15% of the MON Supply was distributed through an Airdrop in September 2022 - The distribution started one month after TGE.
For a time period of 4 weeks, every day at a random time, a Snapshot is made and your GHNY holdings is counted. At the end of this period, the Average of your GHNY holding is calculated. The last days of the Snapshot are weighted more than the first days. This calculated average is a crucial value for the amount of your MONETA airdrop.
The Snapshot Period starts at the 25th of August and Ends at the 23th of September 2022.
You have the chance to lock away your GHNY for 1, 3 or 6 month and profit from a higher Honeypot APR and the second Moneta Airdrop.
Depending on the Duration, you receive 5, 10 or 20 MONs for every frozen GHNY.
The third Airdrop will reward all LQTY Holders with a MON Airdrop. This will make their community and over $500.000.000 TVL attentive to the DeFi Franc.
15.000.000 MON are distributed.
- 5.882.676 MON for the GHNY Holdings Snapshot
- 5.291.841 MON for the GHNY Stakers
- 3.825.483 MON for LQTY Holders
Because the Airdropped Amount of tokens is quite large, the Emission needs to be dealt with carefully. If the Vesting is too short, this would scare off potential investors of MON. However, 10 years of vesting where Airdrop participants can't use their MON is also not optimal.
This is why there are two options the Airdrop Participants can choose from:
- 1.Vest & Claim At the beginning, 100% of your tokens are vested. Participants can claim 0.1% every day starting on Day 30. After 1000 Days, 100% of the Airdrop will have been claimable.
- 2.Freeze & Earn Users can put 100% of their Airdrop in the Moneta Staking for 2000 days. There, they participate from the Staking Rewards generated by the Borrow and Redemption Fee but cannot withdraw. After 2000 days, the tokens can be claimed over the course of 180 days.