Holding <= 49,000 vKALM
49,000 < Holding

3) The KALM holders 🦑

Criteria - Must have more than 49 KALM and has had more than 40 KALM in the last 7 days.

We will carefully review any wallets holding more than 49 KALM to ensure a fair distribution due to the high likelihood of dust being spread around by airdrop hunters or certain individuals having numerous wallets for the same reason.

Users who attempted to obtain an unfair advantage by distributing their holdings over many wallets will be disqualified for the entire amount.

49 < Holding <= 98 vKALM
98 < Holding <= 245 vKALM
245 < Holding <= 490 vKALM
490 < Holding <= 980 vKALM
980 < Holding <= 2,450 vKALM
2,450 < Holding <= 4,900 vKALM
4,900 < Holding <= 9,800 vKALM
9,800 < Holding <= 24,500vKALM
24,500 < Holding <= 49,000 vKALM
49,000 < Holding

Smart contracts and team wallets to be, of course, not accepted.

4) Post update multi-chain raffle🦑

Criteria - Interact with any of our contracts once they have been updated on Avalanche, Fantom, and BSC.

To incentivize the usage of our new products, we will be doing a raffle. To enter, interact with any of our contracts post-update on any blockchain.

75% of the entire amount saved for this raffle to go to Avalanche and Fantom, and 25% to go to BSC.

The raffle will have a total of 100 winners. One entry per wallet. We will do everything possible to ensure that bad actors who use bots are not rewarded.

F.A.Q

What if I qualify for more than one of the categories listed?

Then you're in luck, since you'll get them all. Yes, diamond tentacles will receive both category 1) and 2) airdrops, as example.

Has the snapshot already been taken?

Yes, the snapshots have already been taken.

There are no exact amounts specified?

No, not for the time being. When it comes to actual token distribution, we're still looking for the best approach. Keep an eye out for a second blog.

Why are the amounts not exact?

To ensure fairness, we started with exact amounts (e.g 10, 100, 1,000 KALM), then we subtracted 2% of each, to include those that own an amount slightly lower.

What about NFT holders?

NFT holders are not forgotten; as a result, we have many things planned for you in the near future, particularly with future updates that will bring utility to the NFTs on the Kalmy.app platform.

When will the airdrop be distributed?

We expect the airdrop to start being distributed two weeks after the update.

When will the burn happen?

At the same time with the airdrop distribution.

Will there be a vesting period?

There will be a vesting period for the winnings in category 4), that will extend for a total period of 4 weeks.

Where are the tokens being airdropped and burned coming from?

As previously stated, we will not conduct random burns or airdrops, to ensure we keep our original KALM distribution according to plan.

However, the KALM set aside for this launch event were originally set aside for the PancakeSwap pool. As you may know, the pool was rejected via vote by CAKE holders, therefore we're re-allocating it for this event.

Sometimes unpleasant events are actually blessings in disguise, as we're now far more happier to be burning 1% of the entire supply and airdropping these KALM tokens to Kalmarians rather than utilizing them for promotional purposes.

Final note

If you still have unanswered questions, join our Telegram group, where our team is ready to help.

We reserve the right to adjust the airdrop and burn terms, if necessary.

To make sure you're notified about every update, join our Telegram group and follow us on Twitter.

To learn more about Kalmar, read our documents and blog sections.