$RAVE Airdrop Changes

$RAVE currently will be airdropped to over 10,000 wallets starting from the 14th of February. 39M RAVE will be distributed in this way. This has raised concerns, as an airdrop of this amount could dilute early buyers. However, the Rave team has found a solution to this problem. Here are your options to manage how the Airdrop will work:

Option 1: Vested over 4 years

This means that the 39M RAVE will be locked for 4 years, but will retain its governance power throughout the 4 years. This is a simple option, which would remove that RAVE from the market for 4 years.

Option 2: Vested over 4 years with early unlock penalty

This is the same as the option above, but users will be able to claim their RAVE at any time, but for a penalty of 1 - (time_completed/4 years). This will remove RAVE from the market, and also generate revenue for the treasury in the form of early unlocks.

Option 3: Unlock in 4 steps

This means that 39M RAVE will be locked, and 1/4 will be unlocked every year.

Option 4: 4 years Streaming

Streaming the 39M RAVE means that all users will be able to claim their rave, or time_completed * amount/4 years RAVE at any time, with no penalty.

You can vote for any of these, or to change nothing.