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SpaceDefi TechnologiesSpaceDefi Technologiesby0xAA3EDC3d41Ea84A57754f25dED7e7Be0EEdd3F500xAA3E…3F50

Vote on BTON airdrops time

Voting ended over 3 years agoSucceeded

Let’s vote on airdrop timing. Below are two options. In both cases, the rewards generated by the BTON treasury investments are distributed as such (after the first month of compounding) : 45% airdropped 45% compounded 10% to dev wallet. The difference here is the timing.

Option A) have every week an airdrop with the revenues generated by farming and, every month, an airdrop with the revenues generated by bot trading

Option B) have every month an airdrop with all the revenues generated, combined

Let’s take an example with rounded up numbers. Let’s say that we are investing 100K$, 40K are farming (30% APR) and 60K are bot trading (300% APR) with a variety of strategies.

The 40K farming with a 30% APR delivers 230$ weekly and 45% of that is 103$ weekly and approx 412$ monthly.

The 60K trading with a 300% APR delivers 15K$ monthly.

With option A) a holder would receive a few dollars 3x a month and a few hundred dollars 1x a month, for a total of (for the sake of giving a number) 30+30+3+260 = 350$.

With option B) the same holder would receive 350$ at once

Please bear in mind this vote is about when, not how much (although to be fair, if the rewards compound for longer before the airdrops are made, the result will be increased rewards over time).

We are suggesting that we switch to a monthly schedule rather than a weekly schedule because 1/ some of the weekly airdrops (based solely on farming) may be ridiculous when compared to the monthly ones 2/ if an airdrop is 350$ and the next one is 30$, I expect a wave of question every time and possibly some FUD that we’d rather avoid 3/ it’s easier to manage and plan

After the vote, we will make a clear schedule of when the airdrops are done (which day of the week/month), when snapshots are taken (without giving the exact date beforehand though) and some details for the process. Although for you as investors it’ll be seamless: you won’t have to claim, the USDC will be sent to your wallet automatically.

Off-Chain Vote

Option A: weekly + monthly
28.61K BTON23.2%
Option B: monthly
94.45K BTON76.8%
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Discussion

SpaceDefi TechnologiesVote on BTON airdrops time

Timeline

Oct 05, 2022Proposal created
Oct 05, 2022Proposal vote started
Oct 08, 2022Proposal vote ended
Oct 26, 2023Proposal updated